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Keyword: taxreform

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  • TRUMP’S BIG TAX REFORM PLAN

    04/27/2017 8:36:22 AM PDT · by Sean_Anthony · 10 replies
    Canada Free Press ^ | 04/27/17 | Matthew Vadum
    Will the Left hold it hostage? The Trump administration unveiled an ambitious overhaul of federal tax laws yesterday that it is touting as the “largest tax cut for individuals and businesses in U.S. history. Republicans on Capitol Hill seem cautiously optimistic about the plan even though it was immediately attacked by the hateful class-warfare-mongering Left.
  • Mr. President: Do not release your tax returns. Ever. Here's why:

    04/25/2017 8:59:18 AM PDT · by Sean_Anthony · 28 replies
    Canada Free Press ^ | 04/25/17 | Dan Calabrese
    Line in the sand The latest Democrat threat is that they will somehow stop all tax reform until President Trump releases his tax returns. This follows constant media carping during the election demanding that very same thing, only to have the demand rejected by Trump and, by extension, by the electorate. But wait, you say! Polls consistently show the public wants Trump to release his returns. Sure they do, and it’s a classic example of what’s called push polling. When a pollster asks a person if he thinks something would be a good idea, that doesn’t necessarily mean the person...
  • Trump: Coming tax reform will be bigger 'than any tax cut ever'

    04/24/2017 10:20:41 AM PDT · by Sean_Anthony · 11 replies
    Canada Free Press ^ | 04/24/17 | Dan Calabrese
    Yuuuuuge Most of the media coverage, like this from CNBC, follows the current dopey trend of obsessing over how quickly the proposal will be done. Wednesday? Thursday? The following week? Maybe this is all about the spine-tingling drama of whether it will happen within Trump’s first 100 days, since all of America waits with bated breath for the answer to that question. Er, yeah . . . But when it happens is not the point at all. It’s what the plan consists of, and while Trump isn’t dropping many details, he’s certainly not being shy about establishing expectations:
  • End the Income Tax

    04/24/2017 4:46:06 AM PDT · by Kaslin · 72 replies
    Townhall.com ^ | April 24, 2017 | Katie Kieffer
    Tell President Trump to ask Congress to end the federal income tax so that you and I can reach our full potential for wealth.This weekend, President Trump tweeted that a: “Big TAX REFORM AND TAX REDUCTION will be announced [on] Wednesday.” This is great news. However, as we go through the process of improving the tax code, we must encourage our politicians to do two things:1.) Eliminate the unconstitutional federal income tax.2.) Reduce hidden taxes that politicians eternally use to offset tax “cuts”—namely increases in federal spending.America turns 241 years old in July. We’re still a “baby” nation in contrast...
  • Trump "Big TAX REFORM AND TAX REDUCTION will be announced next Wednesday."

    04/23/2017 4:44:39 PM PDT · by SMGFan · 9 replies
    Donald J. Trump twitter ^ | April 22, 2017 | President Donald Trump
    Big TAX REFORM AND TAX REDUCTION will be announced next Wednesday.
  • What Will the Fate of Tax Reform be in Today’s America?

    04/19/2017 2:34:48 PM PDT · by davikkm · 6 replies
    IWB ^ | Gabrielle Seunagal
    Following Republicans’ abysmal failure to repeal and replace Obamacare, the GOP announced that their next order of business would focus on tax reform. House Ways and Means Committee Chairman Kevin Brady declared that he would schedule a hearing in which the House will review a drafted tax reform blueprint. On April 27, a formal meeting will be held in order to discuss the border adjustment tax, also known as the BAT. Weeks ago, Republicans decided to “move on” from healthcare reform, but they sadly fail to comprehend that employing the same strategies to tax reform as they did with healthcare...
  • The Democrats' Desperate Ploy To Block Tax Reform

    04/19/2017 3:00:50 AM PDT · by IBD editorial writer · 24 replies
    Investor's Business Daily ^ | 4/18/2017 | Staff
    Taxes: Democrats say they won't work with President Trump on tax reform unless he first releases his tax returns. This has to be the lamest excuse for not fixing the tax code we've ever heard. Senate Minority Leader Chuck Schumer said this week that "if he doesn't release his returns, it is going to make it much more difficult to get tax reform done." Democrats say that seeing Trump's tax returns is critical to tax reform, because otherwise how would anyone know if changes to the tax code will benefit Trump. As Schumer put it, "releasing his own full tax...
  • Huffington Post Accidentally Destroys The Left's Entire 'Tax Fairness' Argument

    04/18/2017 3:49:49 AM PDT · by IBD editorial writer · 27 replies
    Investor's Business Daily ^ | 4/17/2017 | John Merline
    In an article headlined 'That GOP 'Middle Class' Tax Cut Might Be a Big Fat Trojan Horse For The Rich," a Huffington Post writer set out to attack Republican tax-cutting plans. There's nothing new about decrying tax cuts as giveaways to the rich. Democrats spent years trashing President Bush's tax cuts on those grounds, and the first chance President Obama had, he raised the top tax rates. But in making his case, Huffington Post senior White House correspondent S. V. Date inadvertently reveals a dirty secret about our current tax code. Namely, despite endless claims that the rich don't pay...
  • Why Does It Cost $409 Billion To Figure Out What We Owe In Taxes?

