Trump Promises New, 10 Percent Tax Cut for Middle Class

By Susan Jones | October 23, 2018 | 6:04am EDT
President Donald Trump campaigns in Houston, Texas on Monday. (Photo: Screen capture/C-SPAN)

(CNSNews.com) - As Democrats pound Republicans for cutting taxes, promising instead to raise them on the "wealthy" -- President Donald Trump is promising even more tax cuts, geared this time to the middle class.

At an energetic rally in Houston Monday night, President Trump praised Sen. Ted Cruz for "leading the charge in Congress for more tax cuts."

The president also called out Rep. Kevin Brady (R-Texas) by name several times, crediting him with "working on" a ten-percent tax cut:

"By the way, how good is Kevin Brady?" Trump asked the cheering crowd:

We're going to be putting in a 10 percent tax cut for middle income families. It's going to be put in next quarter. Ten percent tax cut. Kevin Brady is working on it. We've been working on it for a few months. Ten percent, brand new. And that is in addition to the big tax cuts that you've already gotten.

But this one is for middle income. No business. Business is now good. They're coming back, the jobs are coming back. Plants and factories are coming back like never before. They're all coming back.

This is for middle income people. All middle income people, a big tax cut. Ten percent -- we'll be putting it in next quarter.

Trump told the crowd that Democrats want to raise taxes, not cut them.

Speaking at an event on Monday, House Minority Leader Nancy Pelosi (R-Calif.) again complained about the Republican tax cut, where "83 percent of the benefits went to the top one percent, a big corporate tax cut," she said.

The Trump administration cut taxes to encourage the return of businesses that fled overseas for better tax treatment during the Obama years.



This past May, Pelosi said it is "accurate" that Democrats want to "revisit tax legislation."

And they are campaigning on a promise to lower health care costs -- "by reducing the cost of prescription drugs," Pelosi said on Monday.

"Understand that the healthcare issue is not just a healthcare issue, it's a financially - a financial health issue. It affects people's economic wellbeing. And that across the country is a very big issue," Pelosi said.

CNSNews Reader,

The liberal media are terrified of the truth, especially when it leads to uncomfortable questions about their own leftist worldview.

CNSNews covers the stories that the liberal media are afraid to touch. It drives the national debate through real, honest journalism — not by misrepresenting or ignoring the facts.

CNSNews relies on the support of our loyal readers to keep providing the news and commentary that matter to the American people, not just stories that prop up the liberal agenda.

Make a donation today. Just $15 a month would make a tremendous impact and enable us to keeping shining the light where the liberal media are afraid to tread.

— The CNSNews Team

DONATE

Connect

Sign up for our CNSNews.com E-Brief to receive the latest news.