White House working on additional 10% tax cut for middle-income workers

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WASHINGTON-U.S. President Donald Trump, speaking to reporters at the White House as he left on a campaign trip to Texas, said on October 22 his administration planned to produce a resolution within two weeks calling for a 10 percent tax cut for middle-income people.

"But no decision has been made", the Post added, "and for the most part, lawmakers and senior administration officials are trying to temper expectations and deflect questions over a tax plan that, as of now, exists only in the president's telling".

"It is not clear to me if there are going to be "pay-fors" for this", said Mark Mazur, director of the Tax Policy Center.

Trump's move in this regard is seen as an effort to woo the voters ahead of the important mid-term elections. The Senate had no immediate plans to take those bills up.

Trump first floated the middle-class tax plan on Saturday after a rally in Elko, Nevada, which caught Republican lawmakers off guard.

'Now because of the fact that the economy is doing so well, ' we feel it's possible, the president explained Tuesday a bill signing in the Oval Office.

At this point, it was probably getting hard for most reporters and economists not to slam their heads into the nearest blunt surface and bellow that Congress won't be in session next week and unless the president is hedging his bill on Republican ghosts, there won't be anybody to vote on the bill. That's why our job numbers you hear all of the time when I speak, we have the best numbers, literally, we've ever had, ' he said.

Then at the White House on Tuesday, when asked about it, Trump offered another back pedal: "We'll start the work sometime after the midterms". The Senate hasn't shown any interest so far in taking up the House tax bill.

US House Ways and Means committee chairman Kevin Brady and Trump are teaming up again.

President Trump said his administration and the Republican Party are working to introduce a major tax cut for middle-class Americans around the beginning of November. It's going to be put in next year.

Last year's tax law slashed income tax rates, with top earners seeing a cut to 37 percent from 39.6 percent.

After Donald Trump boasted of a surprise middle-class tax cut, his allies in the White House and Congress scrambled to make the lie seem real.

Republicans said workers would eventually benefit from corporate tax changes that spur capital investment and increase productivity over a period of years. "We've been working on it for a few months".

With polls showing Americans are more likely to disapprove of the tax law than to approve of it, GOP candidates have been changing the subject to other issues like immigration and health care.

"Republicans are realizing they have to do more to help the middle class".

Congress temporarily cut the payroll tax by two percentage points under President Barack Obama in 2011 and 2012.

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