Trump wants to boost the reduction of taxes to the average income through the Congress
Trump wants to boost the reduction of taxes to the average income through the Congress
President Donald Trump says he wants to push a new tax cut to the average income in Congress after the medium term choices, although it is not offering details about the plan.
Trump said Monday he is looking to cut taxes about 10 percent for middle-income people. The proposal follows the massive tax law that Republicans developed in Congress late last year and Trump signed as his main legislative achievement.
With the midterm elections in two weeks, the polls have shown only lukewarm support among voters for that package of individual and corporate tax cuts that went into effect on January 1. It provides abrupt tax cuts for corporations and wealthier Americans, and more modest reductions for the medium term. - and low-income people and families.
Trump, leaving the White House For a campaign rally in Texas, he told reporters, "We're doing it now for middle-income people, this is not for business, this is for the middle."
In approaching both the critical elections, the proposal appeared to be a tacit acknowledgment by the Trump administration that the $ 1.5 trillion tax cuts package did not achieve the political traction that Republicans had expected.
"This is just a political exercise," said Steven Rosenthal, a senior fellow at the Urban-Brookings Nonpartisan Fiscal Policy Center. "Republicans are realizing that they have to do more to help the middle class."
The lukewarm response to the tax law prompted Republican lawmakers to accelerate new legislation through the House in September, while rushing to confront voters to expand the tax law. The new bill would make permanent the individual and small business tax cuts in the law. The prospects for legislation in the Senate were weak.
Over the weekend, Trump said he hoped to move forward with the plan "sometime" or before November 1. But Congress is currently out of session as legislators for the November 6 elections.
"We're going to put a resolution sometime next week or a week and a half, two weeks," Trump said Monday.
The proposed tax reduction could be included in a continuous resolution to finance the government in the short term. About 25 percent of federal spending has not yet been approved for the remainder of the fiscal year, so, theoretically, it would be possible to make new tax cuts at the duck session. Lawmakers, however, already have a heavy agenda for the session.
Some Republican lawmakers hope to pass a budget resolution during the session, allowing legislation to be passed by a simple majority in the House of Representatives and the Senate, as happened with tax legislation last year.
It is said that the details of the new plan will come later. It was not immediately clear, for example, how the administration proposed to compensate for the loss of income from a broad tax reduction.
"It's not clear to me if there will be 'payments' for this," said Mark Mazur, director of the Center for Tax Policy. "Because the federal budget deficit is approaching $ 1 trillion per year, there may be some concern about adding it indefinitely."
If there are "payments for payment," that could hinder passage to Congress, Mazur said.
Nicole Kaeding, director of federal projects at the Conservative Tax Foundation, noted that significant tax cuts have been made in the duck sessions. The tax cuts enacted during the term of President George W. Bush extended in 2012 during the administration of Barack Obama, for example.
Without details of the new plan, "it's hard to know what exactly the president has in mind," Kaeding said.
Senator Ron Wyden of Oregon, the top Democrat on the Senate Finance Committee who writes the taxes, called Trump's statements "empty rhetoric" and "an admission ... that his tax legislation only helps corporations and the class of donors. "
"The middle class will be directly aware of this scam just as it did with Trump's unfulfilled promise to deliver $ 4,000 salary increases" according to the tax law, Wyden said in a statement.
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The Associated Press writer, Matthew Daly, contributed to this report.
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