Trump to Unveil 'Major Tax Cut for Middle-Income People' Before Election
Donald Trump told reporters after a rally in Nevada that he was planning to propose a major tax cut targeting middle-income Americans before the end of the month.
"We are looking at putting in a very major tax cut for middle-income people. And if we do that it'll be sometime just prior, I would say, to November,” Trump told reporters. “We are studying very deeply right now round the clock a major tax cut for middle-income people."
Trump has taken criticism from Democrats for his tax cuts, which they claim only help large corporations and the top 1 percent. But Trump said the tax cuts he is looking to implement soon would not be related to businesses whatsoever.
“Kevin Brady is working on it, Paul Ryan is working on it,” said Trump. “I would say sometime around the first of November, maybe a little before then.”
Tax cuts are always popular, especially with Republicans. But how realistic is it for the president to hope that this Congress will be able to pass it before the session ends in December?
With the deficit already climbing toward $1 trillion, it would be extremely difficult to get any kind of tax cut through a lame duck House, much less the Senate, before the end of the year. That makes me believe this is a transparent political ploy to turn out Republican voters for the midterms.
Nothing wrong with that, of course. Politics is politics and Trump can say anything he wants if he thinks it will help GOP candidates. In this case, anything Ryan and Brady come up with will serve as a good last-minute campaign commercial for a lot of Republicans.
Of course, if the Democrats take control of the House, the whole issue is moot. Democrats will be too busy trying to impeach the president to care much for the American people.