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Congressman Kevin Brady, the Chairman of the House Ways and Means Committee, agreed to work with President Trump on a proposed 10% tax cut for the Middle Class. Reuters reports:
Representative Kevin Brady, who chairs the tax-writing House Ways and Means Committee, said the plan would be crafted in “coming weeks” and would advance in Congress if Republicans retain control of the House and Senate in midterm elections on Nov. 6.
“President Trump believes American families deserve to keep more of what they work so hard to earn. We agree,” Brady said in a statement.
In what is widely seen by lobbyists as the latest Republican campaign message on taxes, Trump told reporters on Tuesday at the White House that the plan would emerge soon.
“This will be on top of the tax reduction that the middle class has already gotten. And we’re putting in a resolution, probably this week,” the president said.
Trump’s comments came a day after congressional and administrative staff appeared to be caught off guard by word of a new tax cut, which first surfaced on Saturday.
The White House on Tuesday described the new tax cut as an agenda item for 2019 and suggested it could be offset by cuts in spending.
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