Trump: Tax reform 'needed now more than ever'

[DonViejo]

Source: The Hill




BY MAX GREENWOOD - 09/08/17 09:17 AM EDT

President Trump on Friday pressed Republican lawmakers to act swiftly on legislation to overhaul the country's tax code, urging them not to wait until the end of the month.

"Republicans must start the Tax Reform/Tax Cut legislation ASAP. Don't wait until the end of September. Needed now more than ever. Hurry!" Trump wrote on Twitter.

Link to tweet

Trump's entreatment to lawmakers came a day after the Senate passed a stopgap measure to fund the government past the end of the September and raise the nation's debt limit.

While Trump has long promised tax reform, he has begun to push the matter more aggressively in recent weeks, holding events in Missouri and North Dakota to pitch his overhaul proposal.

Read more: http://thehill.com/homenews/administration/349776-trump-tax-reform-needed-now-more-than-ever

[Hayduke Bomgarte]

1. "Tax reform needed now more than ever."

Why? Some billionaire lose a nickel in his sofa?

[lark]

2. 18 charity balls have cancelled at Mar-a-Lago,

he needs the $$.

[Hayduke Bomgarte]

5. I know, but

Do you think anyone one of those billionaires would hesitate screwing the rest of us out of thousands each just for another nickel? I don't.

Besides I was being facetious.

[IronLionZion]

3. Why? Because he might not be in office in a few months?

His resignation is needed now more than ever. I hope Mueller is getting close to something big.

[sofa king]

4. Has there ever been a tax cut for the rich that didn't...

... cause a recession, mass unemployment, and wage freezes?

The Saint Ronnie tax cuts don't really count because he secretly balanced those cuts by raising payroll taxes on the poorest Americans.

But I am interested to know if history shows a single tax cut for the rich ever working as advertised.

[jmowreader]

6. He also eliminated the non-mortgage interest deduction, taxed Social Security benefits...

...eliminated the passive loss deduction, and a few other things.