Trump's Treasury Secretary refuses to comment on whether Trump's middle class tax cut 'is a real thing'
During the midterms, President Donald Trump stunned some political commentators with off-the-cuff promises that a middle class tax cut "of about 10 percent" was on its way. But this talk died down pretty quickly after the election was over.
Now, according to Bloomberg News, Treasury Secretary Steve Mnuchin completely refused to discuss the matter while talking about his priority of fixing the 2017 GOP tax cut bill going into the next year:
Mnuchin said he’s hoping to work with Congress on “some minor technical corrections” to the law, such as a drafting error that denies retailers and restaurants a tax break when they make renovations. He downplayed the prospect of the middle-class tax cut that Trump campaigned on in the days leading up to the midterm elections.
“I’m not going to comment on whether it is a real thing or not a real thing,” Mnuchin said in a roundtable interview Tuesday at Bloomberg’s Washington office. “I’m saying for the moment we have other things we’re focused on.”
Mnuchin's answer essentially confirmed what many people had expected: the middle class tax cut was not, in fact, a real thing, but just a bunch of empty words Trump threw around in the hope it would help his party keep the House.
Nonetheless, Mnuchin's actual hope of fixing the real tax cut bill is a fool's errand. The law, in addition to being riddled with mistakes, is wildly unpopular, and its main accomplishment is an explosion of stock buybacks that is now outpacing normal business spending, while the middle class who were promised they would get the meat and potatoes were left to dry as 83 percent of the cuts went to the top 1 percent of earners.
The public is by now depressingly used to Trump making up outlandish lies and abandoning them the next day. But the truly craven nature of this last-ditch attempt to manipulate the electorate should not pass unremarked on.