WASHINGTON (WHDH) - President Trump and Chair of the House Committee on Ways and Means Kevin Brady announced that there will be no middle-class tax cut in 2018.
Last month, Trump pledged there would be a cut while rallying in Arizona; however, he has since walked back on this promise.
Brady told CNBC last week that the goal is to advance a cut in the new session, assuming the GOP holds onto the Senate and the House.
Political analysts predict that Democrats will take the House, which could result in a split Congress.
If so, putting together a tax proposal by the end of the year will be difficult for Republicans.
(Copyright (c) 2024 Sunbeam Television. All Rights Reserved. This material may not be published, broadcast, rewritten, or redistributed.)