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The President of the United States, Donald Trump, speaks at the retirement dinner of the members of the Republican House of Representatives Conference in Baltimore, Maryland, United States, September 12, 2019. REUTERS / Leah Millis
BALTIMORE, MD (Reuters) – US President Donald Trump announced Thursday that his administration will unveil a tax revision plan for middle – income households next year, as part of the 2020 presidential election.
"We will announce it in the next year. But it will be a very important tax cut for middle-income people who work so hard. And we are looking forward to that. We are going to work on it quite, "Trump told Republican lawmakers, without providing any additional details.
Trump said his administration was considering cutting taxes, seeking to minimize market concerns over a possible recession. In late 2017, Trump passed a tax reform passed by the Republican-led Congress.
Report by Alexandra Alper; Written by Makini Brice; Edited by Kim Coghill
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