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Trump has also proposedeliminating taxeson overtime pay, Social Security Benefits and tips.
Middle-class households, who spend a greater percentage of their income on essentials, would bear the brunt.
Without it, where does that money come from?
Stroup explained that a tax overhaul could lead to benefit cuts, delayed eligibility or even privatization.
Without an income tax, these deductions disappear, Stroup said.
If those funds dry up, states would likely increase property and local taxes, disproportionately affecting middle-class homeowners.
Higher costs without the benefits of improved public services.
This shift could exacerbate income inequality, making it harder for working families to build long-term wealth.
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