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You are here: Home / Budget & Taxes / Trump Again Pledges a New Tax Cut

Trump Again Pledges a New Tax Cut

October 22, 2018 at 5:02 pm EDT By Taegan Goddard Leave a Comment

President Trump repeated his unsubstantiated claim that Republicans plan to unveil a middle class tax cut before the midterm elections a little over two weeks away, CNBC reports.

Said Trump: “We’re putting in a resolution some time in the next week and a half to two weeks and we’re giving a middle income tax reduction of about 10 percent. This is not for business, this is for middle income, and that’s on top of the tax decrease that we’ve already given them.”

With Congress in recess, Trump dismissed the idea that he would try to use an executive order: “No, I’m going through Congress. We won’t have time to do the vote. We’ll do the vote after the election.”

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Filed Under: Budget & Taxes


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About Political Wire

goddard-bw-snapshotTaegan Goddard is the founder of Political Wire, one of the earliest and most influential political web sites. He also runs Political Job Hunt, Electoral Vote Map and the Political Dictionary.

Goddard spent more than a decade as managing director and chief operating officer of a prominent investment firm in New York City. Previously, he was a policy adviser to a U.S. Senator and Governor.

Goddard is also co-author of You Won - Now What? (Scribner, 1998), a political management book hailed by prominent journalists and politicians from both parties. In addition, Goddard's essays on politics and public policy have appeared in dozens of newspapers across the country.

Goddard earned degrees from Vassar College and Harvard University. He lives in New York with his wife and three sons.

Goddard is the owner of Goddard Media LLC.

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