Missouri Senator Roy Blunt Will Arrive With President Trump Today
President Donald Trump today offered Americans an appealing description of the tax reform he wants – but none of the details.
In an address kicking off his administration’s push to overhaul the USA tax system, President Donald Trump outlined a broad set of proposals Wednesday, including lower rates and a reworking of the tax code, and placed pressure on Congress to deliver on the pledges to help the Republican party overcome a series of legislative setbacks early in his presidency. Claire McCaskill – up for re-election next year – is “opposed to big tax cuts” and said a “Republican will win” the state.
The result, he said, would be “a big, fat, lovely paycheck” and restored pride for American workers – at the expense of “deep-pocketed special interests” and wealthy people like himself.
That level of determination among key players means a tax bill is still possible, said Kevin Madden, a Republican communications strategist who worked for former House Speaker John Boehner. “And it could be much worse than that”.
President Donald Trump is planning to kick off one of the most important sales pitches of his presidency this week – getting Americans fired up about rewriting the US tax code.
“This is where America’s Main Street will begin its big, attractive comeback”, the president declared.
Senate Republicans plan to use a procedural tactic to prevent Democrats from blocking the tax overhaul with a filibuster. “This is going to be a speech focused on why we need tax reform, not necessarily how we are going to have tax reform legislation look”, a senior White House official said in a conference call with reporters.
“And I am fully committed to working with Congress to get this job done”. Trump said. “Do you understand?” “I think Congress is gonna make a comeback, I hope so”.
Some Democrats, like Missouri’s Sen.
It’s easy to see why the smart thing politically would be to apply the lower rates to 2017; more money would show up in taxpayers’ refund checks in spring 2018, before the midterm elections.
Did you miss President Trump’s speech? But previous Trump efforts to play up important priorities, such as “Infrastructure Week”, “Technology Week” and “Made in America Week” have been upstaged by various Trump controversies, including Trump’s own attacks on allies and critics alike. He added that the plan should not increase the budget deficit and should be written by both parties – not just Republicans like the GOP’s failed health care effort.
Trump’s attempt to frame the debate comes as he and his administration have raised the need for tax reform in fits and starts since the early days of his presidency.
However, if he was so dead set on going to Missouri, at the very least he could have supplied more information about what his tax reform would actually do.
On Wednesday, Trump mentioned the hurricane victims and first responders in his opening remarks.
McConnell is scheduled to attend next Wednesday morning’s White House meeting, according to congressional aides. The U.S. corporate tax rate of 35% is way higher than the OECD average of about 24%.
Still, tax rates are only a part of the picture. There is still disagreement, for example, on how significantly to decrease the corporate tax rate and whether to make the legislation revenue neutral.
White House officials, like National Economic Council Director Gary Cohn, have said the administration is turning over the process of hammering out a plan to the congressional committees in charge of taxes.
This presents a choice for Republicans: Go with a more modest tax cut that can be offset by growth and closing loopholes, or opt for a more ambitious cut but allow it to sunset after a decade.