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Dark Angel 760k and still delivering | SaltWire #thinkingoutloud #medicalcourier #halifax #carsWASHINGTON - U.S. Republican presidential candidate Donald Trump has indicated to advisers he is keen on a new middle-class tax cut should he return to the White House, two people familiar with the discussions said, an initiative that could appeal to voters but could also worsen America's yawning budget deficit.
The recent conversations indicate that his economic advisers are still seeking a payroll tax cut, even though the economy is much healthier than it was four years ago, when it was hit hard by the pandemic. Legislators generally must approve significant tax overhauls, though certain tweaks to the tax code can be carried out by executive action.
The discussions also occur at a time when the economy is running relatively hot, with some experts saying this is not the time to discuss further stimulus. Trump has already indicated he plans to extend the Tax Cuts and Jobs Act if he returns to office, a 2017 measure he signed which cut corporate and individual tax rates and increased family tax credits, among other measures.
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