As President Donald Trump continues to defend himself against accusations of wrongdoing in the very public and ongoing impeachment investigation, he made an an announcement on Friday that largely went unnoticed by the mainstream media, but one that would have a tremendous impact on middle-income Americans.
According to the Washington Examiner, Trump announced that should Republicans win back the House of Representatives in 2020, he would work directly with them to pass a massive middle-income tax cut.
“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.
Trump pointed out that he’d like to do it before then, but that House Democrats aren’t fans of cutting taxes, so it’ll have to wait until the GOP wins back a majority, which is at the top of the priority list for Republicans.
“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,” Trump said during an event on health care.
The announcement echoes recent news from economic adviser Larry Kudlow that the administration was working on a new tax-cut plan.
With less than one year until the 2020 presidential election, Trump’s top economic advisor Larry Kudlow hinted yesterday at a middle class tax cut, aka “Tax Cuts 2.0.” https://t.co/r1mGBiw89R pic.twitter.com/LC707I9osE
— CNBC (@CNBC) November 13, 2019
The GOP needs to flip a number of seats in the 2020 election in order to take back control of the House, which they lost in 2018. A number of challenges exist in that effort, including those posed by a growing list of retiring GOP lawmakers. The current count of GOP lawmakers who have announced their retirement from Congress currently stands at 20.