It Looks Like a Major Lib Narrative About the Alleged Healthcare CEO Killer...
CNN Commentator Blows a Gasket Over Trump's Proposal for Birthright Citizenship
Ambassador Kari Lake?
The Liberal Media Reaction to the Daniel Penny Verdict Was Off the Rails
Pardoning the Unpardonable
Meet the Trump Nominees Who Will 'Make America Wealthy Again'
Wray Reportedly Preparing Resignation As FBI Director
Is a Ban on Artificial Red Food Dye Coming?
House Dem Says There Could Be 'Huge Bipartisan Cooperation' With DOGE on One...
Why Are Politicians So Weak? Part Two
Trump Mocks Trudeau As Canada’s ‘Governor’
Justice: The Anti-Racist Acquittal of Daniel Penny
Daniel Penny Goes on Bar-Hopping Victory Lap
Jordan Neely Protest Takes Unexpected Turn
From Legislation to Litigation: The Battle Over Tobacco Harm Reduction
Tipsheet

White House Tax Reform Plan Coming in September

Tax reform is at the top of President Trump's agenda this week and according to Economic Advisor Gary Cohn, a solid plan will be delivered by the White House in September. From AP:

Advertisement
Cohn added that the administration wants to bring a finished tax bill to the House and Senate, rather than prolonging talks after its introduction.
The administration has only released a one-page outline of its principles to lower tax rates and simplify the tax code. But Cohn said Tuesday at a meeting of technology executives that he or Treasury Secretary Steve Mnuchin get a phone call each day from President Donald Trump about the overhaul’s status.
He said the president “could not be more excited about what we’re doing.”

Speaker of the House Paul Ryan gave a major speech on tax reform Tuesday in front of the National Association of Manufacturers in Washington D.C., arguing the current system is far too expensive, arbitrary and puts the United States at an economic disadvantage. The House plan will eliminate the death tax, consolidate seven tax brackets into three and make it possible for Americans do file their taxes on a postcard.

"Ladies and gentlemen, we are going to fix this nation’s tax code once and for all. You may recall that the last time we did this was three decades ago, he same year I got my driver’s license. Yes, a lot has changed since then. Our economy is more interconnected with the rest of the world than ever before. The Internet has transformed the way we do business and go about our lives," Ryan said. "But as the world changed, our tax code has remained stuck in neutral. It has ballooned to 70,000 pages of rules and regulations that few people today actually understand. There is an old line about this: our tax code is about five times as long as the Bible, but with none of the Good News."

Advertisement

"President Trump recently introduced a set of principles for tax reform, and right now we, the House and Senate, are working with the administration to turn them into a transformational tax reform plan. Chairman Kevin Brady and our Ways and Means Committee members are holding open hearings and meeting with stakeholders on this right now," he continued.


Join the conversation as a VIP Member

Recommended

Trending on Townhall Videos

Advertisement
Advertisement
Advertisement