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What will be the outcome of Trump's tax cuts by end of 2025?
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Donald Trump•Time•Sam Jacobs•Trump•American•New York Stock Exchange•Ronald Reagan•Chinese•Xi Jinping•Xi•United States•China
Resolution / Starting Odds
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Official US tax policy updates or government announcements
Story
Trump Named Time's Person of the Year Again; Invites Xi to Inauguration Amid Expected Absence
Dec 13, 2024, 03:59 AM
President-elect Donald Trump has been named Time Magazine's Person of the Year for 2024, marking the second time he has received the honor. Time's editor-in-chief Sam Jacobs praised Trump's "historic comeback" and his role in ushering a "once-in-a-generation political realignment" that reshaped the American presidency and the nation's role in the global economy. In celebration, Trump rang the opening bell at the New York Stock Exchange, becoming the second U.S. president to do so after Ronald Reagan in 1985. During the event, Trump expressed gratitude for the recognition and outlined plans to reduce the corporate tax rate from 21% to 15%, along with cuts to capital gains and dividend taxes. Additionally, Trump has invited Chinese President Xi Jinping and other world leaders to attend his inauguration on January 20, an unorthodox move that departs from traditional protocol. However, reports indicate that Xi is unlikely to attend, viewing the invitation as too risky amid ongoing tensions between the United States and China. Instead, China may send a senior official or its ambassador to represent the country at the inauguration.
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