Middle America was thrilled to hear President Donald Trump’s announcement of a much needed tax break this week.
It’s always nice for the working family to keep a little more of their own hard-earned money. Businesses were thrilled to hear the news, too. The Trump administration has already made vast improvements within our country’s economy in just a year and a half. Just take a look at job growth.
Trump was so successful with his first round of middle class tax cuts that he thought it was a good idea to do it again.
At Ted Cruz’s ginormous rally in Houston, Texas, this past week, President Trump told the crowd of his new tax plan, which is currently in the works.
“We’re going to be putting in a 10 percent tax cut for middle-income families,” he told the crowd.
The president said he has been working on it for a few months with Rep. Kevin Brady, R-Texas, chairman of the House Ways and Means Committee, and it will be introduced next year.
As expected, those gathered at Toyota Center roared with applause after hearing Trump’s proposal.
Just before midterm elections, Pres. Trump says he'll propose cutting middle class taxes 10 percent. "That is in addition to the big tax cuts that you've already gotten." https://t.co/lUHwbc8BMe pic.twitter.com/k23R3JLGTv
— ABC News (@ABC) October 23, 2018
Market Watch had more on the matter:
New tax cuts floated by Donald Trump are in the “planning stage,” the head of the White House National Economic Council said Tuesday, a day after the president told reporters the administration would put in a “resolution” in the next week or two.
Speaking on Fox News, NEC chief Larry Kudlow said, “we’re going to try to work out some of the details on his proposal for a 10% middle-class tax cut.”
During a Fox News interview on Tuesday morning, Kudlow said, “I think the president wants to message this policy ahead of the election.” While talking to journalists outside the White House, Kudlow went on to explain that he feels that the stock market is concerned that Congress will overturn the President’s “pro-growth policies”, as reported by a CNBC reporter. “The so-called correction…has to overcome the uncertainty of this election,” he continued.
President Trump is doing everything in his power to gain back the middle class. Why is the liberal left fighting him at every turn? The answer is simple. They want to eliminate the middle class.