Saturday, June 30, 2018

What this country needs is more corporate tax cuts

President Trump said in a television interview that a second round of tax cuts may include an additional reduction to the corporate tax rate, from 21 percent to 20 percent.

"One of the things we’re thinking about is bringing the 21 percent down to 20, and for the most part the rest of it will go right to the middle class," Trump told Maria Bartiromo in an interview that will air Sunday on Fox News Channel's "Sunday Morning Futures."

[...]

The 21 percent rate was higher than many Republicans had initially wanted, and Trump sought a 15 percent rate during his campaign. Earlier versions of the tax bill included a corporate rate of 20 percent.

  The Hill
Yeah, the Democrats got a great big 1% increase as a compromise deal. So much for deals with the GOP. If they didn't learn in 8 years of Obama's compromises, they're never going to learn.
While House Republicans intend to vote on a "phase two" of tax cuts this fall, it's unclear whether the Senate will follow suit. It's considered unlikely that the Senate would pass such a measure.

Trump said in the Fox News interview that action on the second phase would be "probably in October, maybe a little sooner."
Because when people go to the polls, they can only carry their most recent memories of what Congress and the President have done to them.

...but hey, do what you want...you will anyway.

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