Washington – President Donald Trump says he wants to push a new middle-income tax cut through Congress after the midterm elections.
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Trump says he’s looking to cut middle-income taxes about 10 percent after signing a tax bill last year.
He tells reporters as he left the White House for a Texas rally that “we’re doing it now for middle-income people. This is not for business. This is for middle.”
Trump said over the weekend that he hoped to move forward with the plan “sometime around” or before Nov. 1.
But Congress is currently out of session as lawmakers campaign for the Nov. 6 election.
Liar trumpf said on TV he wants the tax cut from Congress ‘before November.’ But Congress is recessed thru the mid-term election which trumpf knows. So this garbage promise is just that – garbage. Another hot air promise from trumpf.
Despite my hyper friends assertion most frum families gained from the tax deal.
Most young frum families , don’t own homes so no loss by the new SALT limit .
By the time they do own a home they are earning 150k + ( or you can’t get a mortgage ) and they have a few kids . If you combine the 2k credit per child with the 3% tax rate cut you walk out ahead even with limited SALT
If you are 65 and have no mortgage your itemized deductions are low and despite the limit in the SALT deduction you gain from the standard deduction being higher
There is a small sliver of those with no kids under 18 yet they have mortgages who loose from the deal .
Now my hyper friend will try to use emotions and find tnat One guy who lost but the Devil is in the numbers
Liberals don’t want a tax cut if they can’t take credit for it. And if credit goes to Trump for sure they are against it.