U.S. President Donald Trump said the administration was studying a tax cut for middle-income earners that could be rolled out some time around the beginning of November, just before pivotal congressional elections.
Trump mentioned the proposed tax cut in the same week the U.S. government ended the 2018 fiscal year with a $779 billion deficit, the Treasury Department said on Monday, as previous Republican-led tax cuts squeezed revenues. The deficit figure was the highest in six years.
“We’re looking at putting in a very major tax cut for middle-income people,” Trump told reporters before boarding Air Force One following a rally in Elko, Nevada.
When asked about timing for the unveiling of the tax cuts, Trump said “sometime around the first of November, maybe a little before.”
Americans will vote Nov. 6 in elections in which Trump’s fellow Republicans will try to hold on to their majorities in the Senate and House of Representatives.
The median household income in the United States was about $55,000 in 2016, according to the U.S. Census Bureau.
In December, Trump signed into law the largest tax overhaul since the 1980s, which slashed the corporate rate from 35 percent to 21 percent and temporarily reduced the tax burden for most individuals as well.
The administration is beginning to pull together plans for the president’s fiscal 2020 budget proposal, which Trump will present to Congress early next year.
Trump praises lawmaker who assaulted reporter
On Wednesday Trump told his Cabinet to come up with proposals to cut spending by their agencies by 5 percent but he suggested the military would be largely spared.
Reporting by Jeff Mason in Elko, Nevada; Editing by Bill Trott
Jeffrey Epstein’s IT consultant reveals he saw girls who ‘couldn’t have more than 15 or 16’ on private island
ABC News broke a story just after midnight Thursday about a former IT consultant of Jeffrey Epstein's who resigned because he couldn't take some of the things he was seeing on Epstein's private island compound.
The island, which has been called "pedophile island" by locals, had "topless women everywhere.
"There were photos of topless women everywhere," said contractor Steve Scully, who began working for Epstein in 1999 and continued for six years. "On his desk, in his office, in his bedroom."
Stephen Colbert mocks Eric Trump in a way that must be seen to be believed
Stephen Colbert mocked Eric Trump so badly it has to be seen to be believed.
The moment came after Colbert played a clip of the young Trump child saying that 95 percent of the United States supports him, the camera cut to Colbert doing his Eric impression.
"I've got big gums, and I cannot lie," Colbert said.
"Yeah, 95, guys, I'm tellin' ya," Colbert said, pretending to be Eric with his lips curled up.
Black Pennsylvania Trump voter wonders if he’s still welcome in the GOP
Tuesday, CNN released interviews with Texas Trump supporters who defended his racist attacks on four Congresswomen of color. Wednesday night, Van Jones showed his panel of supporters of both President Donald Trump and former President Barack Obama. But things got tense when a Black Trump supporter was asked about the president's racially charged statements.
Two men, one white one Black, in the group said they supported Trump and probably would again because business was good. Two women in the group lamented that Trump's racism was hurtful for the country.
"I just go back to values," the older women said. "I value treating people with dignity. And if there is anything that is incongruent with those values, then I'm not for that. So I'm not going to put profit over my values."