How Graham Platner's Campaign Is Trying to Do Damage Control After Nazi Tattoo...
Even CNN Is Calling Out Dems Over This Lie About Trump's White House...
Is This the Most Insane Reaction to President Trump's East Wing Project
LOL: The White House Did Not Include *This* on Their Website. It's Classic...
Bernie Sanders Just Broke With His Party Over This Trump Policy
Oh, Look Who Donated to Trump's White House Renovation Project
When There Are No Words: Hundreds Honor Teen Who Gave Life After Losing...
What Could Go Wrong? Scientists May Have Found a Real-Life Jurassic Park Starter...
Democrats Scraping the Bottom of the Barrel for Candidates
Trump Administration Fires Back at Hillary Clinton Over White House Ballroom Renovations
The Empire Strikes Back: Trump vs Venezuela, Columbia, Antifa, and Illegals
What Charlie Kirk Understood About America’s Lost Youth
Abigail Spanberger, As Governor, You’re Supposed to Make Decisions
While Washington Imports Price Controls, China Imports Our Future
Kentucky Waste Industry Mogul Promises to 'Take Out the Trash' in Washington DC
Tipsheet

Is President Trump About to Push for Another Tax Cut?

(AP Photo/John Bazemore)

After passing the Tax Cuts and Jobs Act of 2017, President Trump has repeatedly hinted he will push for an additional middle class tax cut before 2020. 

In recent months, White House Senior Economic Advisor and Director of the National Economic Council Larry Kudlow has said President Trump is interested in allowing workers to keep more of their hard earned paychecks and has been meeting with Republicans on Capitol Hill about how to get something done. 

Advertisement

"We will gather together the best ideas from the Hill, the administration and outside folks to provide a significant new round of middle class tax relief,” Kudlow told reporters in September.

Now, it looks like a new tax cut proposal could be coming soon. 

"It is time for Trump, in my opinion, to call for a second tax cut in his second term," Heritage Foundation Senior Fellow Steve Moore said during an interview with Fox and Friends Monday morning. "One of the central features of that would be a universal savings account. So, people with incomes say up to $150,000 would be able to save up to $10,000 per year...without having to pay tax on that money. What I think is very attractive to that is we know American middle class people aren't saving enough. Lets give them a little bit incentive to do that and put more money into their retirement accounts and be prepared for economic uncertainty."

Advertisement

Moore also argued the tax rate for the middle class should be lowered from 22 percent to 15 percent. 

"The whole idea here is how do we help middle class people keep more of their own money," Moore said. "That has a big chance of being part of the Trump 2.0 tax plan."

Join the conversation as a VIP Member

Recommended

Trending on Townhall Videos

Advertisement
Advertisement
Advertisement