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With elections rapidly approaching, US President Donald Trump is preparing for his reelection campaign using old unfulfilled promises. He restated his intention to lower tax rates for the middle class. White House officials started to leak information on this matter to the press, whereafter several media sources announced Trump's plans to relax a tax burden, citing relevant sources in the presidential office. Political analysts believe that this is the way the Trump administration is exploring whether the president should propose a tax rate cut in the new election campaign.
In 2018, Donald Trump suddenly decided to please the American middle class with a 10 percent tax cut, saying he was working on a “very major tax cut for middle-income people.” However, the plan fizzled, while the Republicans' economic agenda was beneficial only to wealthy Americans. Most likely, this is just another attempt to attract voters. In reality, the implementation of such a project poses a challenge to the state. This tax cut will cost the United States trillions of dollars. Moreover, polls show that the middle class lost trust in Trump’s pledges a long time ago. Therefore, such populist statements are likely to have the opposite effect.
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