President Donald Trump said his administration was planning “phase two” of the recently passed GOP tax cuts Monday; announcing the White House was “very serious” about introducing new legislation just months after signing a sweeping overhaul of the nation’s tax code into law.
According to CNBC, the President was speaking with reporters while hosting the World Series champion Houston Astros at the White House; talking with Texan Rep. Kevin Brady over the possibility of passing more tax cuts in the near future.
“Kevin, are we going for an additional tax cut, I understand?” Trump asked. “He’s the king of those tax cuts, yeah? We’re going to do a phase two, I’m hearing that. You hear that, John and Ted? Phase two. We’re actually very serious about that, Kevin. So, it’s good.”
The President’s comments come after months of strong economic growth and record-breaking employment figures.
February job growth smashed all expectations; posting over 300,000 new full-time positions and setting a new record for the most Americans employed.
The GOP-sponsored cuts are widely credited for adding rocket fuel to an already healthy US economy; resulting in higher wages, big bonuses, and expanded benefits for millions of American workers.