(NationalSentinel) Tax Cuts:Â In keeping with his campaign pledge – and likely attempting to assuage anxiety among conservatives that it wouldn’t get done soon as Congress gets bogged down with repealing Obamacare – President Donald J. Trump promised Sunday the biggest tax cuts since the Reagan era are on the way.
As reported byÂ Grabien News, Trump told Jesse Watters ofÂ Fox News that he wanted to slash top rates and consolidate income brackets:
WATTERS: â€œThe income tax rate, what are we talking about? What would you like to see the top rate be?â€Â
TRUMP: â€œWell we’re going to get a big reduction, we’re going to bring business down from 15% to 20% from 36% and 38% and higher in some instances. We are the highest taxed nation in the world. And we are going to bring taxes way down. And for middle income, we’re also getting rid of brackets. We are going from 7 to 4 or 3 brackets. And that will be such a pleasure.”
WATTERS: “What would you like to see the brackets look like?”
TRUMP: “Well I would like to see zero if you donâ€™t make much. Like zero, and that’s what it’s going to be, it’s going to be zero up to a level. Then it’s going be 12.5%, 15%. It’s going to be 10 percent. We’re working on the different numbers right now. It will be the biggest tax cut since Reagan and probably bigger than Reagan.”
WATTERS: “Very good because I need the money.”