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'I Don't Want to Be Disappointed by Congress' on Tax Reform

01 September 2017

The Washington Post: The Real Reason Trump Is Not a Republican - "To my fellow Republicans: We can not allow Donald Trump to redefine the Republican Party".

And finally, Trump said the USA must bring back trillions of dollars in wealth that is trapped overseas to avoid a high corporate tax rate.

Tax Reform Could End Up Like Obamacare Repeal: "I'm ready to go on record and predict that there will be no tax reform law, just as there was no new health care law".

It's very important to remember that the White House will not release its own tax reform plan.

He further offered that his tax overhaul plan would bring back trillions of dollars in wealth that large companies are now parking overseas due to the United States' high tax rate and "horrible bureaucratic rules".

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"They have to do it", he said in a speech on Wednesday.

He said later that Democrats, in addition to Republicans and Independents, must embrace what he described as 'pro-American tax reforms'. "I hope so", the president added.

The US tax code has not been modified significantly since 1986, despite numerous efforts. And we are now confident that, without transitioning to a new domestic consumption-based tax system, there is a viable approach for ensuring a level playing field between American and foreign companies and workers, while protecting American jobs and the USA tax base.

The so-called "Big Six" expected the legislation for tax reform to move through the tax-writing committees this fall, followed by consideration on the House and Senate floors.

A simpler tax system would return American families' ability to make decisions based on economic merit and free choice, rather than force them to forego the pursuit of their dreams simply to keep the tax man at bay.

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Also Wednesday, Trump noted, as critics of the tax code often do, that the USA corporate rate is "dead last" among industrialized nations. "Trying to pass a large middle-class tax cut alongside a tax reform package could make the legislative math very hard".

"What I like most about how Trump is handling his job as president is how he's too incompetent and reactive to successfully implement his destructive agenda", said one 30-year-old woman who took the survey. It eliminated dozens of loopholes and special interest tax breaks, reduced the number of tax brackets from fifteen to two, and lowered tax rates for both individuals and businesses. But he didn't offer any new specific plans for getting tax reform done.

So POTUS will be making numerous trips out into the country that elected him to round up support and pressure Congress to get along with the business of putting more money back into peoples' wallets and more jobs on the tax rolls.

"America remains stuck in the past when it comes to taxing business 35 to 40 percent", Trump said. Our jobs will both stay here in America and come back to America.

"Right now, our tax code is burdensome, incomprehensible, and puts American businesses at a severe disadvantage on the world stage", Speaker Ryan said.

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'I Don't Want to Be Disappointed by Congress' on Tax Reform