Trump May Propose Middle Class Tax Cut

“Donald Trump has indicated to advisers he is keen on a new middle-class tax cut should he return to the White House, two people familiar with the discussions said, an initiative that could appeal to voters but could also worsen America’s yawning budget deficit,” Reuters reports.

“Among the ideas that advisers have presented to the former president is a cut to the federal payroll tax, a move that could lower the flow of money into the Social Security and Medicare trust funds and open Trump to criticism from Democrats that he is torpedoing the safety net for elderly Americans.”