- \n
House Speaker Ryan leaves door open on taxes, deficit<\/span><\/li>\n
Ryan says tax reform outline reflects consensus of lawmakers, administration<\/span><\/li>\n
Factbox: Trump on Twitter (Sept 13) – Tax reform, Florida<\/span><\/li>\n<\/ul>\n
The White House said Trump\u2019s meeting with seven senators, including three Democrats, on Tuesday night on taxes was \u201chighly productive\u201d and would \u201cspur constructive discussion.\u201d <\/p>\n
Trump went to Twitter to urge Congress to \u201cmove fast\u201d on what he called \u201cthe biggest Tax Cut Tax Reform package in the history of our country.\u201d He also tweeted that the tax measure \u201cis needed more than ever\u201d after the damage caused by hurricanes Irma and Harvey. <\/p>\n
DIFFERING VISIONS <\/h3>\n
Republicans have been trying for most of the year to come up with a detailed tax plan while ignoring the Democrats. There has been no comprehensive overhaul of the U.S. tax code since 1986, and the starkly different visions embraced by the two parties for how to move forward promise to make the task difficult. <\/p>\n
Republicans are advocating a deep cut in the corporate tax rate, tax cuts for the middle class and a simplified code. But Democrats, emphasizing the need for relief for the middle class, have criticized the Republican efforts as benefiting mainly the wealthiest Americans. <\/p>\n
Ryan said the outline being worked on now would reflect the consensus of the House Ways and Means Committee, Finance Committee and the Trump administration. <\/p>\n
\u201cI would love to have the Democrats supporting and working with us in a constructive way on tax reform, but we\u2019re going to do it no matter what,\u201d Ryan said. <\/p>\n
Ryan, in an interview with the Associated Press, left the door open on whether the tax proposal would increase the U.S. deficit or follow Republicans\u2019 long-standing principle that the cost of any legislation be offset by government spending cuts. <\/p>\n
Ryan and Treasury Secretary Steven Mnuchin last week expressed confidence that Congress will pass the tax legislation this year. Both have cast doubt on the likelihood that the plan would realize Trump\u2019s goal of cutting the corporate tax rate from the current 35 to 15 percent. <\/p>\n
In his nearly eight months in office, Trump has failed to get his major legislative goals through Congress. A bid to dismantle the Obamacare healthcare law fell apart and he has not unveiled detailed proposals on taxes and infrastructure spending. <\/p>\n
Democrats largely have lined up against Trump\u2019s legislative priorities, but he has shown a newfound willingness to work across party lines. <\/p>\n
Democratic aides said Schumer and Pelosi will press Trump on Wednesday evening for action to protect the Dreamers after the president rescinded a five-year-old program to spare them from deportation, and to stabilize health insurance markets under Obamacare. <\/p>\n
Democrat Joe Manchin, one of the senators who met with Trump on Tuesday, told CBS News that Trump was \u201cvery aggressive\u201d on the need for a bipartisan plan. <\/p>\n
\u201cThe president comes out right away and says, \u2018Listen, this is not a tax cut for the rich. I\u2018m not going to get a tax cut, nor any of the wealthy, super one-percenters will get any tax cuts,’\u201d said Manchin, saying he is \u201canxious\u201d to see a template of the plan. <\/p>\n
Reporting by Roberta Rampton and Susan Cornwell; Additional reporting by Makini Brice, Richard Cowan, David Morgan and Susan Heavey; Writing by Will Dunham; Editing by Frances Kerry and Alistair Bell<\/p>\n
Article source: http:\/\/feeds.reuters.com\/~r\/Reuters\/PoliticsNews\/~3\/Z2qUgpBmoHo\/trump-steps-up-talks-with-democrats-on-taxes-as-timetable-set-idUSKCN1BO1HM<\/a>\r\n<\/p>","protected":false},"excerpt":{"rendered":"
WASHINGTON (Reuters) – U.S. President Donald Trump on Wednesday stepped up his outreach to Democrats to try to make good on a campaign promise for major tax cuts, while fellow Republicans in the House of Representatives promised an outline of a tax plan in two weeks. The White House and the Republican-led Congress have not […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[84],"class_list":["post-91017","post","type-post","status-publish","format-standard","hentry","category-political","tag-political"],"_links":{"self":[{"href":"https:\/\/usa.timesofnews.com\/breaking-news\/wp-json\/wp\/v2\/posts\/91017","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/usa.timesofnews.com\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/usa.timesofnews.com\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/usa.timesofnews.com\/breaking-news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/usa.timesofnews.com\/breaking-news\/wp-json\/wp\/v2\/comments?post=91017"}],"version-history":[{"count":0,"href":"https:\/\/usa.timesofnews.com\/breaking-news\/wp-json\/wp\/v2\/posts\/91017\/revisions"}],"wp:attachment":[{"href":"https:\/\/usa.timesofnews.com\/breaking-news\/wp-json\/wp\/v2\/media?parent=91017"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/usa.timesofnews.com\/breaking-news\/wp-json\/wp\/v2\/categories?post=91017"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/usa.timesofnews.com\/breaking-news\/wp-json\/wp\/v2\/tags?post=91017"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}