CONGRESS/DEMS/ELECTION/GOP/TAXES/TRUMP AS PRESIDENT/TRUMP PEOPLE: “With congressional elections looming, Republicans in the U.S. House of Representatives on Monday [9-10-18] proposed more deficit-expanding tax cuts, an effort seen by some tax experts as unlikely to become law and geared chiefly toward winning votes. Even if the initiative fails to pass, it could put Democrats in the position of opposing the new tax-cut plan on the House floor, which Republicans could seek to use to their advantage in the Nov. 6 elections where control of Congress will be at stake. Under the measure, federal individual income tax cuts approved on a temporary basis by the Republican-controlled Congress and President Donald Trump in December would become permanent. It would also eliminate the maximum age for some retirement account contributions and let new businesses write off more start-up costs…Trump and his Republicans are touting December’s tax cuts as a boost to the economy, an important feature of their campaign push to defend their majorities in the House and U.S. Senate against a challenge from Democrats. Democrats say those cuts mainly helped the wealthy and corporations.”
–David Morgan, Amanda Becker, “Republicans urge more tax cuts as elections near,” Reuters, September 10, 2018 3:08 am