“When former President Donald Trump started proposing new tax cuts on the campaign trail, pledging ‘no taxes on tips’ in June, Republicans rallied around his idea. Even Vice President Kamala Harris, his Democratic rival, copied it,” the New York Times reports.
“Four months and half a dozen proposed tax cuts later, Republican lawmakers and aides on Capitol Hill, as well as some economists in touch with Mr. Trump’s campaign, are taking a more circumspect approach. Asked whether they supported Mr. Trump’s proposals, a typical response was: Let’s see after the election.”
“The caution is a sign that Mr. Trump’s ideas may be too expensive and outlandish for Republicans in Congress to embrace. The rest of the party had been focused on extending the 2017 tax cuts that Mr. Trump signed into law. Some of Mr. Trump’s recent proposals undercut changes that were made as part of that tax package.”
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