    04/18/2017 3:44:24 AM PDT · by IBD editorial writer · 29 replies
    Investor's Business Daily ^ | 4/17/2017 | Staff
    Tax Reform: If President Trump wants to drain the swamp, the best place to start is with the tax code, which is so complicated that Americans spend billions of hours and hundreds of billions of dollars just trying to figure out how much they owe. The IRS instructions for filing out the 1040 form include a box near the back that estimates how much time it takes to fill that one form out. This year, it's 15 hours. That's a 67% increase from 1988. This year, the instruction booklet runs 241 pages. In 1988 it was fewer than 80. The...
  • Here Comes The Tax Reform Challenge…

    04/15/2017 5:10:21 PM PDT · by HarleyLady27 · 10 replies
    The Conservative Treehouse ^ | April 15, 2017 | Sundance
    The issue we historically held with Mick ‘Cantalopes’ Mulvaney, was his direct association with Speaker Ryan when it comes to tax/budget plans. Thankfully, so far, Mulvaney has outperformed expectations and our fears have not been seen in Trump policy. We are cautiously optimistic. House Speaker Paul Ryan is all-in with his “Border Adjustment Tax”, it is part of his larger ‘Better Way’ tax agenda. Apparently, according to The Hill, Mulvaney is not in alignment with Ryan. Good. The bottom line is Ryan’s plan is Tom Donohue’s plan. Ryan’s “Better Way” is the construct of the U.S. Chamber of Commerce.
  • Trump to Congress: First repeal ObamaCare, then we'll tackle taxes

    04/13/2017 9:16:29 AM PDT · by Sean_Anthony · 27 replies
    Canada Free Press ^ | 04/13/17 | Dan Calabrese
    Which makes perfect sense because taxes make up the bulk of ObamaCare It really ticked me off at the time, but the more I think about it, the more I think the talk about just moving on to tax reform after initial AHCA failure was probably a gambit by Trump and Ryan to make the Freedom Caucus understand: Look fellas, if we’re just going to let ObamaCare stay as is, then the tax reform you want isn’t going to be the tax reform you’ll get.
  • Trump’s Tax Plan Could Affect Your Social Security

    04/12/2017 11:08:51 PM PDT · by Freedom56v2 · 59 replies
    Fiscal Times ^ | April 11, 2017 | Rob Garver
    The Trump administration, at work on a new plan for tax reform, is reportedly considering a plan to cross into one of the most dangerous territories in American politics: fiddling with the Social Security system. According to multiple reports, the administration is entertaining the possibility of eliminating the 12.4 percent payroll tax, which would require it to find a new dedicated funding source for the retirement checks that millions of Americans count on in their old age. The plan, first reported by the Associated Press, would be part of a major overhaul of the tax code that would make the...
  • Trump Scraps His "Phenomenal" Tax Plan, Goes Back To Drawing Board

    04/10/2017 12:47:43 PM PDT · by SeekAndFind · 17 replies
    Zero Hedge ^ | 04/10/2017
    Remember when Trump promised in early February that he would unveil a "phenomenal" tax plan within two to three weeks? Well, it was just scrapped, because as AP reports, Trump has scrapped the tax plan he campaigned on and is going back to the drawing board, hoping to find a plan that will have Republican consensus, something his current proposal has failed to achieve. In doing so, the president threatens the timetable of what many had seen as the primary driver behind his entire first year agenda, which is not in peril, and may not come until early 2018...
  • Report: Trump Moves to Own Tax Reform Plan Without Speaker Paul Ryan

    04/03/2017 11:44:36 AM PDT · by COUNTrecount · 38 replies
    Breitbart ^ | April 3, 2017 | Neil W. McCabe
    Politico reported Thursday that President Donald Trump, chastened by his experience pushing for the failed Ryancare bill, is moving forward on tax reform with is own economic team in the lead–not Speaker Paul Ryan (R-WI): Just on Thursday, President Donald Trump huddled with Treasury Secretary Steven Mnuchin, National Economic Council Director Gary Cohn, senior strategist Steve Bannon, son-in-law and consigliere Jared Kushner and staffers from the National Economic Council and Treasury to delve into the various policy trade-offs and ways to structure a plan. The key takeaway: The White House is not outsourcing these details to anyone, including the speaker...
  • Trump Needs A Big Win On The Board, Here's How To Get One

