Donald Trump says ‘we’re going to look’ at entitlement reforms which could hit Social Security – and renews his claim that he will produce a middle-class tax cut after 2020 election
- President Trump sat down with both CNBC and Fox Business Network on Wednesday morning on the sidelines of the World Economic Forum
- He told CNBC that he’d consider entitlement reforms, saying the strong economy should make up for any cuts to programs like Social Security
- Over on Fox Business Network, Trump said he’d like to sign into law a middle class tax cut should he be elected to a second term later this year
In back-to-back interviews on the business networks, President Trump said ‘we’re going to look’ at entitlement reform, while he also dangled a tax cut for the middle class should he win re-election later this year.
Sitting down with CNBC’s ‘Squawk Box’ host Joe Kernen, Trump said ‘at some point’ entitlement reform will be on his plate suggesting that thanks to the good economy cuts to Social Security and other funds wouldn’t hurt Americans as much.
‘We’re going to look,’ Trump said. ‘We also have – assets that we’ve never had. I mean we’ve never had growth like this.’
President Trump talked to both CNBC and Fox Business Network Wednesday morning in Davos, Switzerland
On CNBC, he told ‘Squawk Box’ host Joe Kernen that ‘at some point’ entitlement reform will be on the table, suggesting the strong economy should offset any cuts to programs like Social Security
In his interview with Fox Business Network’s Maria Bartiromo, Trump said one of his second term goals was to sign into law a new tax cut for the middle class
Trump spent his day and a half in Davos, Switzerland at the World Economic Summit touting the U.S’s strong economy under his leadership and did so again during his sit-down with Kernen Wednesday morning.
‘Look, our country is the hottest in the world. We have the hottest economy in the world,’ Trump gushed.
Over on Fox Business Network, Trump talked of a future tax cut with Maria Bartiromo.
‘We’re going to be doing a middle-class tax cut, very big one,’ Trump replied when asked by Bartiromo what he had planned for a potential second term. ‘We’re going to be doing that.’
Trump explained that this proposed tax cut differed from making permanent changes to the tax code the president signed into law in late 2017.
‘I’m going to make a tax cut, and we’re going to probably make the other permanent. It’s got a long way to go, in all fairness, but we’re going to make that permanent for the middle class, so we’ll be doing that,’ Trump said. ‘We’ll be announcing it over the next 90 days. That’s to me very important.’
Trump made it clear that he believed House Speaker Nancy Pelosi was standing in the way of any additional middle class tax relief.
‘We have to win the House,’ Trump said. ‘And I think we can. I think we will win the House.’
The president suggested the ‘impeachment hoax’ would benefit House Republicans politically.
The GOP already has a majority in the Senate.