Trump says there's another tax cut on the way. We have no idea what he's talking about.

[Yo_Mama_Been_Loggin]

Running on the tax cutsisn’t working particularly well for Republicans in the 2018 midterm elections. So President Donald Trump is promising more of them — an essentially impossible feat with Election Day nearly two weeks out.

Speaking with reporters in Nevada on Saturday, Trump said he was working on a “very major tax cut for middle-income people.” He said the White House and Congressional leaders are “studying very deeply, round the clock” to create another tax cut “not for business at all” that will be announced on November 1 or sooner. Axios was first to flag the remarks.

It’s not at all clear what Trump is talking about. House Republicans last month quietly passed a tax bill that would extend tax cuts for individuals that under last year’s legislation are set to expire in 2025. The Senate hasn’t expressed an interest in taking it up, and the president seemed to be alluding to some new package that they’re still hammering out the details on, not the bill the House GOP already passed, or the broader package they rolled out in September.

Trump’s most significant legislative accomplishment has been the 2017 Tax Cuts and Jobs Act, which cut taxes for most Americans but overwhelmingly benefited corporations and the wealthy. Despite his and the Republican Party’s efforts to sell the bill, it’s not popular with voters, and most Americans say they don’t see it in their paychecks.

That hasn’t stopped Trump from talking about another round of cuts.

In an interview with Fox Business host Maria Bartiromo aired in July, Trump said he was going to do a “phase two” of tax cuts “probably in October” or sooner. “It will be more of a middle class — we did a lot for the middle class, but this will be more aimed at the middle class,” he said.

He then talked about cutting taxes more for corporations. The 2017 bill cut the corporate rate from 35 percent to 21 percent. “One of the things we’re thinking about bringing the 21 percent down to 20. And then, for the most part, the rest of it would go to the middle class. It’s a great stimulus,” he said.

https://www.msn.com/en-us/news/politics/trump-says-there’s-another-tax-cut-on-the-way-we-have-no-idea-what-he’s-talking-about/ar-BBOFJNt?li=BBnbcA1

[RHMerriman]

1. Yeah, neither does he...

Yeah, neither does he...

He's drunk.

[mobeau69]

2. And in 10 days. :-)

He's getting way beyond desperate. He's afraid. Very, very afraid of the mid-terms.

[Arkansas Granny]

3. His mouth is writing checks his ass can't cash.

After the election, that promise will be as good as the one he made to Elizabeth Warren.

[fierywoman]

4. May he "cut" the previous tax cut" where he ran up the deficit by a trillion by giving

the cut to the 1%; may he cut the cut!

[woodsprite]

5. A bribe to his supporters to keep them from defecting. nt

[sprinkleeninow]

6. Such as the first post succinctly puts it, neither do any of us

know what the frick's being said.

[Andy823]

7. You know what they say

There is a sucker born every minute, and trump has them all in his corner! Only a fool would believe trump after all the lies has told so far.

[PoindexterOglethorpe]

8. He thinks he can just announce something

like a tax cut and it will magically happen. He honestly has no real idea how the government actually works.