“Senate Passes Budget Blueprint Key To Trump Tax Effort” Reply


HUFFINGTON POST

“WASHINGTON (Reuters) – President Donald Trump’s drive to overhaul the U.S. tax code cleared a critical hurdle on Thursday when the Senate approved a budget blueprint for the 2018 fiscal year that will pave the way for Republicans to pursue a tax-cut package without Democratic support.

By a 51-to-49 vote, the Republican-controlled Senate approved the budget measure, which would add up to $1.5 trillion to the federal deficit over the next decade in order to pay for proposed tax cuts.

“Now with this budget, we’re on a path to deliver much-needed relief to American individuals and families who have borne the burden of an unfair tax code,” Senate Majority Leader Mitch McConnell said after it passed.” MORE

“No tax cut for the wealthy? Easier said than done” Reply


POLITICO

“President Donald Trump has promised that wealthy Americans won’t get a massive tax cut as part of Republicans’ plans to rewrite the tax code.

But there’s a problem with that: Higher earners already shoulder most of the tax burden while average Americans pay a relatively small share of income taxes, making it increasingly difficult to cut taxes, particularly tax rates, without favoring the rich.” MORE

“Lawrence: GOP should have zero confidence in Trump tax push”


MSNBC

President Trump unveiled the Republican tax plan, but immediately went off-script during his speech to share the dirty little secret of so-called tax reform when he told the crowd it was all about “massive tax cuts.”

“Trump Wants To Tax Your Retirement Account To Pay For Tax Cuts For The Rich and Corporations”


POLITICUS USA

“One of the proposals being floated by the Trump White House on tax reform is to tax the retirement plan contributions of workers upfront to pay for tax cuts for the wealthy and corporations.”  MORE

“Trump’s electoral threat against Sen. Claire McCaskill raises legal questions”


POLITICO

“We must — we have no choice — we must lower our taxes. And your senator, Claire McCaskill, she must do this for you, and if she doesn’t do it for you, you have to vote her out of office,” Trump said to loud applause and whistling from the audience. “She’s got to make that commitment. She’s got to make that commitment. If she doesn’t do it — we just can’t do this anymore with the obstruction and the obstructionists.”  MORE

“McConnell plans to pass tax bill with just GOP votes”


POLITICO

Senate Majority Leader Mitch McConnell reaffirmed the GOP’s longstanding intention to shield any tax overhaul from a likely Democratic filibuster. | J. Scott Applewhite/AP

“Paul Ryan Was Right: This Was A Defining Moment For The Republican Party”


HUFFINGTON POST