Trump suggests he wants to build on the 2017 GOP tax cuts: 'I'm all for reducing taxes further'

Trump indicated he'd be in favor of building on his 2017 tax cuts.
"I'm all for reducing taxes further," he said at a Heritage Foundation's conference on Thursday.
Republicans favor keeping the temporary individual tax cuts, which expire in 2025.

Former President Donald Trump said on Thursday he was in favor of additional tax cuts, providing a glimpse into his potential economic priorities if he mounts a second presidential bid in 2024.

"I'm all for reducing taxes further," he said at the Heritage Foundation's annual leadership conference on Thursday.

He largely stuck to a message of encouraging economic growth and touted his aggressive stance towards China while he was in office. Trump hammered Biden for inflation, which has hit a four-decade high due to a combination of factors like supply-chain bottlenecks and labor shortages.

"Our movement must continue to pursue a populist, nationalist economic agenda that puts working families before globalist populations and woke multinational corporations," he said.

A spokesperson for Trump didn't immediately respond to a request for comment.

Trump has dropped hints in recent weeks that he wants to run for the White House again. But he hasn't made an official announcement yet, likely since it would bind him to certain campaign finance requirements.

"I don't want to comment on running, but I think a lot of people are going to be very happy by my decision," Trump told the Washington Post earlier this month. "Because it's a little boring now."

In 2017, Trump enacted the tax cuts with only Republican votes in Congress. The law permanently slashed the top corporate tax rate to 21% from 35%. It also reduced individual tax rates and doubled the child tax credit to $2,000 from $1,000 — but these changes are set to expire in 2025.

Many Republicans support making them permanent and oppose Democratic-led efforts to unwind the law.

Democrats initially sought to reverse the corporate tax cuts to finance the House-approved Build Back Better plan, arguing the GOP law was a giveaway to wealthy Americans and large firms. But much of the law will likely survive since Sen. Kyrsten Sinema of Arizona, whose vote Democrats will need to pass any legislation in the 50-50 senate, opposes those tax increases.

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