Posted on 10/31/2018 2:57:45 PM PDT by E. Pluribus Unum
The White House and Republican members of the House committee responsible for tax policy promised Wednesday to work on a 10 percent middle-class tax cut in the next Congress.
“We are not done yet,” the Trump administration and the House Ways and Means Committee Republicans said in an unusual joint statement. “We are committed to delivering an additional 10 percent tax cut to middle-class workers across the country. And we intend to take swift action on this legislation at the start of the 116th Congress.”
The joint statement follows previous middle-class tax cut promises from President Trump that took his own party by surprise. Details of the promised 10 percent tax cut for the middle class remain scarce, if they exist.
Trump previously promised to enact the cuts prior to the midterm elections, an impossibility without Congress in session.
Preliminary estimates for a 10 percent tax cut aimed at the middle class are that it would cut federal government revenue by about $2 trillion over 10 years.
Last year's tax law has not been as popular as Republicans hoped it would be. House Republicans advanced legislation to make those cuts permanent in September, but the bill has yet to be considered in the Senate.
(Excerpt) Read more at washingtonexaminer.com ...
GOOOD!
now we have to hold them to it!
smile smile
I sure hope they cut my taxes next year.
The last tax cut raised my tax obligation.
Well they raised my taxes in the last “tax cut for everyone”. Now they will probably pay for this tax cut with raising my taxes again. I’m sick of subsidizing everyone else. Not rich enough to get avoid taxes and not poor enough to get the tax cuts.
Me too!
But I found out what I need to do to lower them...and it sucks ass.
You need to run business that makes money every 2 out of 5 years. So now I have to track all my expenses and do a bunch of extra work just so I can keep more of my money.
Pay for the taxes by cutting the “social services” budget.
So what is “middle class” now a days..
Stop posting negative stuff newbie troll.
"Congress is not empowered to tax for those purposes which are within the exclusive province of the States."—Justice John Marshall, Gibbons v. Ogden, 1824.
"The smart crooks long ago figured out that getting themselves elected to federal office to make unconstitutional tax laws to fill their pockets is a much easier way to make a living than robbing banks." —me
"Federal career lawmakers probably laugh all the way to the bank to deposit bribes for putting loopholes for the rich and corporations in tax appropriations laws, Congress actually not having the express constitutional authority to make most laws where domestic policy is concerned. Such laws are based on stolen state powers and uniquely associated stolen state revenues." —me
And to see even more federal tax cuts and make them permanent, including Pres. Trump’s vision for MAGA, patriots need to support Trump in working with Congress to lead the states to repeal the 16th and ill-conceived 17th Amendments.
He needs to publicly point out several ineffective and expensive government programs and say “By eliminating this and this, we can save the middle class X amount every year. What do you think?”
“And these are the Congressmen who have sworn to do this.”
Where is the spending cut?
Me as well.
Agreed. 10% spending cut would go a long way. Even 1% is a start but NO ONE is talking about cutting spending. In the words of our president: SAD.
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