Trump Proposes ‘Middle-Income Tax Cut’ in Second Term

Trump Proposes ‘Middle-Income Tax Cut’ in Second Term
President Donald Trump speaks from the Blue Room Balcony of the White House to a crowd of supporters in Washington on Oct. 10, 2020. Alex Brandon/AP Photo
Jack Phillips
Jack Phillips
Breaking News Reporter
|Updated:

President Donald Trump said he would continue lowering taxes if he wins his reelection battle on Nov. 3, saying that those cuts would apply to middle-income Americans and businesses.

“We’re going again for a big middle-income tax cut. [Democrats] want to raise taxes, and they want to raise it on nonsense,” Trump said Wednesday. It’s not clear exactly what it would include, but the president previously said he would cut the top capital gains tax rate from 20 percent to 15 percent.

Jack Phillips
Jack Phillips
Breaking News Reporter
Jack Phillips is a breaking news reporter who covers a range of topics, including politics, U.S., and health news. A father of two, Jack grew up in California's Central Valley. Follow him on X: https://twitter.com/jackphillips5
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