Tags: Donald Trump | GOP2016 | Trump Tax Reform | GOP | Tax Reform

Republicans Move on, Shift Focus to Tax Reform

Image: Republicans Move on, Shift Focus to Tax Reform
(Reuters)

By    |   Monday, 31 Jul 2017 11:44 AM

Republicans are moving forward with their plans for tax reform, despite the failure of the party's healthcare bill last week, Axios reports.

On Sunday night, Axios' Jonathan Swan reported that President Donald Trump will begin making his case for a large-scale overhaul of the tax code, with his sights set on cutting the tax rate on businesses. He likely will make a demand for tax reform on Tuesday, during a small business event at the White House, and will then make a number of speeches in the Rust Belt to support his call.

A K Street official also told Axios, "The business community is organized and activating their leadership, and associations and think tanks are making a push with their members. ... Passing tax reform will require relentless engagement ... to ensure ... political momentum."

The official added, "Lessons were learned during the healthcare process. That's why the business community has committed resources to making the public case for tax reform."

The New York Post editorial board agreed with Axios, publishing an op-ed titled "On to tax reform," on Sunday, although its outlook is bleak.

"Frankly, we don't see how Ryan and Senate Majority Leader Mitch McConnell can pull off a full reform of the personal tax code this year," the Post wrote. "It's a big enough challenge to find some way to lower rates for the vast number of businesses that pay under the personal code."

However, Trump does have the support of the billionaire conservative donors the Koch brothers, who are instructing their network of advocacy groups to prepare for a major push in support of tax reform.

"We're committed to achieving legislation that can get to the president's desk that he can sign," Tim Phillips, president of the Koch-funded Americans for Prosperity, told Bloomberg in an interview. "We are strongly supportive of the blueprint for tax reform that was laid out by the Trump administration."

© 2017 Newsmax. All rights reserved.

 
1Like our page
2Share
Politics
Republicans are moving forward with their plans for tax reform despite the failure of the party's healthcare bill last week, Axios reports. On Sunday night, Axios' Jonathan Swan reported that President Donald Trump will begin making his case for a large-scale overhaul of the...
GOP, Tax Reform
320
2017-44-31
Monday, 31 Jul 2017 11:44 AM
Newsmax Inc.
 

Newsmax, Moneynews, Newsmax Health, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, and Newsmax World are trademarks of Newsmax Media, Inc.

NEWSMAX.COM
America's News Page
© Newsmax Media, Inc.
All Rights Reserved