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DonViejo

(60,536 posts)
Tue Sep 12, 2017, 08:28 AM Sep 2017

Trump's push for tax cuts is coming up against a familiar challenge: Divided GOP

By Damian Paletta, Sean Sullivan and Kelsey Snell September 12 at 6:00 AM

White House officials trying to jump-start work on the GOP’s top fall priority — tax cuts — are coming up against the same obstacle that has vexed President Trump all year: divided Republican lawmakers.

The White House and GOP congressional leaders agree with the goal of slashing the corporate income-tax rate and also cutting individual income taxes to benefit the middle class. But they have yet to agree about which existing tax breaks should be eliminated to pay for it all.

In private talks with top congressional Republicans, Trump advisers are pressing to eliminate or reduce several popular tax deductions, including the interest companies pay on debt, state and local income taxes paid by families and individuals, and the hugely popular mortgage-interest deduction.

Several officials from the White House and Capitol Hill confirmed that those options are being considered. But that is where the agreement ends. Congressional leaders, for instance, believe the mortgage deduction is too popular to reduce, according to several officials familiar with the discussions.

All of it has forced negotiators to consider scaling back their plan. And that’s before any plan has even been presented to the rank and file.

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https://www.washingtonpost.com/powerpost/trumps-push-for-tax-cuts-is-coming-up-against-a-familiar-challenge-divided-gop/2017/09/11/bd7a875c-9763-11e7-82e4-f1076f6d6152_story.html

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Trump's push for tax cuts is coming up against a familiar challenge: Divided GOP (Original Post) DonViejo Sep 2017 OP
Keep scaling it back guys! LOL n/t greeny2323 Sep 2017 #1
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