United States President Donald Trump announced that his administration is moving forward with a major tax reform package, which he described on Truth Social as “one big, beautiful bill.” Trump emphasized that the U.S. economy is already performing well and predicted it would “boom in a way never seen before” once the new tax plan is implemented.

The proposal, according to Trump, will eliminate taxes on tips, overtime pay, and Social Security benefits for senior citizens. He called it the “biggest tax cut” ever for middle and working-class Americans and declared, “It is time for Main Street to win.”

The president’s statement signals a continued focus on economic policy aimed at benefitting everyday Americans, reinforcing his administration’s narrative of empowering workers and retirees through tax relief. While the proposal has generated strong interest, no timeline or specific legislative text has been released yet, leaving key questions about implementation and fiscal impact unanswered.

Despite the lack of detail, Trump’s messaging positions the plan as a cornerstone of his economic agenda, designed to put more money directly into the hands of working Americans and retirees. The bill is expected to be a central topic in the coming weeks as lawmakers and policy experts await further developments.