Febrero 20, 2018

Cruz wants flat income tax, lower corporate rates

13 Setiembre 2017, 08:45 | Crisanna Felipe

US President Donald Trump has hinted that taxes on rich Americans may rise

US President Donald Trump has hinted that taxes on rich Americans may rise

Short, acknowledging that Republican support in the Senate for repealing and replacing the Affordable Care Act was "not reliable", said the president wants bipartisan backing for a tax package, and that's why the White House has been meeting with some Democrats as well as Republicans.

Just under half of the directors surveyed said the most important goal for tax reform legislation is the reduction of the 35% corporate tax rate.

White House spokeswoman Lindsay Walters confirmed the dinner plans.

"Todd Rokita will continue working to advance tax reform and supports President Trump and Vice President Pence in their efforts to move tax reform forward".

But while Democrats are eager to come to an agreement on DACA, tax reform may be a much more hard bipartisan assignment for Mr. Trump, as lawmakers in both parties have sharply divergent views on what changes need to be made.

Senator Joe Manchin talked about the dinner the next day with Morning Joe, voicing optimism about the president's plan.

Advocates of the move say it's a tax increase that most diners would never notice.

"We must also do all we can in our power to jump-start our stalled economy by fixing our broken tax system, which is what brings us here today", Cruz said.

Senate Majority Leader Mitch McConnell, whose desire for a longer extension of the debt ceiling was rejected by the president last week, claimed that the deal Trump struck was good for Republicans. The White House has left it to congressional tax-writing committees to fill in the details. "You see that with what's happening in Congress", Trump said, referring to the fact that Democrats hold enough seats to block any Republican proposal through filibustering. "Nobody can get anything through Congress".

Congress hasn't passed a major tax reform bill since 1986, as GOP leaders keep reminding voters.

But neither the administration nor the Republicans who control Congress have agreed on a detailed plan for overhauling the tax code, which was one of Trump's main campaign promises in 2016, despite months of discussions.

The Center on Budget and Policy Priorities was unable to calculate an estimate for the number of households in North Dakota that would benefit from eliminating the estate tax in its analysis because the number is so small.

The three Democratic senators who attended were Joseph Manchin, of West Virginia, Heidi Heitkamp, of North Dakota, and Joe Donnelly, of Indiana.

McConnell also raised doubts about another agreement between Trump and Schumer - to end the requirement that Congress approve the Treasury Department's request to raise the federal debt limit to allow it to keep borrowing money to pay the government's bills. But with a debt ceiling vote pushed to 2018, he said, "it decreases the amount of leverage they have".

Lawmakers who do not back this tax proposal should be voted out of office, the president called for his supporters.

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