WASHINGTON-Republicans in the U.S. House of Representatives plan to unveil another round of tax cuts this week, hoping to draw a sharp contrast between themselves and Democrats ahead of the November 6 congressional elections.
"Passage is not automatic", he added.
Midterm elections often serve as referendums on the incumbent president, which makes Trump's overall unpopularity a liability for Republicans. "Republicans gave Congress nearly a full decade to extend these individual tax cuts before they expire", notes The Washington Post's Jeff Stein, "but the law's mediocre polling numbers and the hard election outlook for House Republicans have increased their sense of urgency".
Though this is planned by the Republican lawmakers, several lawmakers from high-tax states disapprove of some provisions, especially due to the fact that Tax 2.0 included state and local tax (SALT) deduction cap. Many analysts believe that if Americans' dissatisfaction with Trump and his party remain high, Democrats will flip the 23 seats they need to take control of the House, and possibly the two US Senate seats they need to control the upper chamber.
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The Protecting Family and Small Business Tax Cuts Act of 2018 (H.R. 6760), which would lock in the lower individual rates, larger child tax credit and larger standard deduction from last year's tax law.
Still, Republicans are pushing ahead and portraying the legislation as a way to give American families certainty around the tax code and cement benefits for the middle class, betting that it can provide a cudgel to use against Democrats who vote against it. House Ways and Means Committee Chairman Kevin Brady (R-TX) said the Tax Cuts 2.0 package will create more than 1.5 million new jobs, raise wages and boost GDP. The NPR/Marist poll surveyed 949 adults between September 5-9 and has a margin of error of plus or minus 3.6 percentage points.
The tax-cut bill reduced corporate taxes from 35 to 21 percent, fueling business growth for companies of every size, which have in turn hired more workers.
Claiming to be part of a "resistance" inside the Trump which fights his ill-advised impulses, the anonymous official wrote that the Trump administration had been successful despite the president's actions. National Federation of Independent Business survey found that 32 percent of small businesses said that now is a good time to expand, nearly triple the 11 percent recorded by the same survey in November 2016. Our system was choking and would have been made worse.