(RestoreAmericanGlory.com) – GOP presumptive presidential candidate Donald Trump has told his advisers that he was considering introducing new middle-class tax cuts if he wins back the White House according to two sources who are familiar with the discussions. This is one of Trump’s initiatives in order to be able to appeal to voters.
Advisers have presented the former President with a lot of ideas relating to federal payroll tax cuts, and one of those people has claimed that this move could potentially reduce the flow of money into Medicare and Social Security. As a result, Trump could potentially face a lot of criticism from Democrats about how he was destroying the safety net for elderly Americans.
Trump has also indicated that he would consider the idea, however, he has not made any commitments.
Trump’s economic team had also proposed a payroll tax cut in 2020 as a means of jumpstarting the economy after the start of the pandemic. However, his administration had instead decided that the payroll tax payments could be temporarily deferred.
In recent conversations, he has indicated that his economic advisers are still going to be considering payroll tax cuts, even though the economy was now in a much better position than it had been four years ago, during the worst parts of the COVID-19 pandemic.
Trump’s closest economic advisers are also considering other ideas for an increase in the standard deduction on the tax returns at the end of the year, as well as a cut to the marginal income tax rate for middle-income households. One of the people who is aware of these conversations stated that it is not yet clear whether or not this is information that Trump has been directly presented.
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