Saturday, March 25, 2017

Next Up for Trump: 'Big Tax Cuts, Tax Reform'



Well, I don't know anyone who doesn't like more in their wallets. 
Of course for people who don't pay taxes, this sounds like Greek and has no effect on them. 

NewsMax reports 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."


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