President Trump “said he wanted to further lower the corporate tax rate, from 21% to 20%, as part of a second round of tax cuts later this year,” the Washington Post reports.

“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.”

Said Trump: “One of the things we’re 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. It’s a great stimulus.”

“The deficit, it’s coming down and it’s coming down rapidly.”

— White House economic adviser Larry Kudlow, on Fox News Business, claiming something that everyone knows is not true.

A new Politico/Morning Consult poll finds “public support for the recent tax overhaul plunged in the past two months, as more voters became ambivalent about it.”

“Just 37% of registered voters said they supported the tax-cut laden law, down from 44% in an April poll… Even among Republicans, support for the law dropped to 70%, from 80% in April.”

A new CBO reports says the national debt “is on track to nearly double as a share of the economy over the next 30 years,” NBC News reports.

“Federal debt is currently equivalent to 78 percent of the country’s annual Gross Domestic Product, with the report estimating it will rise to 100 percent of GDP by 2030 and 152 percent by 2048. The share of debt would surpass records set in the World War II era.”

A new Public Policy Polling survey finds that six months after the passage of tax reform, it’s still not really catching on with voters. Just 31% support it to 38% who are opposed, with 30% not sure one way or the other.

“The core problem for Republicans with tax reform is that voters continue to be skeptical it’s actually going to help them on a personal level. Just 30% say they think it will help their family’s finances, to 33% who think it will hurt, and 25% who don’t think it will have an impact either way.”

Also interesting: “51% think it will mostly benefit the rich to 30% for the middle class, and just 7% for the poor.”

“Residents of some blue states may get a surprisingly big tax cut thanks to workarounds state lawmakers are crafting to subvert a controversial new cap on deductions for state and local taxes,” Politico reports.

“It’s a little noticed and unexpected dynamic in the partisan battle over the recent tax overhaul. The new SALT cap has been one of the biggest flashpoints, with Democrats from high-tax states complaining they were targeted by congressional Republicans.”

“Now, months after the law passed, Republicans are having trouble convincing voters that they’re really going to benefit from the cuts the law enacted. Meanwhile, lawmakers in blue states are magnifying the cuts with their workarounds.”

“The Congressional Budget Office estimates the government will take in $1.9 trillion less in revenue and spend $300 billion more over the next decade than the White House estimated under its latest budget proposal if the plan were enacted,” the Wall Street Journal reports.

“Deficits would total $9.5 trillion over the coming decade, or $2.3 trillion more than the White House estimates.”

A new Greenberg Quinlan Rosner (D) poll finds the popularity of the new tax law has dropped into net negatives, currently opposed by a 50% to 41% margin.