President Donald Trump has announced that his administration is working on a middle class only tax cut, that he plans to roll out before the election. Democrats have long criticized his tax cuts for businesses that created or will create millions of jobs and increased pay due to the shortage of manpower that has once again put workers in the driver’s seat and has forced companies to increase compensation in order to attract qualified workers.
That news has been particularly good for Blacks and Hispanics who now have the lowest unemployment rates of all time and wages that have increased by 2.9%. That is as opposed to the loss in real wages they suffered during 8 years of Obama.
Donald Trump told reporters after a rally in Nevada that he was planning to propose a major tax cut targeting middle-income Americans before the end of the month.
“We are looking at putting in a very major tax cut for middle-income people. And if we do that it’ll be sometime just prior, I would say, to November,” Trump told reporters. “We are studying very deeply right now round the clock a major tax cut for middle-income people.”
Trump has taken criticism from Democrats for his tax cuts, which they claim only help large corporations and the top 1 percent. But Trump said the tax cuts he is looking to implement soon would not be related to businesses whatsoever.
“Kevin Brady is working on it, Paul Ryan is working on it,” said Trump. “I would say sometime around the first of November, maybe a little before then.”
This comes at a time when an announcement by Real Clear Politics says that the Republicans have just achieved their highest rating on the economy of all time and that the generic poll on Congress is now dead even, pointing to the vanishing blue wave.