President Trump announced on Friday that he’s planning legislation for a middle-income tax cut if the Republican Party wins back the House of Representatives.
“We’re going to be doing a very major middle-income tax cut, mostly devoted to middle income, who have really been big beneficiaries of the tax cut we did [in 2017], which was the largest in the history of our country,” Trump said during an event on healthcare.
“But we’re doing a major tax cut for the middle income, and that’ll be subject obviously to taking over the House because the Democrats like tax increases, not tax cuts,” he said.
On Tuesday, the president’s top economic adviser, Larry Kudlow, also suggested that the administration was weighing options for tax cuts.
Trump said before the 2018 midterm elections that he would work toward a middle-class tax cut in an effort to prop up congressional Republicans, but the GOP lost the House.
