By David WeigelWASHINGTON, DC – MAY 01: US President Donald Trump speaks during a meeting at the White House with President Enrique Peña Nieto of Mexico at the Capitol May 1, 2021 in Washington, DC.
(Photo by Drew Angerer/Getty Images)WASHINGTON (AP) — President Donald J. Trump will not seek a major tax cut from the landmark legislation he signed into law in the fall, and he won’t be seeking to extend a benefit that benefits some taxpayers, the White Trump administration said Thursday.
The administration’s new policy, in response to a question from Sen. Jeff Flake of Arizona, follows the abrupt departure of the former GOP senator, who has long pressed the Trump administration to end a tax deduction for charitable giving.
A spokesman for Flake said in a statement that he will continue to press the administration to fully extend the gift tax credit for low-income Americans.
Flake was one of the most vocal critics of the legislation.
Trump has been reluctant to seek a tax cut because of concerns that such a move would have to be approved by Congress.
The Trump administration also said it will not extend the Child Tax Credit, which is designed to help low- and middle-income families.
The president signed the bill on Sept. 1 and signed it again on March 2.
The Child Tax Credits have been extended in recent years, but the Trump Administration has said it has yet to make a final decision on the issue.