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Re: conix post# 291953

Sunday, 10/21/2018 9:34:21 PM

Sunday, October 21, 2018 9:34:21 PM

Post# of 494024
For lower taxes (except for a need for a one higher tax bracket for the very wealthy).

Exactly what do you consider to be "very wealthy"? Be specific.

So your idiot liar in chief just promised his cult yesterday that he was going to lower taxes before the November election for the ever-shrinking middle class. Naturally, the no-nothing psychopath doesn't realize Congress is out of session and it isn't possible. How much has the GOP tax scam saved you personally? Does it bother you that the president you voted for and will again doesn't know what the hell he's talking about? EVER!

Trump's Pre-Election Tax-Cut Promise Leaves GOP Leaders Baffled

President Donald Trump has promised a new middle-income tax cut plan to land days before the midterm election, a move aimed at boosting his party’s chances of holding its Congressional majorities -- yet Republican tax policy-makers know nothing about it.

Party leaders were caught off-guard by Trump’s comments, made Saturday after a rally in Nevada, that “we’re looking at a major tax cut for middle income people,” and that House Republicans, including Speaker Paul Ryan, are working on a possible bill.


......“We’re looking at a major tax cut for middle-income people,” the president told reporters on Saturday after a rally in Elko, Nevada -- the final leg of a three-state swing through the West to bolster support for Republican House, Senate and gubernatorial candidates. “Not for business at all; for middle-income people.”

Deficit Blowout
The 2017 overhaul has been criticized for mainly benefiting the wealthy and corporations and also for increasing the federal budget deficit. It’s possible that a second round of tax cuts could face resistance from some Republicans concerned about increasing the deficit even further.

........Faced with the rising deficit, Trump this week told his Cabinet that each federal agency needed to trim its budget by 5 percent

........Trump said on Saturday that Ryan and Representative Kevin Brady, chairman of the House Ways and Means Committee, were working on the possible legislation.

He added that the plan could be announced as soon as Nov. 1, days before the Nov. 6 elections that will decide the control of Congress. Mnuchin said, “We hope to have something soon.”

........Trump isn’t the only politician thinking about taxes. Senator Kamala Harris, a California Democrat seen as a possible 2020 presidential candidate, has proposed repealing the 2017 tax law and replacing it with a tax credit or direct payment to middle-class and poor individuals and families.
https://www.bloomberg.com/news/articles/2018-10-20/trump-says-new-tax-cut-plan-may-come-days-before-november-vote


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