President Trump reveals he’s planning a ‘very major tax cut for middle-income people’ that’s not for businesses and it could roll out as soon as November
US President Donald Trump revealed a new tax plan was coming November as he prepared to board Air Force One after a rally in Elko, Nevada on Saturday
Businessman-turned-politician said the move is not to benefit business owners
Kevin Brady and Paul Ryan are working on a ‘major tax cut for middle-income people who need it’
By LEAH SIMPSON
DAILYMAIL.COM
21 October 2018
US President Donald Trump says he could roll out a huge tax cut for middle-income earners before the November 6 elections.
The 72-year-old revealed the plan Saturday as he prepared to board Air Force One after a rally in Elko, Nevada.
But the businessman-turned-politician says the move is not to benefit fellow business owners necessarily.
Instead the changes are designed to help out those with a more modest salary.
‘We are going to be putting in and are studying very deeply right now, around the clock a major tax cut for middle-income people,’ Trump told reporters. ‘Not for business at all. For middle-income people.’
In December, Trump signed the biggest tax overhaul since the 1980s into law. It saw the corporate rate reduced from 35 percent to 21 percent.
It was also a temporary relief for most individual taxpayers.
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