Tuesday, November 12, 2019 |
Tag Cloud Tags:
Congress,
deficit,
Economy,
News,
tax,
Trump,
Washington,
White House,
Worthy News |
Learn about our FREE SYNDICATION Service |
Sign up for our Worthy Briefs!
(Worthy News) – As the economy cools less than a year ahead of President Donald Trump’s re-election bid, White House advisers are narrowing in on a tax cut proposal that could shore up support from the middle class.
The Washington Post reported Tuesday that a 15% tax rate for middle earners could be included in such a proposal, according to unnamed sources involved in the deliberations. Asked to confirm that report, a White House spokesperson told Business Insider the administration is “studying numerous proposals that will benefit the middle class.”
Another round of tax cuts would face an uncertain path in Congress but could serve as a key campaign message for the president. The Tax Cuts and Jobs Act passed in 2017 was met with sharp backlash because it heavily benefited corporations and was expected to add trillions to the federal deficit. [ Source: Business Insider (Read More…) ]
We're being CENSORED ... HELP get the WORD OUT! SHARE!!!
Fair Use Notice:This site contains copyrighted material the use of which has not always been specifically authorized by the copyright owner. We are making such material available in our efforts to advance understanding of environmental, political, human rights, economic, democracy, scientific, and social justice issues, etc. We believe this constitutes a 'fair use' of any such copyrighted material as provided for in section 107 of the US Copyright Law. In accordance with Title 17 U.S.C. Section 107, the material on this site is distributed without profit to those who have expressed a prior interest in receiving the included information for research and educational purposes. For more information go to: http://www.law.cornell.edu/uscode/17/107.shtml. If you wish to use copyrighted material from this site for purposes of your own that go beyond 'fair use', you must obtain permission from the copyright owner.
