AT&T reiterated its support for tax reform Thursday, just as President Donald Trump laid out a broad-strokes plan to slash rates and alleviate what he called "the crushing tax burden" holding back companies and workers. "Businesses and corporations across America desire tax reform, so that they understand the rules going forward so that they can create those jobs for the American people".
Taking issue with the current USA tax system, Trump argued that high corporate tax rates and burdensome regulations have pushed American companies overseas, hurting middle class workers and the economy. The Hill may humor him, but that's about all.
While the White House has been designing a tax plan aimed at appealing to Republicans, Trump sought to cast the effort in bipartisan terms.
"We need a competitive tax code that creates more jobs with higher wages for Americans", Trump said.
More recent polls are also showing majority support for a tax cut.
With Treasury Secretary Steve Mnuchin and Commerce Secretary Wilbur Ross at his side, along with other members of his Cabinet, Trump wanted to make his speech a milestone marking the beginning of his efforts to achieve one of his key political goals. They know what the obstacle is.
Trump is scheduled to meet with congressional leaders Wednesday. John C. Danforth's scathing opinion piece in the Washington Post on Friday calling Trump "the most divisive president in our history".
He said later that Democrats, in addition to Republicans and Independents, must embrace what he described as 'pro-American tax reforms'. "If they don't do their job, they need to be fired", Armstrong said.
As American for Limited Government's Manning noted, "Far too many Americans are being left behind and not a part of the labor force".
Fifty six per cent of Americans have said that they believed President Donald Trump was "tearing the country apart" instead of drawing people together, according to a new poll.
The second principle in the President's speech was that a tax reform bill should be oriented toward economic growth. But does Republican Congress even get it? But he's paired those proposals with others that mainly benefit the wealthiest Americans, such as lower taxes on business and investment income and eliminating the estate tax. And if the Republican Congress can not get behind that their president on that unifying message, then it's not merely time to question their party loyalty. That was below the average rate for developed countries at the time.
Otherwise, if obstructing the Trump agenda is the way the GOP Congress wants to run its 2018 re-election, so be it.
Like it or not, at this point, Trump is only a bit player on tax reform. He is the first President in four decades to withhold them from the public. This should be real easy. That process would nominally prevent Republicans from ballooning the deficit - but they could avoid such concerns by using the well-worn gimmick of having the tax cut expire before 10 years.