by Ruby Henley
President Trump needs the support of Republican senators to pass key legislative items in the coming months. Upcoming measures include bills to raise the debt ceiling to avert default, fund the government to avoid a shutdown, and overhaul the American tax system. However, the out and out feud he has with Mitch McConnell may prove to be the undoing of his tax reform which the American people need and want.
President Trump has done multiple things in the past 24 hours that will annoy Mitch McConnell from CNBC.
Speaker Paul Ryan (R-Wis.) is urging conservatives to bring it on. “I say: Let’s have this debate. Let’s tackle these baseless arguments head on,” Ryan said in prepared remarks for a speech on Thursday at the Heritage Foundation, an prominent conservative think tank.
The White House and congressional GOP leaders released a tax-reform framework in late September that is designed to serve as a starting point for legislation. The plan would collapse the number of individual tax rates, slash rates for businesses and eliminate the estate tax and the alternative minimum tax.
I have said this before, and I will say it again, get over yourselves and do your jobs for the American people. I know President Trump is good at speaking directly and without hesitation, but some cannot take it.
McConnell has fumed over Mr. Trump’s regular threats against fellow Republicans and criticism of Senate rules. However, he recently made the comment that he, Trump and both of their teams “have been and continue to be in regular contact about our shared goals.” They are working together on issues like creating jobs, raising the debt ceiling, funding the government, and setting the defense budget, among other issues, the statement added.
“We have a lot of work ahead of us, and we are committed to advancing our shared agenda together and anyone who suggests otherwise is clearly not part of the conversation,” the senator said.
The White House put out a statement saying that McConnell and Trump “remain united on many shared priorities, including middle class tax relief, strengthening the military, constructing a southern border wall, and other important issues
President Trump is very optimistic in passing his tax code for the American people, who are working every day people, like truckdrivers – Americans who make the system work for everyone. He just finished pitching his tax plan to truckers just outside Harrisburg, Pennsylvania, as his administration tries to persuade Congress to pass legislation.
“The confidence in our country is back, like it hasn’t been in many, many years,” Mr. Trump said as a truck with a “Truckers for Tax Reform” sign was seen behind him.
Trump said the country cannot get on the track it needs to be on without reforming the complicated tax code, launching into his plan to simplify the number of tax brackets and slash taxes on businesses. The president emphasized that his plan is pro-family, pro-business and pro-growth.
“And that’s why I’m here with you, right now, tonight, thank you. And we’re going to fight and we’re going to get those Republicans and maybe a few of those Democrats …” Mr. Trump said.
In the following video President Trump says there will not be tax cuts for the rich. Could this be why we are seeing so many on Capitol Hill working against him?
President Donald Trump’s tax overhaul package is getting resistance from an unusual alliance of interests opposed to his plans to scrap the federal deduction for state and local taxes.
Republican lawmakers from high-tax states such as New York, California and New Jersey, along with labor unions and business groups like Realtors, are pressing the Trump administration to reconsider plans to eliminate the deduction. These groups are wary of the financial pinch their constituents could feel.
“This is really almost like a life or death issue for districts like mine,” says Rep. Peter King, R-N.Y., who represents a district on New York’s Long Island. “This cannot be called a rich district. It serves a lot of middle-income people.”
With Republicans splintered, the future of the $6 trillion tax overhaul plan is threatened by GOP defections, even as the success of the package is a political imperative for Republicans who have pinned their hopes on notching a big legislative achievement to help them retain control of Congress in next years elections.
Rep. Chris Collins, R-N.Y., a Trump ally, warned Wednesday that states such as New York, New Jersey, California and Illinois would need some “accommodations” to go along with eliminating the deduction for state and local taxes paid, possibly a cap on how much could be deducted.
Completely scrapping the deduction “would impact too many middle-income people,” Collins said.
The deduction is claimed by an estimated 44 million people and costs the government roughly $1.3 trillion over 10 years, money Trump wants to offset the costs of the plan.
by Ruby Henley