Trump says more tax relief on the way
Trying to turn attention back to tax cuts and away from the staffing turmoil in his administration, President Donald Trump promised Wednesday that more relief was on the way.
Speaking at a Boeing factory in St. Louis with two fighter jets as his backdrop, Trump celebrated the impact of the tax cuts he signed into law last year and said he was working with Congress on a second package that would deliver new benefits for companies and the middle class.
“We’re now going for a phase two,” he said. “It’s going to be something very special. Kevin Brady’s working on it with me.”
It’s unclear what Trump was talking about. The White House did not immediately respond to a request for more details, but Brady, the chairman of the tax-writing House Ways and Means Committee, told Fox Business Network he was indeed working on something with the president and “we think even more can be done.”
“We want to make sure that we’re encouraging innovation in America. We want to help families save for the long term,” Brady said. “Also, while the tax cuts for families were long-term, they’re not yet permanent. So we’re going to address issues like that.”
The trip served as a victory lap of sorts for a president who has struggled to rack up legislative wins. Trump launched his campaign for an overhaul of the nation’s tax code at a Springfield, Mo., manufacturing plant last August, and returned to the state to tout the benefits of the law, which slashed taxes for corporations while providing more modest breaks for middle-class families.