The New Exchange

You are not logged in. Would you like to login or register?

12/19/2018 6:52 am  #1

Tax Cut? What Tax Cut?

Mnuchin Backs Off Trump's Promise of 10% Middle-Class Tax Cut

By Laura Davison
December 18, 2018, 3:35 PM EST

 Tax focus will be on technical fixes, Treasury secretary says
 Trump floated idea of middle-class relief before elections

The Trump administration is setting aside a middle-class tax cut and planning to focus its tax efforts next year on fixing mistakes in the 2017 overhaul, according to Treasury Secretary Steven Mnuchin.

Mnuchin said he’s hoping to work with Congress on “some minor technical corrections” to the law, such as a drafting error that denies retailers and restaurants a tax break when they make renovations. He downplayed the prospect of the middle-class tax cut that Trump campaigned on in the days leading up to the midterm elections.

We live in a time in which decent and otherwise sensible people are surrendering too easily to the hectoring of morons or extremists. 

12/19/2018 11:11 am  #2

Re: Tax Cut? What Tax Cut?

Like we haven't upped the deficit enough ???   

"Do not confuse motion and progress, A rocking horse keeps moving but does not make any progress"

Board footera


Powered by Boardhost. Create a Free Forum