Issues, Politics

Next Up for Trump: ‘Big Tax Cuts, Tax Reform’

Now that the question of Obamacare vs. Ryancare has been answered after the demise of Paul Ryan’s AHCA on Friday, Trump is changing the conversation — one his chief talents — by turning his sites to taxes.

Via Twitter he made it clear that he intends to push Republicans in Congress to enact ‘big tax cuts’ as a part of major tax reform.

If they can pull it off — and defeat Democrats in the process — they could save much face lost in the dumpster fire of failed health care reform.

It’s gonna be interesting either way.

Here’s more from Newsmax…

Now that the effort to overhaul the nation’s health care system has collapsed, the Trump administration is turning its attention to tax reform.

President Donald Trump and Treasury Secretary Steven Mnuchin said Friday that the administration will now focus on gaining congressional approval for a sweeping tax overhaul plan.

Trump’s comments came after Republicans were forced to cancel a House vote on their bill to repeal and replace the Affordable Care Act because they could not get the support needed for passage.

After Republicans pulled the health measure, Trump told reporters at the White House, “I would say that we will probably start going very, very strongly for the big tax cuts and tax reform. That will be next.”

While the GOP decision to pull the health care proposal could be an ominous sign for tax cuts and the rest of Trump’s legislative agenda, Trump was more optimistic, saying, “now we’re going to go for tax reform, which I’ve always liked.”

Earlier in the day, Mnuchin, the president’s chief economic spokesman, suggested that tax reform might be easier to sell in Congress.

“Health care is a very complicated issue,” Mnuchin said. “In a way, tax reform is a lot simpler.”

During a morning interview, Mnuchin said he had been overseeing work on the administration’s bill over the past two months and it would be introduced soon. He said it would be one proposal that would cover both cutting individual and corporate taxes in the same legislation.

“We are not cutting this up and doing little pieces at a time,” Mnuchin said.

He said the goal was still to win congressional approval of the tax measure by August. But if the timeline is delayed, he said he expected the proposal to pass by the fall.

At the White House, press secretary Sean Spicer acknowledged the August deadline is an “ambitious one” for such a comprehensive and complicated project, but he said it’s a goal the administration “is going to try to stick to.”

You Might Also Like