President Donald Trump has said he is considering a "major tax cut" for middle-income earners that he may announce just days before crucial midterm elections that will determine control of Congress. One official familiar with the discussions said Trump has pushed congressional leaders to introduce another tax cut package before the November 6 election.
President Donald Trump and Vice President Mike Pence visited Elko, Nevada Saturday to support Republican political candidates in the state.
With the deficit already climbing toward $1 trillion, it would be extremely hard to get any kind of tax cut through a lame duck House, much less the Senate, before the end of the year. Given that election reality, the 2016 Presidential vote for all 435 U.S. House districts is a good place to start for (theoretically) assessing how "solid" a House district is for either party. Has a surge of post-Kavanaugh enthusiasm for Republicans turned back the Democrats' momentum?
Additionally, the politics surrounding passing a new tax cut are made more complicated by news this week of the country's ballooning deficit caused at least in some part by the previous tax cut plan passed by congressional Republicans a year ago. Or could this be a typical midterm with the Democrats making just modest gains?
Trump mentioned the proposed tax cut in the same week the US government ended the 2018 fiscal year having collected record taxes, the Treasury Department said October 15.
Biden, whose appearance ended shortly before Trump's began, said the United States was founded "on an idea, the American idea, basic fundamental decency, and it's being shredded". "Our tax code should reflect our values and instead of more tax breaks for the top 1% and corporations, we should be lifting up millions of American families".More news: Manchester United players 'mock club legends with videos'
Which is why the message that resonates most strongly by far with persuadable voters is a Republican promise that they will make permanent last year's middle-class tax cuts.
If the Senate does not act, the individual tax rate cuts and the pass-through provision will expire in eight years. Trump acknowledged his landmark tax legislation on Saturday, adding that the new tax plan would not be for businesses.
The second is that Trump was being literal when he said officials are working on "putting in" a new tax package by November 1. "For middle income people".
Last night Trump rallied in Arizona following the statement from Saudi Arabia that Jamal Khashoggi was killed and their claim that there was a fight in the consulate.
"We weren't friends. I didn't like him and he didn't like me", he said of their initial relationship. We are looking at putting in a major tax cut for middle-income people.
Asked what evidence he had that they were "hardened criminals", Trump told a reporter: "Oh, please". He also acknowledged that some questions were left unanswered, but said he wanted to wait before commenting more on the issue until he had a chance to speak with bin Salman.