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What Trump doesn’t get about tax cuts

Source: - Nov 2, 2018

Tax cuts are always good: That’s Republican orthodoxy, and it explains President Trump’s last-minute tax-cut plan meant to woo midterm voters.

Trump wants to cut middle-class taxes by 10%, and he says Congressional Republicans will gin up such legislation if they retain control of Congress after the midterm elections on Nov. 6. But Republicans just passed a big tax cut, and voters are unimpressed. More people disapprove than approve of the Tax Cuts and Jobs Act, which went into effect at the start of this year. That’s why Republicans seem likely to lose seats in the House of Representatives in the midterms, with Democrats possibly gaining control.

Category: General Business