Trump, House Republicans to talk tax cuts at White House
Source: Reuters
Trump and congressional Republicans have hailed the deep tax cuts passed in December as critical to U.S. economic growth, though Democrats have called them a giveaway to corporations and the wealthy that will run up deficits for years to come.
Ways and Means Republicans are pursuing a legislative package, dubbed tax reform 2.0, that would make permanent $1.1 trillion in tax cuts for individuals, families and private businesses that were approved on a temporary basis in December. Those cuts are set to expire in 2025.
Trump has also said he is considering cutting the U.S. corporate income tax rate to 20 percent from 21 percent.
The new House legislation is seen as an attempt to appeal to Republican voters ahead of the Nov. 6 mid-term election in which Democrats are seeking to seize control of Congress from Trumps party. Many Republican House incumbents are on the defensive against Democrats.
Read more: https://www.reuters.com/article/us-usa-trump-lawmakers/trump-house-republicans-to-talk-tax-cuts-at-white-house-idUSKBN1K72AN
Dave Starsky
(5,914 posts)People not buying enough? Tax cuts.
Stock market falling? Tax cuts.
Inflation out of control? Tax cuts.
Gas too expensive? Tax cuts.
Groceries too expensive? Tax cuts.
Unemployment too high? Tax cuts.
Seems like we've been using tax cuts as a solution for everything for a while, and it flat out doesn't work.
sandensea
(21,650 posts)The Cayman Islands' infamous Ugland House - home to almost 20,000 corporations.
Dave Starsky
(5,914 posts)That is where the money goes.
sandensea
(21,650 posts)Those tax cuts practically saved his Caymans laundry, NML, from insolvency.
Well, that and the Argentine taxpayers.
turbinetree
(24,710 posts)get away with being a traitor.......................TICK TOCK MOTHER FUCKERS
https://www.democraticunderground.com/10142111540
duforsure
(11,885 posts)Absolutely will help retake both the House and the Senate. He's nuts if he thinks people will vote for them doing this now. Mine is ted cruz, and he has to go, he'll vote for anything for the wealthy , and nothing for health care.
turbinetree
(24,710 posts)Solution:
https://jessecolvin.com/
&
https://benjealous.com/
mahatmakanejeeves
(57,570 posts)paleotn
(17,938 posts)lordsummerisle
(4,651 posts)please tell me this is from The Onion....
GeorgeGist
(25,322 posts)at BANKRUPTCY.
Mc Mike
(9,115 posts)Don't worry about putin taking the country over, repugs.
Maybe they can pass a special taxcut geared toward russkie oligarchs.