Tags: Trump Administration | Trump Tax Reform | taxes

McCarthy: GOP Must Retake House for Tax Cuts 2.0 to Advance

McCarthy: GOP Must Retake House for Tax Cuts 2.0 to Advance
(Dreamstime)

By    |   Wednesday, 29 January 2020 03:37 PM

The White House and lawmakers are working together for a tax cuts plan that will help the middle class, but it's important that Republicans take control of the House to make "tax cuts 2.0" work, House Minority Leader Kevin McCarthy said Wednesday. 

"You know how great this economy is," the California Republican told Fox Business' Maria Bartiromo. "Remember, not one Democrat voted (for the tax cuts) and because of that, some were not able to be made permanent, so we need to make those permanent."

President Donald Trump also wants to look at areas where the middle class can be helped further, McCarthy said. 

"This economy has been growing more of the middle class, especially when it comes to wages," said McCarthy.

There have been more jobs, and the unemployment level is at the lowest level on average than with any other president, said McCarthy, "so we are talking together trying to find that plan that we can bring forth."

However, according to the Constitution, all tax reform starts in the House, said McCarthy, so "we have to win the House back."

He said he does not believe that will be very difficult, as there are 30 Democrats in seats from states that Trump carried in 2016, and "we only need 18 seats to win the majority."

Meanwhile, McCarthy has himself set a fund-raising record for Republicans in 2019, saying it shows the likelihood the party can retake the House. 

"We were able to raise $52 million dollars last year to be able to take the House back, and focus on those things that American public wants us to," said McCarthy. "Remember the Democrats, when they won the majority all they did was pick chairmen based on who would be best for impeachment. We are looking at how do we lower prescription drugs. We are looking at how do we lower prescription drugs, build infrastructure, take care of our debts and be able to move forward."

© 2021 Newsmax. All rights reserved.


   
1Like our page
2Share
Politics
The White House and lawmakers are working together for a tax cuts plan that will help the middle class, but it's important that Republicans take control of the House to make "tax cuts 2.0" work, House Minority Leader Kevin McCarthy said Wednesday. "You know how great this...
taxes
326
2020-37-29
Wednesday, 29 January 2020 03:37 PM
Newsmax Media, Inc.
 

Newsmax, Moneynews, Newsmax Health, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, and Newsmax World are trademarks of Newsmax Media, Inc.

NEWSMAX.COM
America's News Page
© Newsmax Media, Inc.
All Rights Reserved