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Trump promises big tax cuts, but GOP-led Congress is already thinking about scaling back
The Los Angeles Times ^ | October 11th, 2017 | Lisa Mascaro and Jim Puzzanghera

Posted on 10/12/2017 11:59:06 AM PDT by Mariner

President Trump promised the largest tax cut in history, but as he hit the road Wednesday to promote the plan, Republicans in Congress were quietly discussing scaling back key provisions in an effort to deliver the top White House priority.

There’s already talk that the cornerstone of the GOP proposal — a dramatically reduced 20% corporate tax rate that Trump has called a “red line” — may slip to 22% or 23%, those familiar with negotiations said.

Trump had originally promised a 15% rate for corporations. But Republicans are running into resistance from lawmakers and lobbyists who want to preserve deductions and loopholes that were targeted for elimination under the White House plan to offset the massive corporate cut from the current 35% rate.

(Excerpt) Read more at latimes.com ...


TOPICS: Business/Economy; Government; News/Current Events; Politics/Elections
KEYWORDS: 115th; draintheswamp; third100day; trumptaxcuts; uniparty
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To: KC_Lion; Impy; fieldmarshaldj; NFHale; stephenjohnbanker; BillyBoy

And even worse than illegals are deer.

But yes, illegals get WAAAAYYYYYYYY more goodies than the natives.


21 posted on 10/12/2017 4:25:10 PM PDT by GOPsterinMA (I'm with Steve McQueen: I live my life for myself and answer to nobody.)
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