Trump looks to MOAR tax cuts

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Via Reuters:

The White House and Republicans on the House of Representatives tax-writing committee vowed on Wednesday to take “swift action” next year on a 10 percent tax cut for middle-class Americans.

In a joint statement, the White House and the House Ways and Means Committee’s Republican members said they would push the tax-cut legislation at the start of the new Congress, which will be seated in January.

Can’t see why Democrats would object to that. It must remembered that Trump’s low income tax cuts begin the roll-off in H2 2019, which part of the fiscal cliff, so Id be looking for extentions on that front too.

About the author
David Llewellyn-Smith is Chief Strategist at the MB Fund and MB Super. David is the founding publisher and editor of MacroBusiness and was the founding publisher and global economy editor of The Diplomat, the Asia Pacific’s leading geo-politics and economics portal. He is also a former gold trader and economic commentator at The Sydney Morning Herald, The Age, the ABC and Business Spectator. He is the co-author of The Great Crash of 2008 with Ross Garnaut and was the editor of the second Garnaut Climate Change Review.