President Trump is reviving last year's promise to slash taxes for America's middle class as he seeks to bolster his reelection bid against Democratic pledges to help people dealing with student loan debt and oversized medical bills
Speaking in Baltimore on Thursday night, Trump promised -- yet again -- his administration would announce new tax cuts next year, claiming they would be"very, very substantial," without offering any more details."We're working on a tax cut for the middle-income people that is going to be very, very inspirational," said Trump, who took the stage at the exact time Democratic presidential candidates were lining up in Houston for their third debate.
Since August, the Trump administration has been wrestling with how to recession-proof the US economy, swinging from one idea to the next even as it has brushed off any fears of a looming recession that may be ill timed as voters head to the polls in November 2020.Senior White House officials have looked at a range of proposals to keep the US economy moving, everything from giving workers a pay bump by cutting payroll taxes to cutting capital gains taxes for investors.
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