Friday, September 13, 2019

Trump Plans Substantial Middle Class Tax Cut; Pelosi to OK It Only If Taxes Hiked on Wealthy

President Trump said yesterday that he plans to announce a middle class tax cut within the next year, The Hill website reports today (September 13, 2019).

"It will be a very substantial tax cut," Trump said at a Baltimore retreat with House Republicans.

Any tax proposal from the White House would face an uphill battle in Congress, with a House controlled by Democrats.

House Speaker Nancy Pelosi (D-Calif.) has indicated she would be open to middle class tax cuts, but only if they are offset by taxes on the wealthy.

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