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Project 2025, devised by the Heritage Foundation, proposes significant conservative-led changes to federal governance, including simplifying the income tax system to two rates and sparking debate over its potential economic and social impacts.
Project 2025 by Heritage Foundation Proposes Major Tax Overhaul in Controversial U.S. Governance Plan
According to Marca, in recent weeks, Project 2025, a detailed plan created by the conservative think tank Heritage Foundation, has stirred up a lot of controversy in the U.S. This 900-page proposal aims to change how the federal government operates if Republicans win the next presidential election. It focuses on major changes to education, the Federal Reserve, the IRS, and taxes, aligning them more with conservative beliefs about governance.
One of the biggest changes Project 2025 suggests is simplifying the current seven-tiered income tax system to just two rates: 15% and 30%. Supporters say this would make taxes easier to understand and boost the economy. Critics worry it could mean higher taxes for middle and lower-income families while giving more benefits to wealthier individuals. The plan’s impact on government revenue and social programs is also a concern.
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2024 Presidential Election: 900-Page “Project 2025” Tax Plan Stirs Controversy: 15% and 30% Brackets, Simplified Code, and a Shift in the Balance of Power (PHOTO: MSNBC News)
2024 Presidential Election Puts Spotlight on Project 2025’s Controversial Tax Proposals
With the 2024 presidential election approaching, tax policy is becoming a major topic. Project 2025’s proposals are sparking intense debate about their potential effects on the economy and society. Supporters argue for bold changes to strengthen the country, while opponents fear it could lead to more inequality and challenge democratic principles in the U.S.
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