Trump Promises Major Middle-Class Tax Cut by November: Not Going to Happen

In response to a reporter's question, Trump outlined a "major tax cut" prior to November. It's not going to happen.

When asked, trump repeated the claim and the date.

That video is from October 20. Thus, Trump proposed a tax cut, or at least an outline of one, would happen in 11 days.

Made Up on the Fly

Not Going to Happen

  • For starters, Congress is in recess.
  • Second, top Republicans do not know what he is talking about.
  • Third, Trump claimed the last tax cut was for the middle class. Whether or not you agree with the tax cut, it definitely was not for the middle class.

What's It All About?

Politically speaking, the last tax cuts were a public relations disaster. Trump is smart enough to recognize that.

Inept Democrats failed to take advantage.

Instead, the Democrats wasted time on Kavanaugh and with Elizabeth Warren's ridiculous DNA scam that made her look incredibly foolish.

For every mistake Trump makes, Elizabeth Warren, Nancy Pelosi, or some other totally inept Democrat comes to the rescue.

If you are a Republican, you are laughing out loud.

Mike "Mish" Shedlock

Comments
No. 1-12
stillCJ
stillCJ

Editor

He didn't say November of what year.

douglascarey
douglascarey

"Whether or not you agree with the tax cut, it definitely was not for the middle class" Please elaborate. Nearly everybody saw their taxes go down.

Carlos_
Carlos_

This is %100 populist promises. Notice that he will not be able to pass this until after the election (if at all). This is no different than banana republic presidents promising free food and beer if you vote for them (Yes they promise and deliver such thing). And yes it is a populist promise unless you make cuts to account for the giveaway. Anyone who think this is MAGA really needs to get out more and see what happens with populist countries

Blacklisted
Blacklisted

Any tax cut is good. What's crazy is deficit spending and paying interest on money required to run the govt. A haircut is coming, at a minimum. Do it now and include debt-equity swaps and get on with it.

Since career politicians will NEVER admit a mistake or reform, sadly the needed changes must come after the forced reset. All we can hope for is a new Democracy grows from the ashes instead of a totalitarian hell, which the establishment thinks it can survive.

Thalamus
Thalamus

I think all taxes should be eliminated and let the interest paid to the Fed be enough to satisfy their costs. Government should live on a fixed 2% consumption tax (state and fed). Beyond that there's too much government.

Stories