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OPINION: How President Trump Can Cut Taxes For The Middle Class

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30.10.2018

Using a variety of methods, presidents have long reveled in the ability to goad lawmakers into taking action.

President Reagan, for instance, urged that citizens call recalcitrant lawmakers to support his historic tax reforms. But few have proven as bold as President Trump, who suggested this week that lawmakers are cooking up a 10-percent tax cut for the middle class shortly before midterm elections.

Never mind that Congress will have no time to meet, let alone draft up an entire new tax policy proposal before facing reelection.

Assuming the President’s real promise to voters is for action after the midterms (if the Republicans win), how realistic is further relief for working American families? While money is almost always better spent in the hands of families than bureaucrats, tax cuts need to remain broad-based in order to have staying power.

Washington must also get serious about cutting spending and reduce deficits, which merely send a message to taxpayers that the government will eventually raise rates again.

Given the successes of the Tax Cuts and Jobs Act (TCJA), it’s entirely understandable that........

© The Daily Caller