A three-day meeting of U.S. House Republicans, meant to jumpstart President Donald Trump's $4 trillion tax cut agenda, ended on Wednesday without a deal as party fiscal hawks refused to move ahead unless the plan reduced the $1.

Donald Trump wants to abolish income tax, cut corporate taxes, eliminate taxes on tips, overtime, and Social Security benefits, and impose tariffs to boost the US economy.

The tax cuts that were President Trump’s top first-term legislative achievement went unmentioned in his inaugural address, even though their extension will dominate the congressional agenda this year.

Professional athletes throughout the United States often face enormous federal income tax payments to go along with their massive contracts. However, a tax plan set forward by newly-elected United States President Donald Trump would ease that tax burden for those well-compensated athletes.

Donald Trump outlined his vision of a new economic model where the US would no longer tax its citizens to enrich foreign nations.