U.S. President Donald Trump speaks on the 2019 Home Republican Convention Member Retreat dinner in Baltimore, Maryland, U.S., September 12, 2019. REUTERS/Leah Millis
BALTIMORE, Md (Reuters) – U.S. President Donald Trump mentioned on Thursday his administration would unveil a tax overhaul plan aimed toward middle-income households subsequent yr, amid the 2020 presidential election.
“We’ll be asserting it someday within the subsequent yr. Nevertheless it’ll be very, very substantial tax lower for middle-income of us who work so laborious. And we’ll stay up for that. We’re going to work on it altogether,” Trump instructed Republican lawmakers, with out offering any further particulars.
Trump has mentioned his administration was contemplating potential tax cuts, in search of to minimize market anxieties over a attainable recession. On the finish of 2017, Trump handed a tax overhaul handed by the Republican-led Congress.
Reporting by Alexandra Alper; Writing by Makini Brice; Enhancing by Kim Coghill