President Donald Trump’s tax reform plans won partial support on Friday when Republican U.S. Senator Rand Paul said he was “all in” for massive tax cuts, but the party was still far from united over how to achieve the main item on its domestic agenda.
Senate Republicans took the first step Thursday evening toward passing a tax plan and fulfilling a long-held campaign pledge.
Senate Republicans on Thursday passed a budget measure that will unlock the route to a sweeping tax overhaul, giving the GOP a sorely needed victory after other pieces of their legislative agenda collapsed earlier this year.
The White House’s push for tax cuts made crucial progress on Tuesday as Senate Republicans rallied behind a budget proposal the party needs to pass to keep alive its hopes of enacting sharp reductions in tax rates later this year.
President Donald Trump promoted his tax reform plan at The Heritage Foundation’s President’s Club, and also touted American values, the Constitution, and “God-given rights.”
The Trump administration is pushing back against criticism from Democrats that its tax-reform plan will be a boon for the rich, casting the GOP bid to slash corporate taxes as a win for workers.
Gary Cohn, the top economic advisor to the White House, said Monday that tax reform has to get done this year.
President Trump on Monday seemed to be pushing back a year-end deadline for the GOP to get tax reform done, saying there’s still “a long way to go” and that it took President Ronald Reagan “years” to accomplish his overhaul of the tax code.
The White House is making a promise: The average American family would get a $4,000 raise under President Donald Trump’s tax plan.
White House National Economic Council Director Gary Cohn said Monday that President Trump will be “flexible” on the details of the tax reform bill.