Skip to comments.Trump wants second round of tax cuts this year
Posted on 06/29/2018 6:38:34 PM PDT by Libloather
WASHINGTON President Donald Trump on Friday said he wanted to further lower the corporate tax rate, from 21 percent to 20 percent, as part of a second round of tax cuts later this year.
Trump, in an interview with Fox News to mark the six-month anniversary of the $1.5 trillion tax cut law Republicans passed last year, said other parts of the new tax plan would be tailored to the middle class.
One of the things were thinking about is bringing the 21 percent down to 20 and for the most part, the rest of it will go right to the middle class, Trump said. Its a great stimulus.
Trump said the tax plan would be ready by October, maybe a little sooner than that.
(Excerpt) Read more at mercurynews.com ...
This is it! Evil corporations! Crumbs even! Trump’s 2020 poll numbers will tank now, I tell ya!
No Finish Line!
And while we’re at it, make charitable contribution 100% deductible for all taxpayers...don’t include them as part of the “standard deduction”. And no phase-out for higher income taxpayers, either.
The “Obama economy” will really take off then.
Can’t the Congress once and for all repeal ALL of 0bamacare?
That is choking the middle class far more than Federal tax rates - as it was designed to do incidentally.
The ACA is no gift to the American people. It is an unconstitutional, intrusive, expensive monstrosity that needs to go.
Don’t get me wrong, I’ll take the tax cut.
If they were just crumbs, why was Pelosi so opposed to giving them? How much of a tax cut was in her plan?
LOL....Trump doesn’t even let the dims catch their breath. I am so loving this Real president.
Permanent cuts are a far bigger deal than the cut from 21% to 20%, but killing ObamaCare would be an even bigger deal. I want every vestige of Obama’s destructive legacy dead, beheaded with its mouth full of garlic, and with a stake of holly driven through the ACA’s heart. Then replace the remaining far-left fringe Justices on our Supreme Court!
Trump must have read my post today..... : )
This video needs to be seen by all. A man praising President Trump and all that he’s doing for the American people:
“Cant the Congress once and for all repeal ALL of 0bamacare?”
Doesn’t Trump have 3 new plans coming out in the next couple of weeks?
I don’t know.
Hopefully more progress will be made in that area.
Full story is somewhat positive (or at least neutral) without the usual counterclaims from Nancy and Chuck about women and minorities hit hardest.
But with the following bit of (I think) fake news below the middle of the story:
“Public opinion polls show the majority of Americans still view the tax cuts relatively negatively, with many believing the wealthy and corporations were the biggest recipients.”
I don’t know if the Dems can survive much more of this onslaught, heh.
And move Employee Business Expenses and Investment Expenses To above the line deductions. In full, no 2% BS. They are expenses attributable to income that is fully taxed, so they should be fully deductible, Itemizer or not
Tax return prep fees as well.
Is there anyone left on this site who cares about what making these cuts permanent does to the projected deficit?
Obsessing about the deficit is what gave us the infamous Byrd Amendment requiring that any tax changes be "revenue neutral"....in other words, a repudiation of Reaganomics.
It absolutely sucks in a slave state like NJ where we will never see it.
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