Hey guys, remember during the Great 2018 Pie Fight when Lord Dampnut was chasing phantom caravans in the desert heading to the southern border (with the US military deployed in what was probably an illegal stunt never to be prosecuted)? And remember how he was bleating and braying on and on about middle class tax cuts?
“President Donald Trump’s long-promised “Tax Cuts 2.0” plan will be released in September, with a 10% cut for middle-income taxpayers under discussion, a top White House official said today. “In a meeting in the Oval, I guess two days ago, he looked at me and he said, ‘Let’s get it out by September,” National Economic Council director Larry Kudlow told Fox Business Network. “We’d love to have a 10% middle-class tax cut, and we would love to strengthen and make permanent some…other tax cuts.” “It will come out sometime in September,” he said.
Stung by criticism their 2017 tax overhaul didn’t do enough for average Americans, Republicans have been raising the prospect of another round of tax cuts for almost two years. Among the ideas that have been under consideration is what the administration envisions as a 15 percent tax rate on the middle class, though it’s unclear how that would work.
Trump first raised the possibility of a “Phase Two” tax cut in March 2018.
If I were in the military, I’d be stocking up on sunscreen.