Trump Contradicts Himself Twice In Latest Scheme To Con Americans Into Voting For Him And His GOP Allies
President Donald Trump said Saturday that he would approve a “major middle income tax cut” if American voters help Republicans keep the Senate and presidency and take back the House in next year’s elections.
“If Republicans take back the House, and keep the Senate and Presidency, one of our first acts will be to approve a major middle income Tax Cut!” Trump tweeted Saturday morning. “Democrats only want to raise your taxes!” Trump did not elaborate on any details for his proposed tax cut.
Trump’s tweet comes as the latest shift in a series of proposals regarding his interest in a set of tax cuts. The president on Wednesday backtracked on a set of tax cuts he had just one day earlier said the White House was discussing.
“I’m not looking at a tax cut now,” he told reporters before leaving the White House to travel to Kentucky. “We don’t need it. We have a strong economy.”
He had said Tuesday that he was looking at a temporary payroll tax cut and floated indexing capital gains to inflation, lowering the tax burden for investors.
On Wednesday, Trump moved away from that position, saying he’s not looking to make the change to capital gains taxes because doing so is “probably better” for high-income earners and he wants to help the middle class.
Trump’s yo-yo on taxes this week comes amid warning signs of a possible recession on the horizon.
“Face It, You Probably Got A Tax Cut!” This was a New York Times headline, and it is very true. If Republicans take back the House, and keep the Senate and Presidency, one of our first acts will be to approve a major middle income Tax Cut! Democrats only want to raise your taxes!
— Donald J. Trump (@realDonaldTrump) August 24, 2019