10/31/2019

ELECTION/TAXES/TRUMP AS PRESIDENT: “House Ways and Means ranking member Kevin Brady said Thursday [10-30-19] that he doesn’t expect any new tax cut proposals from White House officials this year, though one is likely to come as the 2020 election season heats up…The Washington Post reported earlier today that White House officials and Republicans on the Hill have started discussions about a tax cut and other plans to boost the economy. President Donald Trump has previously said he plans to pursue a follow up to 2017’s Tax Cuts and Jobs Act and one of his top aides recently talked up the possibility of more tax cuts. At a dinner last week, National Economic Council Director Larry Kudlow repeatedly mentioned the 1986 tax overhaul, noting it reduced the number of individual tax rates to two, an attendee told POLITICO. There are currently seven rates, ranging from 10 percent to 37 percent.”

Aaron Lorenzo, “GOP tax writer expects Trump to roll out tax plan next year,” Politico, October 31, 2019 3:49 pm