I recently did a post on a bad idea from Democratic Senator Harris of California ….
She probably has pitched this not for the upcoming midterms….
She was aiming for the 2020 Presidential race….
So I’m now seeing Donald Trump up with the same idea to be formally announced RIGHT BEFORE THE MIDERM election….
This idea is NOT a good one as I explained in the Harris tax post….
The country has a YUGE deficit partially because of the late 2017 tax cut…
There is virtually NO chance of this stunt….
But Trump biting Harris on this makes me smile….
Making an audacious pre-midterm promise, President Trump told reporters in Nevada on Saturday that he is working with Republican congressional leaders on “a very major tax cut for middle-income people,” to be announced in early November or just before.
One key quote: “We … are studying very deeply right now — ’round the clock — a major tax cut,” he said after a campaign rally in Elko. “Not for business at all — for middle-income people.”
Both the House and Senate are effectively out of session until the postelection lame-duck session, but if one were to take Trump at face value, he did point to “putting in” the tax legislation before then.
“Kevin Brady is working on it, Paul Ryan is working, we’re all working on it,” the president said, referring the to the House Ways and Means chairman and the speaker. “I would say sometime around the first of November, maybe a little before that.”
Trump emphasized that this round of tax cuts would be for middle-income individuals, not for businesses. The GOP-led House has already passed additional tax legislation, but none of those measures were considered by the Senate.
The House-passed bills include one that would make permanent the tax reductions in last year’s Republican tax overhaul. It was among September’s parting gifts for vulnerable GOP lawmakers ahead of this year’s midterm elections….