prensaestatal.com
prensaestatal.com Octubre 17, 2017


Trump says 20 percent rate his goal all along

29 Setiembre 2017, 08:18 | Martinez Canez

Trump says 20 percent rate his goal all along

Trump says 20 percent rate his goal all along

Trump's proposed plan would call for an increased child tax credit and for opening it to families with higher incomes. Third, tax reform should go through the normal legislative process so both Democrats and Republicans have an opportunity to craft a bipartisan package.

President Trump says the nation and economy can't move forward unless america dramatically reforms the outdated, complex, and extremely burdensome tax code.

Among a host of changes to individual and business tax rates, the headline figure is a reduction in corporation tax from 35 percent to 20 percent.

Standard Deduction A standard deduction is a set amount of income that is not subject to tax. But why shouldn't high-earners pay less tax?

Trump said his tax plan was aimed at helping working people, creating jobs and making the tax code simpler and fairer. Republicans say the plan will cut taxes to the middle class. Democrats insist that's not that case, claiming it favors the rich. Like it should have for 20 years. "Like millions of other Americans, Aaron wants to bring those jobs back to the United States", Trump said. "That's good for everyone".

Republicans have indicated they'd like to get the plan ready for president trump to sign off on by the end of the year.

HORSLEY: Many of the details of the plan still have to be filled in by congressional tax writing committees, and GOP leaders did leave the door open for a higher individual tax rate if that's what it takes to prevent the wealthy from shifting their own tax burden onto others.

Americans overwhelmingly want large businesses to pay more taxes rather than less.

The blueprint released Wednesday by Trump and congressional Republicans is a sweeping, almost $6 trillion tax cut that would deeply reduce taxes for corporations, simplify everyone's brackets and almost double the standard deduction used by most Americans.

Trump says 20 percent rate his goal all along
Trump says 20 percent rate his goal all along

Republican Congressman Erik Paulsen said in a statement that Minnesota middle-class families and small businesses should be excited about the plan.

But back of the envelope math suggests the truth is that working-class Americans with kids could actually pay more, or negligibly less, under Trump's plan. "What kind of plan is this?" The president's framework calls for as few as three brackets at 12, 25 and 35 percent.

If you have kids there's some good news. A unspecified fourth bracket could be added for the country's wealthiest people.

The first year of his administration has been stymied by internal chaos and stinging defeats in his attempt to repeal and replace former President Barack Obama's health care law.

North Country Congresswoman Elise Stefanik (R-Willsboro) said it is time for comprehensive tax reform.

"It's the difference between succeeding as a party and failing", he said.

Passing the tax plan has become critical for a president desperate for a win.

The tax cut is being proposed at a time when the publicly held national debt is already $14.6 trillion. "Lawmakers will have to be bold and creative in identifying tax preferences to be eliminated, in order to make the math work".

It's created to persuade more American taxpayers to take the standard deduction on their income taxes rather than itemizing their deductions.



Otras noticias

Tendencias Ahora

Trump thinks National Football League should create a rule that bans kneeling during anthem
Many people have figured out in recent years that they can draw attention to themselves by predicting doom and gloom for the NFL. It's a dog whistle to the racists among us to say otherwise. "We were in unity, and we wanted to stand for something".

Trump And The Strategy of Going Too Far — Ben Shapiro
As Treasury Secretary Steve Mnuchin said Sunday, team owners and Commissioner Roger Goodell have strict rules for NFL games. Only one player for the Steelers, Army veteran Alejandro Villanueva, stood on the field when it was played.

US Presidents Cup team will NOT be protesting during national anthem
JERSEY CITY , N.J. -Tiger Woods can drive a auto , he can drive a golf cart, but he still cannot drive a golf ball. I don't know what 100 per cent healthy means after eight surgeries, but I'll try to get as close as I can to that.

Bayern Munich part company with Carlo Ancelotti; Willy Sagnol takes over
Striker Robert Lewandowski made his feelings clear in a critical interview with Die Spiegel that was not authorised by the club. They've got big young talents like Kingsley Coman , Joshua Kimmich , and Niklas Süle to help keep their future secure.

Nokia 3310 now in 3G: Launch, Price, Specifications and Features
Nokia 3310 3G variant is the new version of the feature phone from HMD Global , and it has been announced for select markets. It is backed by a 1200mAh non-removable battery which offers up to 6.5 hours of talktime and standby time of up to 24 days.

Apple working on fix for iPhone 8 'crackling' sound issue
Blue Sky Asset Management LLC bought a new stake in shares of Apple in the second quarter valued at approximately $108,000. The new iPhone 8 and 8 Plus, and later the iPhone X , are important devices for Apple and anticipation is running high.

Obama tried to warn Zuckerberg about Facebook's fake news problem
Zuckerberg had been scheduled to take the stand in the shareholders suit in DE on 26 September, in a hearing open to the public. In the video , Zuckerberg outlined a plan for bringing Facebook's political ads to "an even higher standard of transparency".

Government Considering Lifting Shipping Restrictions To Puerto Rico
Ryan says "huge capital injection will occur in two days" to the Federal Emergency Management Agency's disaster relief account. This story is developing and we'll update it with responses from other tech companies as we get them.

Trump tried to use sports to divide us — LeBron James
That's five points lower than his career average (23.3), and his 43.4 field goal percentage last year was the worst of his career. The twelve-time All-star will play in Cleveland that will be without injured point guard Isaiah Thomas for until January.

Senate won't bring Graham-Cassidy to a vote
Today is the deadline for insurers to sign government contracts so they can sell health plans on the ACA marketplaces for 2018. Ultimately, Republicans made a decision to shelve health care and move on to their nascent effort to overhaul the tax code.