Mnuchin says administration will consider new round of tax cuts in 2020

[brooklynite]

This discussion thread was locked as off-topic by Omaha Steve (a host of the Latest Breaking News forum).

Source: Politico

Treasury Secretary Steven Mnuchin said Monday that the Trump administration would consider proposing a package of tax cuts in 2020, trumpeting the strength of the U.S. economy despite the ominous financial indicators of recent weeks.

“I think there’s no question the U.S. economy is in very good shape. As we look around the world, there’s no question that China is slowing, Europe is slowing — the U.S. is the bright spot of the world,” Mnuchin told reporters.

“And regards to a middle class tax cut, you know, we’ll be looking at tax cuts 2.0, something that will be something we’ll consider next year,” he continued. “But right now, the economy is in very, very good shape.”

President Donald Trump first teased the prospect of “a major tax cut for middle-income people” ahead of the 2018 midterm elections, following up on the $1.5 trillion Republican tax bill he signed into law in December 2017. While the proposal was a major talking point of the president's in the run-up to the midterm elections, Trump has seldom discussed it since.

Read more: https://www.politico.com/story/2019/09/09/trump-administration-tax-cuts-2020-1486228

[Iliyah]

1. Scam

[True Blue American]

2. Cut the spending, bring down the deficits. Cancel the wall.

Cut off the weekly vacations. No more golf trips.

[Newest Reality]

3. So,

"It appears that y'all are so stupid that we can do this again and again! What comes after 2.0 and what's a deficit?"

That's adding insult to injury and the Ministry of Truth and Ministry of Plenty are faltering a bit in their newspeak.

Bright spot of the world? I chuckle in his general direction. America is gradually becoming like a 3rd-World country and Chernobyl is becoming a great place to vacation.

[lagomorph777]

15. The Billionaire Tax Cut was an electoral disaster in 2018.

They want more of that?!?

[Newest Reality]

16. I think it

is a NEVER ENOUGH thing. Really.

Hey, you know, I may be worth $10-billion, but, well, another $10-billion is really where I want to be and so-and-so has $100-billion, so...

I know there are other factors, (power, control, vast holdings) but the greed is insatiable and seems to be like a drug addiction, so I have no desire for that.

Meanwhile, they could drain everything dry or end up owning everything, (or both) if they are allowed to continue in the cupidity of their relentless pursuit. We are sacrificing a lot for their addictions while they are being enabled.

So, yeah. More is the American way for some. More is better. Consume mass quantities.

[bluestarone]

4. Sounds AGAIN like they want to destroy this country KNOWING

A Democrat will win in 2020, and have to FIX FIX FIX, just like Obama had to!! I actually am worried that the DEM. that wins in 2020 will be unable to fix such a BROKEN country!! BUT ONLY the DEMS. CAN DO IT!!

[Fullduplexxx]

6. Well The war dept proved it doesnt need 3.6 billion so there's a pot of money

[Fullduplexxx]

5. Poll numbers got you down? Dont worry bribe em right before the election

[kimbutgar]

7. Doesn't he need congress to cut taxes?

I doubt the Congress will even take it up. What happened to deficits matter?

[crazytown]

10. He's got his Sharpie out again!

[RKP5637]

8. Destroying the US, step by step. ... will be a shadow of a country by the time these horses asses

are done.

[not fooled]

9. Smash 'N Grab

A couple of weeks ago, Joy Reid or someone on her show said that pukes know they can't hold off forever the coming shift in political power because of demographics, so their aim is to leave a bankrupt, empty shell of a country.

[IronLionZion]

11. Yeah the economy is so strong they have to keep stimulating it with tax cuts

This is a house of cards and it's going to tumble down on the next president.

[Vinca]

12. I guess paying the bills is considered quaint among the moneyed.

[BootinUp]

13. Shameless. Nt

[TheBlackAdder]

14. It won't mean a thing, as people will be on payment plans to cover the 2019 April Tax Bills.

[Omaha Steve]

17. After a review by forum hosts....LOCKING

Something that might happen is not LBN!