Here’s How I Did. Tech tycoon John McAfee's time on the run appears to have come to an end. The deficit figure was the highest in six years. webworker_file : "https://s.blogsmithmedia.com/www.aol.com/assets-h4db4b16b95b3f3c40006bf1d4b94668b/js/lib/rapidworker-1.2.js?h=9ceb9fae9af1013e21fb979af4714df3" "We won't have time to do the vote" before the election, Trump told reporters. "We'll do the vote after the election. Tax season is here! The result has been confusion and chaos, with the truth elusive. The deficit figure was the highest in six years. c.des = des; // always true? }; keys: {"pl2":"amp-bon-article","p_sec":"AOL Finance","p_subsec":"taxes","ver":"blogsmith","st_sec":"us.aolcomfin","pt":"content","pct":"story","paid":"aol_com_127=bsd:23568552","pstaid":"b099eece-a482-3de2-8e5d-94dd5325196f"}, f.parentNode.insertBefore(e, f); AOL.responsiveEnabled = true; // required by dynamic-lede.js, isAutoRotateDisabled() If the president is seriously ill, the public has a right to know about it. By Jeff Mason 10/22/18 AT 4:05 PM. "We're giving a middle-income tax reduction of about 10 percent. Many qualified taxpayers overlook the Earned Income Tax Credit (EITC), potentially missing out on thousands of dollars at tax time. President Trump returned to the White House from Walter Reed National Military Medical Center and told the public that it should not be afraid of the coronavirus. var hmpg_ads = new Array(); }; Especially when there’s worry of a potential recession. }(document.createElement('script'), "We're doing it now for middle-income people. The president said on Monday his administration planned to produce a resolution within two weeks calling for a 10 percent tax cut for middle-income people. spaceid: 1197803379, Kudlow told CNBC this policy, if pursued, may extend to bonds as well as stocks. Trump raised eyebrows in October when he suddenly began to talk about a 10 percent tax cut for the middle class that would be passed ahead of … var yaftConf = { Trump said on Saturday his administration was studying a tax cut to be rolled out some time around the beginning of November just before the Nov. 6 congressional elections, even though lawmakers are out of town campaigning and Congress is not in session. "We're giving a middle-income tax reduction of about 10 percent. Due to its severity, the Federal Emergency Management Agency (FEMA) designated certain areas as qualifying for federal disaster assistance and enabled the IRS to provide tax relief to those impacted. Trump Tax Cuts 2.0 would give the middle class a 10 percent break. Whatever the final version of Trump Tax Cuts 2.0 ends up being, it's clear the president will set up a contract with Democrats in time for the November election. Get breaking news and big stories on your desktop. } else { (Reporting by Jeff Mason; Writing by David Alexander; Editing by Tim Ahmann and Peter Cooney), Stocks mixed, dollar higher after Trump leaves hospital, Phoenix,AZ: Notice For Cars Used Less Than 25 Miles A Day, ‘Masks Matter’: Joe Biden Puts The Blame On Donald Trump For Contracting COVID-19, Your Take-Home Pay Could Be 12.4% Smaller in the First 4 Months of 2021, Twitter is testing how its misinformation labels can be more obvious, direct, Kyrgyzstan election result cancelled after protesters storm parliament building and set fire to White House, 'A slap in the face': Families of COVID-19 victims slam president's downplaying of his diagnosis, 'Coward' drink-driver killed cyclist in hit and run then claimed van was stolen, Melania Moments You Need To Take A Closer Look At, Donald Trump Jr. "wants to stage an intervention" because he thinks his dad's "acting crazy": report, Tyra Banks left apologizing after mistakes lead to chaotic ending on ‘Dancing With the Stars’, Biden says Trump's behavior may have put president at risk of COVID-19, Delta Burke Is So Thin Now And Looks Like A Barbie, Doctor on Trump's COVID-19 tweet: 'He’s speaking from a very privileged position', UK government warned firms face job cuts 'cliff edge' after Christmas, PHOTOS: Justice Ruth Bader Ginsburg — A look back, Man Saved Cubs, Then Mama Bear Surprises Everyone, Joy Reid Sums Up Donald Trump’s Mask Removal Stunt With 3 Biting Words, GOP Sen. John Cornyn Criticizes Trump On COVID-19: 'A Lesson To All Of Us', Kate Hudson Just Shared An Underwear Pic To Help Raise Money For Breast Cancer, Why the date of Trump's last negative COVID-19 test matters, Trump returns to White House after being treated at Walter Reed hospital for COVID-19. Senator Ted Cruz, said the latest tax cut plan was not meant to help businesses but was for middle-income earners and would be “on top of the tax decrease that we’ve already given them.”. viewability: true, All rights reserved. Trump’s fellow Republicans are seeking in the elections to hold on to their majorities in the Senate and House of Representatives. AOL.pageType = "article"; // required by dynamic-lede.js, cstrack() c.sps = sizeArray; Tax credits and deductions for parenting expenses can result in a lower tax bill and a higher refund. 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