Trump's Springfield Visit set at Manufacturing Company, Not Open to Public
- Author: Sonia Alvarado Aug 31, 2017,
Aug 31, 2017, 0:58
Tax reform was a major campaign promise for Trump and his Republican allies in Congress previous year.
Quade said democrats are working to get a veto override of House Committee Bill Three, recently vetoed by Governor Eric Greitens.
"This is an area on which I'm optimistic President Trump and I will find common ground", she said in a statement to the Washington Post over the weekend. Treasury Secretary Steven Mnuchin initially set the end of August as a timetable for passage of tax reform efforts and, in April, the administration released several topline numbers of its proposal. He called this a "once in a generation opportunity to deliver real tax reform for every day hard working Americans".
President Donald Trump will kick off his lobbying effort for a tax overhaul at an event in Missouri, with a manufacturing backdrop and some economic tough talk.
By easing the tax burden on business owners, especially small business owners, we give them the possibility to invest more into their businesses - meaning that they can expand their businesses and hire more workers. The GOP also intends to eliminate the death and estate taxes and to slash the corporate tax rate "as low as possible".
Trump made a slew of promises about his tax plan.
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The new plan will resemble the Bush-era legislation, as well, by including many tax cuts that come with expiration dates.
The speech, meant to shift Washington's focus from the failed overhaul of the Affordable Care Act to tax reform, is not expected to contain policy details.
"True tax reform would close loopholes and make the system fairer for everyone", AFT noted. The idea is this: the more tax companies pay, the fewer jobs they create and the lower their wages. "I hope so. Tell you what - the United States is counting on it".
"Americans for Tax Fairness " Make no mistake, what Trump and Republican leaders in Congress are proposing is not tax reform", Frank Clemente, executive director of Americans for Tax Fairness (AFT), said in a statement on Tuesday.
After a year without any major legislative wins, including a significant defeat on health care, the stakes are high for the White House and Republican leaders, who face mounting pressure to get points on the board before next year's midterm elections.
In terms of policy, though, there are signs that the Trump White House is continuing to defer to Republicans in Congress.