President Donald Trump and House Ways and Means Committee Chairman Kevin Brady, R-Tex., are not done with tax cuts. Republicans will focus on making the tax code better for middle-income taxpayers “each and every year,” Trump and Brady said in an October 31 joint statement.
Trump took Capitol Hill by surprise when he first announced the third wave of intended tax cuts earlier this month. Brady confirmed that the 10 percent tax cut for middle income taxpayers was in the works two days later. Brady has said the tax cut will only occur if Republicans retain their majority in both chambers of Congress after the November 6 midterm elections.
“We are not done yet,” Trump and Brady said in the joint statement. “We are committed to delivering an additional 10 percent tax cut to middle-class workers across the country. And we intend to take swift action on this legislation at the start of the 116th Congress.”
By Jessica Jeane, Senior News Editor