US: 10% tax cut for middle income earners – Danske Bank

In the US, President Donald Trump has promised that Congress will pass a 10% tax cut for middle income earners after the mid-term elections, points out the research team at Danske Bank.

Key Quotes

“It may be an attempt to put pressure on the Democrats, who seem likely to win the majority in the House. It would challenge them going into the election as well as afterwards if they sit with the House majority and will not vote it through. The news took many Republican Party leaders off guard.”