President Trump has repeatedly promised middle class Americans fresh tax cuts if he wins a second four-year term, a pledge that might clash with his efforts to reduce yawning federal deficits. Here's a look at what the White House could include in a plan:
President Donald Trump has repeatedly promised middle class Americans fresh tax cuts if he wins a second four-year term in office in November, a pledge that might clash with his efforts to reduce yawning federal deficits.
Stephen Moore, an outside adviser who was floated last year for a seat on the Federal Reserve Board, told CNN that the administration is"homing in" on a proposal that would include lower rates for middle class families. Moore also floated the possibility of a savings account that would allow middle class Americans to save up to $10,000 tax-free.
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