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Business tax all the way down from 35 to 20,” Trump told reporters, remarking on a core provision of the Senate bill. “It could be 22 when it all comes out, but it could also be 20. We’ll see what ultimately comes out.”

Lowering the corporate tax rate was a centerpiece of the plan, and Republicans have said that it will help businesses free up money to invest, grow and raise wages. They continually reshaped the tax-cut bills in the House and Senate to help businesses, even if it meant cutting back on tax benefits for individuals and families.

Senate Majority Leader Mitch McConnell (R-Ky.) dismissed suggestions that the corporate rate could rise to 22 percent, pointing to votes in both the House and Senate that would set it at 20 percent. “That would be a major change,” McConnell said in a telephone interview, adding that the vote showed he does not “have much of a margin.”

House conservatives have strongly opposed a higher corporate rate, with Rep. Mark Meadows (R-N.C.), chairman of the Freedom Caucus, saying that anything above 20 percent would be unacceptable. It remained to be seen how the president’s endorsement of a higher rate might impact their stance.

Trump appears to be knocking heads with the swamp, and realizes the current bills soak individuals at the expense of the corporations.

I don't know if that will go anywhere, but bless Trump for at least acknowledging it.

1 posted on 12/03/2017 4:16:57 AM PST by SkyPilot
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To: SkyPilot
realizes the current bills soak individuals at the expense of the corporations.

?

2 posted on 12/03/2017 4:22:32 AM PST by gasport (Smash the Beast - starvation takes too long)
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To: SkyPilot

How many votes will Trump save by raising the rate to 22% as opposed to how many will he lose by moving it from 20%?


3 posted on 12/03/2017 4:22:57 AM PST by DoodleDawg
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To: SkyPilot
He said that a week ago and even before that....everything is still negotiable....but in reality, I believe the house will "committee it" to a vote with little debate.

Cuz there really isn't anything to debate.

4 posted on 12/03/2017 4:23:17 AM PST by Sacajaweau
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To: SkyPilot

My opinion? Trump will take what he can get now. 2018 will be spent pummelling Demon Rat senators in the states he won.

Once they are destroyed at the ballot box, 2019 will be spent creating better legislation.


5 posted on 12/03/2017 4:24:50 AM PST by SoFloFreeper
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To: SkyPilot

“Business tax all the way down from 35 to 20,” Trump told reporters, remarking on a core provision of the Senate bill. “It could be 22 when it all comes out, but it could also be 20. We’ll see what ultimately comes out.””

Trump DOES NOT say he’ll consider raising rate. So the headline is kind of on crack.


7 posted on 12/03/2017 4:30:27 AM PST by rbmillerjr (Reagan conservative: All 3 Pillars)
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To: SkyPilot

Its from the Washington Compost. Therefore it is FAKE!

People have to get this through their heads.


10 posted on 12/03/2017 4:40:01 AM PST by ResponseAbility (The truth of liberalism is the stupid can feel smart, the lazy entitled, and the immoral unashamed)
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To: SkyPilot

It looks like Schumer got into your head and you swallowed the leftist talking point


16 posted on 12/03/2017 5:07:52 AM PST by Thibodeaux (whites seem to actually be supreme)
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To: SkyPilot
This 2% isn't the difference between a good tax reform package and a bad tax reform package, it just doesn't upset the apple cart at all. Trump apparently wants to promote the 2% leeway to speed the legislation's final form. Also, it could have been a promise to gain support in the Senate vote.

All in all, the tax reform is either a great accomplishment or not regardless of the changes that will be made in reconciliation. We are just being baited into heartburn by the left and their media arm for no good reason.

24 posted on 12/03/2017 5:35:15 AM PST by Religion and Politics (It's Morning in America)
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To: SkyPilot

“Trump appears to be knocking heads with the swamp, and realizes the current bills soak individuals at the expense of the corporations.”

Clueless......


33 posted on 12/03/2017 5:45:20 AM PST by narses ( For the Son of man shall come ... and then will he render to every man according to his works.)
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From the Wall Street Journal:

President Donald Trump Opens Door to 22% Corporate Tax Rate

37 posted on 12/03/2017 5:54:40 AM PST by SkyPilot ("I am the way and the truth and the life. No one comes to the Father except through me." John 14:6)
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To: SkyPilot

The president doesn’t get to raise the rate. This is written with that deliberately false assumption.

Congress proposes and passes bills. The pres sign or rejects them.
He didn’t endorse a higher rate. His words were: “It could be 22 when it all comes out, but it could also be 20. We’ll see what ultimately comes out.”

That is not “considering.”


45 posted on 12/03/2017 6:06:23 AM PST by I want the USA back (Media deliberately and intentionally chooses to lie, with full awareness and knowledge.)
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To: SkyPilot

Trump’s people have to translate it before they read it


57 posted on 12/03/2017 7:43:05 AM PST by butlerweave
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To: SkyPilot

I thought he wanted 15% to begin with?

What a crock of shit.


60 posted on 12/03/2017 8:07:25 AM PST by unixfox (Abolish Slavery, Repeal the 16th Amendment)
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To: SkyPilot

I stopped reading at “Washington Post”.


68 posted on 12/03/2017 5:43:27 PM PST by TheStickman (#MAGA all day every day!)
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