Bernstein: Why Trump's lying is different

Carl Bernstein tells CNN's Jamie Gangel about why he thinks President Trump's penchant for telling falsehoods is different from lies told by past presidents.

Posted: Oct 23, 2018 10:33 AM
Updated: Oct 23, 2018 10:50 AM

President Donald Trump repeated Monday that he plans to offer a new tax cut plan before the midterms, even though no one seems to know what it will look like or how it might get through a Congress that only barely managed to pass his signature plan last year.

"We're putting in a resolution sometime in the next week-and-a-half or two weeks," Trump told reporters on his way to a campaign rally in Houston for Texas Republican Sen. Ted Cruz, his latest stop in a nationwide barnstorming tour to keep both chambers of Congress in Republican control.

The GOP has tried to make tax cuts and the booming economy a key selling point to voters. The President said the new plan would focus on middle-class Americans, as opposed to businesses, which were one of the main beneficiaries of his first tax cut.

"This is not for business. This is for middle. That's on top of the tax decrease that we've already given," he added.

Yet he acknowledged there would not be time for Congress to vote through new tax cuts before the November 6 vote.

"I'm going through Congress. We won't have time to do the vote. We'll do the vote later. We'll do the vote after the election," he said.

That's after he told reporters on Saturday that Republicans would unveil a new package "sometime just prior, I would say, to November."

The president, who didn't offer any specific details on his proposal over the weekend, left many in Washington befuddled over the surprise remark.

"Trump may be getting ahead of himself on this one," said Kyle Pomerleau, an economist at the Tax Foundation, a non-profit think tank in Washington.

Representatives from the Treasury Department and the White House Council of Economic Advisers did not respond to repeated requests for comment by CNN. A spokesperson for Rep. Kevin Brady, chair of the House Ways and Means Committee -- the lead taxwriting body in Congress -- also didn't respond.

A spokeswoman for House Speaker Paul Ryan referred questions to the White House.

A senior GOP congressional source told CNN that "there's no serious plan at the moment" with Congress out of session, but added maybe there is a "little discussion."

Lindsay Walters, a White House spokeswoman, said the President would like to see yet another tax cut for the middle class as part of the Trump administration's so-called "tax reform 2.0" plan. The first piece of the second wave of tax change was passed in September by the House, which included making individual tax cuts currently set to expire in 2025 permanent. The Senate has yet to take up the legislative proposal.

"As part of Tax Reform 2.0, the first elements of which were passed the House in September, the President would like to see an additional tax cut of 10% for middle-income families," Walters said in a statement.

The President's sudden mention of a tax plan echoed Trump's push in April 2017 to generate a tax cut proposal ahead of his 100th day in office, resulting in the release of a much-criticized one-page outline -- though that summary was later written into the tax bill passed in December.

Treasury Secretary Steven Mnuchin said in an interview with The New York Times on Sunday that he had been actively working on a plan with Brady, that would be unveiled "shortly."

"This is specifically focused on the middle class and not beyond that," Mnuchin said in the interview.

He did not offer any further details of what such a tax plan would entail or how it would be paid for.

Mnuchin noted that any plan in the works would be "different" than a bill that passed the House in September to make individual tax cuts permanent.

A big unknown is how the Trump administration plans to pay for yet another tax cut. Last year's $1.5 trillion tax cut is anticipated to add $1 trillion to the nation's deficit. The administration insists that the tax cuts will pay for themselves.

Last week, the Treasury Department released figures showing the federal budget deficit grew by 17% in the 2018 fiscal year, to $779 billion.

Jason Furman, an economist and professor at Harvard University's Kennedy School of Government, offered a ballpark estimate following the President's remarks, suggested a 10% income tax cut might cost nearly $2 trillion over the next decade.

The former top economic adviser under President Barack Obama noted, however, the exact details will depend on the details.

West Lafayette
Partly Cloudy
80° wxIcon
Hi: 78° Lo: 62°
Feels Like: 81°
Kokomo
Clear
80° wxIcon
Hi: 83° Lo: 62°
Feels Like: 81°
Rensselaer
Cloudy
72° wxIcon
Hi: 79° Lo: 60°
Feels Like: 72°
Fowler
Partly Cloudy
80° wxIcon
Hi: 80° Lo: 61°
Feels Like: 81°
Williamsport
Partly Cloudy
76° wxIcon
Hi: 82° Lo: 61°
Feels Like: 76°
Crawfordsville
Partly Cloudy
75° wxIcon
Hi: 79° Lo: 60°
Feels Like: 75°
Frankfort
Clear
75° wxIcon
Hi: 82° Lo: 61°
Feels Like: 75°
Delphi
Clear
74° wxIcon
Hi: 82° Lo: 62°
Feels Like: 74°
Monticello
Partly Cloudy
74° wxIcon
Hi: 81° Lo: 64°
Feels Like: 74°
Logansport
Partly Cloudy
79° wxIcon
Hi: 83° Lo: 61°
Feels Like: 80°
Hot today with sunshine, then muggy and stormy
WLFI Temps
WLFI Planner

Indiana Coronavirus Cases

Data is updated nightly.

Cases: 752108

Reported Deaths: 13816
CountyCasesDeaths
Marion1033831790
Lake558431013
Allen41736693
St. Joseph37007565
Hamilton36617417
Elkhart29425461
Tippecanoe22938228
Vanderburgh22565400
Porter19369327
Johnson18486389
Hendricks17696317
Clark13233195
Madison13176344
Vigo12631253
LaPorte12429221
Monroe12226176
Delaware10970198
Howard10349224
Kosciusko9643121
Hancock8578147
Bartholomew8174157
Warrick7864156
Floyd7815180
Grant7248179
Wayne7164201
Boone6979103
Morgan6768141
Dubois6224118
Marshall6214116
Cass6024110
Henry5903110
Dearborn589878
Noble581688
Jackson509476
Shelby502396
Lawrence4753122
Gibson445595
Clinton443555
Harrison441775
DeKalb440385
Montgomery439890
Whitley406744
Huntington403381
Steuben400859
Miami395769
Jasper389155
Knox377691
Putnam373461
Wabash362383
Ripley347370
Adams345555
Jefferson336186
White332753
Daviess3035100
Wells295481
Decatur289892
Greene286885
Fayette284864
Posey274335
LaGrange273272
Scott270356
Clay267148
Washington246336
Randolph245183
Jennings235349
Spencer234531
Starke228159
Fountain222048
Sullivan214843
Owen212358
Fulton204043
Jay201032
Carroll193820
Orange188255
Perry187237
Rush175926
Vermillion175344
Franklin170435
Tipton166646
Parke149616
Pike138334
Blackford136232
Pulaski120847
Newton114936
Brown104443
Benton102614
Crawford102516
Martin91815
Warren84115
Switzerland8158
Union72810
Ohio57911
Unassigned0424

COVID-19 Important links and resources

As the spread of COVID-19, or as it's more commonly known as the coronavirus continues, this page will serve as your one-stop for the resources you need to stay informed and to keep you and your family safe. CLICK HERE

Closings related to the prevention of the COVID-19 can be found on our Closings page.

Community Events