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Trump wants to cut taxes. Again. He just cut taxes.

President Donald Trump is in campaign mode and he seemed to make a new pledge Tuesday night, saying he would offer so...

Posted: May 23, 2018 12:47 PM
Updated: May 23, 2018 12:47 PM

President Donald Trump is in campaign mode and he seemed to make a new pledge Tuesday night, saying he would offer some kind of new tax cuts before November.

"We're going to be submitting additional tax cuts sometime prior to November," Trump said during a speech to the anti-abortion rights group Susan B. Anthony List.

And that was it. No specifics. No more information.

What happens in November? Midterm elections. Could the promise of new tax cuts excite the GOP base and help them ward off the anti-Trump fervor expected to drive Democrats to the voting booth?

RELATED: 45% of tax filers will owe nothing in federal income tax this year

The funny thing here is that Republicans just passed a massive and thorough slate of tax cuts, permanent for corporations and temporary for individuals. It was supposed to be a wholesale restructuring of the US tax code.

And they didn't do it overnight. Even though Republicans had been licking their lips for years at the prospect of slashing corporate tax rates to give American businesses more room to grow, it took pretty much all of 2017 for them to get the job done.

Granted, they had no help from Democrats, but it was a tortured process in which they had to focus all their power on Capitol Hill.

It wasn't easy.

And it hasn't yet turned out to be very popular.

RELATED: How businesses are really spending their tax cuts

An NBC News/Wall Street Journal poll asked if the Republican tax law was a good idea. Just 27% said it was. Thirty-six percent said it was a bad idea and 34% had no opinion. Republicans were the only partisan group in which a majority (56%) favored the law. Just 6% of Democrats and 26% of independents agreed.

Granted, many of the benefits for individuals don't kick in until Americans file their taxes next April, but Republicans had clearly hoped that delivering on a long-stated promise of tax reform would pay off.

So -- putting aside the possibility that Trump is just trying to find a way to remind people about his great and only major legislative win -- it's a little unclear why he would be vaguely proposing new tax cuts to be unveiled in tandem with Election Day.

Which taxes, exactly, would be cut, and how would they be paid for?

Passing the first round of tax cuts is a move that is already giving budget hawks heartburn -- though not enough to vote against it. The new tax law is slated to help push US deficits over $1 trillion as soon as 2020 and $2 trillion by 2028 unless or until the economy, which has been on a tear, grows even more to pay for them. Or the US government will have to further tighten its belt, cutting spending or reforming things like Social Security and Medicare, an effort which would lead to frustrations of its own.

There is also some evidence of buyer's remorse on the cuts that already passed. And perhaps that's some of what's behind Trump's comments. There's more to do!

Sen. Marco Rubio pointed out this tension in an interview with The Economist in early May when he implied the cuts arguably did more for corporations than for people. He later clarified they did a lot for people, too.

"There is still a lot of thinking on the right that if big corporations are happy, they're going to take the money they're saving and reinvest it in American workers," Rubio told The Economist. "In fact, they bought back shares, a few gave out bonuses; there's no evidence whatsoever that the money's been massively poured back into the American worker."

Americans remain bullish on the economy, however, and they trust Republicans more on that issue.

We'll have to wait and see what exactly Trump meant and whether his comments are a precursor of a new tax cut effort, better than the old tax cut effort.

Mississippi Coronavirus Cases

Data is updated nightly.

Cases: 153270

Reported Deaths: 3807
CountyCasesDeaths
DeSoto10249104
Hinds10095199
Harrison7173111
Jackson6440124
Rankin5705103
Lee517095
Madison4902107
Forrest385986
Jones361788
Lauderdale3567147
Lafayette329752
Washington3197108
Lamar294750
Oktibbeha248462
Bolivar242484
Lowndes240464
Panola224852
Neshoba2225118
Marshall219450
Leflore206891
Pontotoc202429
Monroe201078
Lincoln192865
Sunflower191955
Warren177757
Tate175351
Union169526
Copiah165440
Pike163958
Yazoo157940
Scott156630
Itawamba155635
Pearl River153468
Alcorn152828
Coahoma151043
Simpson150353
Prentiss148431
Adams143151
Grenada141445
Leake138344
Holmes131561
Tippah126730
George126225
Covington124639
Winston123726
Hancock122840
Wayne119023
Marion117346
Attala116134
Tishomingo110042
Chickasaw108332
Newton107529
Tallahatchie97427
Clarke92453
Clay92327
Jasper83522
Stone78515
Calhoun77713
Walthall76929
Montgomery75425
Carroll73815
Lawrence72614
Smith72116
Yalobusha72028
Noxubee71917
Perry67726
Tunica61819
Greene60822
Claiborne58816
Jefferson Davis57817
Amite55214
Humphreys54319
Benton49618
Quitman4947
Webster45014
Kemper44218
Wilkinson40122
Jefferson35711
Franklin3485
Choctaw3457
Sharkey31717
Issaquena1174
Unassigned00

Alabama Coronavirus Cases

Cases: 247229

Reported Deaths: 3577
CountyCasesDeaths
Jefferson32718500
Mobile19904362
Madison13425148
Tuscaloosa13167154
Montgomery12380236
Shelby1046577
Baldwin882098
Lee778566
Morgan675150
Calhoun6366121
Etowah635166
Marshall630955
Houston532338
DeKalb489736
Cullman447442
Limestone430245
St. Clair425755
Lauderdale413354
Elmore409464
Walker3689111
Talladega353554
Jackson327123
Colbert314642
Blount294640
Autauga275142
Franklin254233
Coffee246515
Dale234454
Dallas226532
Chilton225038
Russell22313
Covington220334
Escambia198631
Chambers177250
Tallapoosa177091
Pike159214
Clarke158919
Marion141336
Winston134423
Lawrence129636
Pickens124218
Geneva12378
Marengo122524
Bibb118817
Barbour117511
Butler117342
Randolph103821
Cherokee102924
Hale97731
Fayette92216
Clay92024
Washington91619
Henry8676
Lowndes79929
Monroe79011
Cleburne77414
Macon74522
Crenshaw71230
Bullock70019
Perry6896
Conecuh68514
Lamar6838
Wilcox63918
Sumter58422
Greene42718
Choctaw42613
Coosa3464
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