Tax cuts quiet once-deafening GOP call for fiscal discipline

Portrait of Governor Doug Burgum

Portrait of Governor Doug Burgum

The problem is that for every single plan we have seen from the White House or from House Speaker Paul Ryan (R-Wis.), that is categorically false. Corker says he believes in some adjustments but doesn't want to "let this just be party time that just takes us no place but massive deficits down the road".

The president's plan, he continued, is an overhaul, as "we have not changed this tax code for many many many years".

Both Ryan and McConnell have made slight nods to the other side of the aisle, saying they welcome "serious" voices from the left to come along with them.

"I would tell you he is very frustrated with what happened with health care, and he's going to do everything he can to make sure that doesn't happen with tax reform", Rep. Chris Collins (R-NY), a close friend and ally of Trump's, said Friday. If anything, Mr. Ryan may have emerged stronger. As far back as February, President Trump was promising that the tax plan was already "very well finalized".

Trump met with a bipartisan group of senators on tax reform this week, a meeting that press secretary Sarah Huckabee Sanders said was "highly productive".

Now, President Trump has said many things about his tax plan (many of them false, including the claim we are the highest-taxed nation in the world). They're going to say: "This produces so much growth".

The conflicting statements have made it hard for lawmakers to predict what might fill in the gaps left by a one-page tax blueprint that the White House released in April. So, obviously, we want to, for families, lower tax rates at every level and simplify the code so much that 9 out of 10 Americans will be able to file using a simple postcard style system.

"... we believe that tax reform should not increase the tax burden on the middle class".

President Donald Trump is pushing lawmakers to "move fast" on a tax overhaul.

Trump is looking to "cut a deal" with anyone who will work with him, Meadows said - acknowledging that this could lead to much less conservative legislation.

KELLY: Kevin Brady - he's Republican congressman from Texas, chairman of the House ways and means committee.

"The value of the executive branch is that you drive a stake in the ground and you say, "This is due north and this is where we are going", and then people line up and they coalesce for you or against you, but it allows for normal battle lines to form", Sanford said.

Instead, Republicans are talking about tax cuts whose costs to the debt - still under negotiation - would be justified by assumptions of greater economic growth. He tweeted this morning that with Irma and Harvey devastation, tax cuts and tax reform is needed more than ever before. Administration officials were saying this summer that the details could be released in late August or early September. Right now, GOP leaders don't have the votes for that. They are also debating whether to make the tax cuts retroactive so that they impact all income earned in 2017, or whether to make the changes prospective, impacting income earned in 2018 and beyond. But they also have a lot of representatives in Congress.

On Twitter Wednesday, Trump says: "The approval process for the biggest Tax Cut & Tax Reform package in the history of our country will soon begin". If Congress can pass a budget, Republicans controlling the Senate don't need to worry about a Democratic filibuster blocking any tax bill.

Many conservatives, however, have been unwilling to sign off on a budget until they see the full details of the tax proposal.

He says his primary concerns are the middle class and passing a plan that may boost jobs.

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