Republican lawmakers seek tax cuts as election approaches


There are sharp partisan splits on both questions, with about 8-in-10 Republicans calling it inappropriate for a White House official to act against the President, that drops to about half of independents and about a third of Democrats.

With an eye toward November's midterm elections, House Republicans on Monday unveiled legislation to make permanent the individual tax cuts and pass-through business deductions that were set to expire in 2026 as part of the sweeping tax rewrite enacted late a year ago.

And some Republicans from Democratic-leaning states worry that constituents already dislike December's cap on the federal deduction for state and local tax payments, known as SALT. "Republicans gave Congress nearly a full decade to extend these individual tax cuts before they expire", notes The Washington Post's Jeff Stein, "but the law's mediocre polling numbers and the hard election outlook for House Republicans have increased their sense of urgency". All but one were from the high-tax Democratic states of New York, New Jersey, and California.

The legislation would make permanent last year's tax breaks for individuals, preventing them from facing a tax increase in eight years, while boosting incentives for retirement savings and giving more lenient tax treatment to startups and small businesses.

The House Republican lawmakers revealed on Monday, Sept. 10, their plan to make the 2017 tax cuts for individuals more permanent with the intent to sway the voters for the upcoming elections in November, per Bloomberg.

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To the dismay of party leaders, the healthy economy and Trump have become countervailing forces.

American voters also believe by a wide-margin, 55 - 28 percent, anonymous allegations that senior aides to President Trump work behind his back to keep him from making what the aides believe are bad decisions.

"He won't allow himself to get credit for the economy", said James Carville, the Democratic strategist, referring to President Trump.

Small businesses are benefitting the most. The decline in unemployment and soaring gross domestic product, along with the tax overhaul Republicans argue is fueling the growth, have been obscured by the president's inflammatory moves on immigration, Vladimir Putin and other fronts, party leaders say.

Trump is touting the positive impact of tax cuts on jobs and the economy as he campaigns for Republicans ahead of the 2018 midterm elections. But as Trump's populist attacks against free trade have erupted into trade wars with China and USA allies, trade tensions have overshadowed the tax cuts in economically vulnerable areas of the country that depend on exports.