Republican Election Sweep Emboldens Trump's Tax Cut Dreams.

The Republican election sweep has emboldened Trump's tax cut ambitions, leading to a campaign to slash levies in new and larger ways. With Republican majorities in the House and Senate, Trump can enact a tax bill without Democratic concessions, constrained only by deficit spending limits. The GOP's success in the elections paves the way for further tax cuts, including considerations like cutting the corporate tax rate and exempting tips from federal income taxes. The clash within the GOP between deficit hawks and those who believe tax cuts don't need to be offset will shape the negotiation of the tax bill. [Extracted from the article]