US intends to cut a middle-class tax

During an interview with The Wall Street Journal at the World Economic Forum in Davos, U.S. President Donald Trump said his administration is working on a middle-class tax cut proposal that will come into effect if he is reelected and Republicans gain full control of Congress.

Thus the president declined to provide any details but said that the plan will be announced in 90 days. “We are going to lower taxes for the middle class, very much,” Trump said in his speech.

In 2018, Trump had already promised to lower taxes for the middle class by 10% shortly before the midterm elections in 2018, but this plan was never implemented. Last year, similar promises also took place.