Donald Trump says he will unveil ‘middle-income’ tax plan in 2020

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Published: September 13, 2019 9:03:01 AM

Trump has said his administration was considering potential tax cuts, seeking to play down market anxieties over a possible recession.

Donald Trump, middle icome tax plan, 2020 presidential election, middle income households, republican, US congressAt the end of 2017, Trump passed a tax overhaul passed by the Republican-led Congress.  (Reuters photo)

U.S. President Donald Trump said on Thursday his administration would unveil a tax overhaul plan aimed at middle-income households next year, amid the 2020 presidential election. “We’ll be announcing it sometime in the next year. But it’ll be very, very substantial tax cut for middle-income folks who work so hard. And we’ll look forward to that. We’re going to work on it altogether,” Trump told Republican lawmakers, without providing any additional details.

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Trump has said his administration was considering potential tax cuts, seeking to play down market anxieties over a possible recession. At the end of 2017, Trump passed a tax overhaul passed by the Republican-led Congress.

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