President Trump is facing down an impeachment inquiry, fending off Democratic members seething to have him removed and yet he is still finding time to stand up for the American people and legislate a “major middle-income tax cut.”
The president repeatedly said he would be Making American Great Again and he is continuing to do so despite Democratic shenanigans.
“But 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, which was the largest in the history of our country,” Trump said during an event at the White House, the Western Journal reports.
“But we’re doing a major tax cut for the middle income, and that’ll be subject, obviously, to take — taking over the House, because Democrats like tax increases, not tax cuts,” he added.
The comments also come as several 2020 Democratic presidential candidates unveiled their own plans to increase taxes to afford multi-trillion spending plans including plans to pay off all student loans and to afford “Medicare for All.”
“And that’s one of the difficulties I have in Washington because I’ve taken on a lot of the establishment,” Trump continued per the report. “And a lot of the politicians are taken care of by the establishment, and they don’t like that I take on the establishment. But I’m taking it on for the consumer, for the American people.”
“And you haven’t seen anything yet. Things are going to happen that will be shocking. But there are people in Washington — as I say, there are people in the swamp that don’t like what I’m doing for that reason,” he said.
President Trump has teased the tax cuts before, saying he thought he could “bring it down still more,” the report notes.
Larry Kudlow, Trump’s National Economic Council director, shared Trump’s plan further, calling it “Tax Cuts 2.0.”
“We’re in very preliminary stages right now,” Kudlow reportedly told CNBC.
“This thing will not be completed for many months, as I say, it will be released as a strategic pro-growth document for the campaign. We want to see middle-income taxpayers get the lowest possible rates,” he said.
According to the Western Journal, the tax cut could be another 15 percent tax cut for the middle class but details of the plan have not yet been shared.