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"I can't guarantee anything," said Cohn, the director of the White House Economic Council. "You can always find a unique family somewhere." He said Trump's plan is "purely aimed at middle-class families." But Cohn acknowledged that "it depends which state you live in."
"A typical family of four earning $55,000 in America today is going to have a substantial tax decrease," he said, adding that its taxes would decrease by $650 to $1,000. "Everything we have done in this tax plan is to solve for the middle class."
originally posted by: Dudemo5
originally posted by: marg6043
a reply to: Dudemo5
Ha, Ha, no really, actually most of the presidents after Reagan have followed the famous Reagan trickle down economics.
I got a check from Dubya. An actual check. Didn't we all?
originally posted by: seasonal
a reply to: Aazadan
I wonder what is exactly the US's responsibility here, and how long does it take to get relief to this nation? A mess to be sure.
Boy, I sure do miss my Obama tax cuts...er... wait.
Under President Barack Obama, Congress increased taxation of upper-income households. Mr. Trump is seeking to resume the long-term trend toward flattening the curve. Upper-income households would get large tax cuts; lower-income households would get none.
The exact impact on the middle class is not yet clear. The outline released Wednesday proposes new tax brackets but does not specify income thresholds. It also proposes to replace the current tax deduction for each dependent with a child tax credit — but the administration did not propose a dollar amount for that new credit.
Yes... wait a minute. Didn't Obama continue the Bush Tax Cuts which is near identical to Trump's tax plan? The same Tax plan many of Trumps supporters backed all those years ago? If you want to argue Obama didn't do much for lowering middle class taxes, have at it pal. Doesn't make me flinch.