Sunday, 24 September, 2017

Ryan to impanel GOP working group on DACA

Image Trump speaks before departing Washington for Florida Speaker Ryan Says Deporting Illegal Children Not In America's Interest
Sammy Stanley | 17 September, 2017, 07:00

Trump's notion that economic growth will pay for most of it is fantasy, and Democrats are not going to sacrifice popular tax deductions such as those for mortgage interest and charitable donations to help pay for tax cuts for the rich.

Trump urged lawmakers gathered to discuss tax reform not to forget the immigration issue as they dig into the fall agenda.

Trump reiterated that he hoped to lower the top corporate tax rate from 35 to 15 percent, something Ryan has already ruled out as impractical - and an idea the president himself has backed off from, according to people with knowledge of a meeting he held Tuesday night with bipartisan senators. Ron Wyden, an Oregon Democrat, have united most of their caucus behind a demand that any tax reform not only go through the normal procedure, rather than reconciliation, but that it also not benefit the top 1 percent of taxpayers or add to the deficit. The president said on his trip to Florida last week that he wants to cut taxes for the middle class and that "the wealthy Americans are not my priority".

He didn't say that Thursday, and he emphasized that wealthy Americans are not his priority.

Others involve the contents of the tax blueprint itself, which Ryan and his lieutenants envision as a far-reaching reform plan that would significantly lower rates for corporations and individuals while cleaning up the loophole-ridden code.

Florida governor orders removal of nursing home from Medicaid after 8 died
State and local officials said the nursing home had contacted them, but did not request any help for medical needs or emergencies. In a later statement, Carballo said, "The center and its medical and administrative staff diligently prepared" for the hurricane.

House Ways and Means Chairman Kevin Brady, who'll play a primary role in shaping an eventual bill, repeated his goal of providing tax cuts to all income segments. This is another tax break for the wealthy, not the middle class. However, China's corporate tax rate is technically 25 percent, with some companies meeting qualifications to have tax rates reduced to 15 percent.

Or maybe not. House Speaker Paul Ryan on Wednesday "backed off months of promises that the Republicans' tax plan won't add to the nation's ballooning deficit", the Associated Press reported.

Referencing tax cuts signed by President George W. Bush, Ryan said, "You can't just do what Bush did in 2001 and 2003". Conservatives went along, only to see leaders struggle and fail to follow through on that promise.

Ryan, R-Wis., said the GOP's goal is to enact tax overhaul into law by the end of this year, not simply push it through the heavily Republican House, "so that we start 2018 in a new tax system".

A major one is the GOP's failure, thus far, to pass a federal budget, which under legislative rules is a prerequisite for a tax plan that can avoid being stalled to death by Democrats in the Senate. The Tax Policy Center, a joint effort of the Urban Institute and the Brookings Institution, estimates that the tax cuts Mr. Trump outlined in broad detail this spring would increase the deficit by $7.2 trillion over the first decade. But unless there is a sudden epiphany in Washington, what Trump and congressional leaders are pursuing is not tax reform.

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