Trump pledges to debut new middle-class tax cuts plan this month

President Trump
(Image credit: Carolyn Kaster/The Associated Press)

President Trump said at a campaign rally in Nevada Saturday his administration is working on new tax cuts for the middle class and expects to reveal the plan before the midterms.

"We are going to be putting in and are studying very deeply right now, around the clock, a major tax cut for middle-income people," he said. "Not for business at all. For middle-income people." He described the timeline for the new cuts, as promised in May, as "sometime just prior, I would say, to November."

Congress is in recess until after the midterm elections and cannot pass any new tax law before November begins. Last December, Trump signed into law the largest tax reform bill since the 1980s.

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