The main strategy in a general election for president is to paint a clear distinction between the candidates and the candidate with the idea liked best by the voters wins the election. That is why this is a brilliant plan. While Democrats are pushing very expensive socialistic ideas which will mean higher or much higher taxes paid by the middle class. the Trump administration is eying a 15% middle class tax cut. It also robs the Democrats of their tired old line about tax cuts for the rich, since the rich get no tax cut at all.
The tax cut has zero chance of passing because Democrats cannot afford to give President Trump such a huge win. But, the republicans in the House could vote for it unanimously and could pick up at least two or more Democrats representing red districts, but not enough to pass it. In the Senate, RINOs such as Mitt Romney, Susan Collins and Lisa Murkowski could defect to the side of the Democrats, preventing it from passing there. It could also result in the flipping many seats in the House and give the Republicans the majority again. This is a win/win for the Republicans. Who do you vote for? The ones cutting your taxes or the ones wanting to raise them?
Other ideas that have reportedly been discussed are a payroll tax cut, a change to capital gains taxes, or making savings tax-exempt, and reducing the overall number of tax brackets.
Kudow reportedly declined to comment to the newspaper about the specifics of what the administration is considering, but was asked about the reported rate cut on CNBC shortly after the story was published.
“The president has asked me to pursue something called ‘tax cuts 2.0,'” Kudlow told the outlet.
“I don’t want to be specific on anything; it’s way too soon for that,” he continued. “I’m consulting with the leading tax people in the Senate and the House — I might add the leading tax people on both sides of the aisle — as well as my colleagues in the administration, in the treasury, as well as people on the outside.”