    04/01/2017 5:58:48 AM PDT · by IBD editorial writer · 18 replies
    Investor's Business Daily ^ | 3/31/2017 | Staff
    Taxes: After the GOP's health care bill debacle, President Trump is now turning his attention to tax reform. But unless he keeps this effort tightly focused, it could suffer the same fate. Trump met Thursday with his Treasury Secretary Steven Mnuchin on Thursday to talk about tax reform, which White House press secretary Sean Spicer described as the "first stages" of tackling the issue. The meeting came amid numerous reports that, if anything, reforming the nation's tax code would be harder than repealing and replacing ObamaCare, a challenge made still more difficult by Trump and House Speaker Paul Ryan's failure...
  • (Disgusting) White House looks past conservatives on tax reform - to Democrats

    03/26/2017 3:06:01 PM PDT · by 198ml · 59 replies
    Reuters ^ | 3/26/17 | Lindsay Dunsmuir and Doina Chiacu
    Fresh off a defeat on U.S. healthcare legislation, the White House warned rebellious conservative lawmakers that they should get behind President Donald Trump's agenda or he may bypass them on future legislative fights, including tax reform. The threat by White House chief of staff Reince Priebus to build a broad coalition on tax reform that could include moderate Democrats came as the Republican head of the tax-writing committee in the House of Representatives said he hoped to move a tax bill through his panel this spring. House Ways and Means Committee Chairman Kevin Brady said his committee had been working...
  • White House looks past conservatives on tax reform - to Democrats

    03/26/2017 1:11:20 PM PDT · by Mariner · 289 replies
    Reuters ^ | March 26th, 2017 | By Lindsay Dunsmuir and Doina Chiacu
    Fresh off a defeat on U.S. healthcare legislation, the White House warned rebellious conservative lawmakers that they should get behind President Donald Trump's agenda or he may bypass them on future legislative fights, including tax reform. The threat by White House chief of staff Reince Priebus to build a broad coalition on tax reform that could include moderate Democrats came as the Republican head of the tax-writing committee in the House of Representatives said he hoped to move a tax bill through his panel this spring. House Ways and Means Committee Chairman Kevin Brady said his committee had been working...
  • President Trump Follow Your Own Advice

    03/16/2017 7:59:37 AM PDT · by Sean_Anthony · 6 replies
    Canada Free Press ^ | 03/16/17 | Dr. Robert Owens
    Drop this grenade. Dodge this bullet. Give us tax reform. Give us regulatory reform. Numerous times the President has said in his opinion the Republicans should let Obamacare alone for a year or two. Let it implode (as it was designed to do) while the Democrats still own it. When President Trump gave his well-received speech at CPAC, he said that he has told Speaker of the House Paul Ryan and the Republican leadership in Congress to simply “let it implode.” The law is simply “repealing itself,” Trump told the audience. “All we have to do is let it implode.”...
  • Treasury Secretary Mnuchin: We're committed to 'very significant' tax reform by August recess

    02/25/2017 6:16:36 PM PST · by 1rudeboy · 15 replies
    CNBC ^ | February 23, 2017 | Jacob Pramuk
    Treasury Secretary Steven Mnuchin said Thursday that he wants to see "very significant" tax reform passed before Congress' August recess, in what could prove a tough task as lawmakers work through a complex agenda. "We want to get this done by the August recess. We've been working closely with the leadership in the House and the Senate and we're looking at a combined plan," he told CNBC in his first television interview since assuming office. President Donald Trump has repeatedly made pledges for tax reform and regulatory cuts since he took office, creating optimism among business executives and investors. So...
  • Making Made in America Great Again

    02/16/2017 6:02:28 AM PST · by Sean_Anthony · 2 replies
    Canada Free Press ^ | 02/16/17 | Megan Barth
    We need tax reform to make it easier to invest in American businesses, American products and American workers. It’s time for Congress to usher in a new era of American prosperity “As Factory Jobs Disappear, Ohio Town Has Few Options.” That headline from the New York Times has become an all-too-familiar staple of American journalism, a bitter reminder of how globalization has decimated the manufacturing sector in America’s heartland. Ohio alone lost 160,000 manufacturing jobs over a three-year period, thanks largely to low-cost imports. The Times story describes the heartache this economic upheaval sent through the city of Canton, shuttering...