Trump, Brady admitted no chance of middle class tax cut this year



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It was the first time the White House had returned to a last-ditch campaign since the President made the pledge at a rally in Nevada almost two weeks ago. The statement effectively closed the door on any chance of pushing through a tax cut this year.

Even as Trump has been crushing the country this weekend for GOP members in the run-up to next Tuesday's midterm elections, he has been noticeably mute on the issue.

"We are committed to delivering an additional 10% tax cut to middle-class workers to the country," the two men said in a joint statement released by the White House. "And we will take action on this legislation at the beginning of the 116th Congress."

The seal statement came out of the law when the law was ducked when the lawmakers return to Washington after the elections.

Two weeks before voters headed to the polls, the President promised middle-class Americans another tax cut, saying it would be introduced by Congress in a week or two.

Trump said at the time that he was working with Brady on a plane "very hard for a long period of time."

But in recent days, it was only a matter of time that they would be able to do so.

"We hope to advance this in the new session if we are maintaining control of the House and Senate," Brady said during an interview with CNBC last Friday.

Forecasters are predicting that Democrats will win the House, potentially setting up a split Congress, making any tax proposal for a heavy lift for GOP lawmakers.

The President's tax has been sent to him as he has been talking to him, and he has been talking about it.

"There is no plan," said Howard Gleckman, a senior fellow at the Tax Policy Center. "There was never a plan."

Even so, Trump's new promise has sparked rumors in Washington over a number of strategies.

"We're not done yet," the two men said in the statement. "America's workers deserve to keep more of what they earn."

The trump administration and GOP party leaders have been in active conversations for months. In September, the House voted to make individual tax cuts, which are set to expire in 2025, permanent. And there are a host of other tax issues.

"If there is a Republican Congress and a Republican president, there will be a tax cut every single year," said Grover Norquist, president of the Americans for Tax Reform.

Trustee Steven Mnuchin, who has been speaking with a trustee, has previously suggested that he should not be allowed to do so.

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