Everyone is wondering what Donald Trump will do next.
After Paul Ryan betrayed him on repealing Obamacare, pundits are trying to predict Trump’s next move.
Trump immediately announced is next agenda item and it was a bold policy that could change America’s course.
Trump campaigned on sweeping tax cuts for individuals and businesses.
And he would like legislation to pass by the August recess in order to kick start the economy and spur hiring.
The Washington Post reports:
“That’s one reason the White House is trying to jump-start the tax negotiations. To take more of a leadership role, the administration officials are planning to issue a document that lays out the specific changes to the tax code it wants in any legislation, people familiar with the deliberations said, speaking on the condition of anonymity because they weren’t authorized to speak publicly.
This approach reflects how the White House is adjusting to lessons learned from the intraparty collapse that occurred when House Republicans drafted a bill to repeal the health-care law and then splintered into different factions. The White House needs Congress to achieve key legislative victories, but some key White House officials fear the agency shouldn’t be too deferential to the legislating process.
Trump believes a major overhaul of the tax code — complete with huge tax cuts for the middle class — will lead to more economic growth and hiring. Administration officials have also said the tax code is too complicated and full of loopholes for special interest groups that have lobbied for pet provisions over numerous years.”
Trump’s populist tax cut package – designed to cut taxes for the middle class – will jump-start his economic nationalism agenda.
The Trump administration taking the lead n tax reform is a shot at Paul Ryan.
Paul Ryan failed on healthcare.
Rather than passing a clean repeal of Obamacare, he introduced legislation that would have kept Obamacare in place.
Trump doesn’t appear to be taking the same risk on tax cuts.
The administration has made clear he is in charge on the issue.