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Catherine Rampell: The Republican tax cut is a big, fat failure

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Video: President Trump said Oct. 22 that he will propose to Congress a middle-income tax reduction of ‘about 10 percent’ within the next two weeks. (The Washington Post)

It has achieved none of the things that Republicans promised it would. It didn't reduce deficits. It didn't target the middle class. And it didn't win goodwill with voters.

Yet, for some reason, President Trump wants to do it all over again … in the next nine days, no less.

Last week the Treasury Department reported that the federal budget deficit swelled by 17 percent, or $113 billion, from fiscal 2017 to 2018.