Trump Promises Christmas Gift For Americans
Trump on Monday promised a huge tax cut by Christmas.
Trump said, “We’re going to give the American people a huge tax cut for Christmas — hopefully that will be a great, big, beautiful Christmas present.”
Trump spoke as the Tax Policy Center said that while all income groups would see tax reductions, on average, under the Senate bill in 2019, 9 percent would pay higher taxes that year than under current law.
By 2027, that could grow to 50 percent, largely because the legislation’s personal tax cuts ends in 2026, which Republicans did to curb budget deficits the bill would create.