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Thursday, October 12, 2017

Trump Tax Plan On Verge Of Disaster Amid Corker Feud, Paul Rejection

Now that President Trump’s simmering feud with Tennessee Senator Bob Corker has exploded into the open, it appears that Republicans’ odds of passing tax reform before the White House’s self-imposed year-end deadline are growing slimmer by the day, and according to Cowen analyst Chris Krueger, "tax reform is dead, full stop."

And with the administration increasingly staking its credibly on the process, Politico is reporting that White House Legislative Director Marc Short has - on the order's of the president - embarked on what’s probably a fool’s errand: coaxing Kentucky Sen. Rand Paul – one of the most vocal opponents of the administration’s agenda – to vote “yes” on the bill.

The Republican bill hasn’t yet been written, but Paul has already lashed out at the administration’s nine-page tax-reform proposal for appearing to offset tax cuts for corporations and the rich by raising taxes on the middle class. Indeed, as discussed previously, a review of the preliminary proposal by the nonpartisan Tax Policy Center suggested that middle-class taxpayers could wind up paying more if certain deductions, such as eliminating the deduction for state and local taxes, are eliminated.

Paul said in an interview that he’s undecided on both the budget and the tax plan blueprint but unleashed a torrent of criticism at the tax proposal nonetheless.

“The danger for this bill right now is the pay-for may be a middle-class tax hike. And if that’s that, it’s going to be a real problem,” Paul said. “If you lower the taxes on the rich and lower the taxes on the poor and then say, ‘Oh it’s going to be revenue neutral,’ we’ve got to raise somebody’s taxes to pay for it.”

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7 comments:

  1. The establishment better get its head out of its collective asses!
    The mid-term elections may find a lot of them gone - on both sides of the aisle.
    The voting public is sick of their inaction!

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  2. Go talk to Ron Paul about this. No tax on anyone until a certain income level is reached, then incrementally more as income rises.

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  3. There is not supposed to be any tax reform (relief) and therefore, there will be no tax reform.
    That is how things work in the corrupt capital.
    The swamp will not be drained.
    The people will not get what they want.

    ReplyDelete
  4. Yes. Taxes = no. Get rid.!. Too many . How to pay cash,? Yet we pay. They take [libs!] Libs want your money and Girls in Boys Scout s! No no ! Stop..?!

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  5. 7:51 you really think the rich men that run our country will knowingly tax themselves at an exponential rate?

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  6. Traitor John McCain says he will vote Against it as well.

    ReplyDelete
  7. I sleep well at night knowing President Trump has my back. Just watch, he'll get-r-done!

    ReplyDelete

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