Trump's new tax cut plan is likely to come next year as the 2020 election season heats up, Rep. Kevin Brady said today
House Ways and Means ranking member Kevin Brady said Thursday that he doesn't expect any new tax cut proposals from White House officials this year, though one is likely to come as the 2020 election season heats up.
“I haven’t talked to them about any proposals this year but there will be a pro-growth agenda for the 2020 election that will include continued tax cuts,” the Texas Republican told reporters.The Washington Post reported earlier today that White House officials and Republicans on the Hill have started discussions about a tax cut and other plans to boost the economy.
There are currently seven rates, ranging from 10 percent to 37 percent. It's unclear if Trump would propose such a radical change, but any broad tax cut proposal would counter Democratic candidates who have proposed a range of tax increases, mostly targeting the rich and corporations. However, it could also pose a risk, since polls showed the 2017 overhaul, which sharply cut individual and corporate tax rates, never caught on with a majority of voters. Moreover, Democrats constantly pounded it as a giveaway to the rich, which
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