Tags: Trump Administration | Trump Tax Reform | trump | rich | friends | push | changes

Trump's Wealthiest Friends Pushing Changes to Tax Bill

Image: Trump's Wealthiest Friends Pushing Changes to Tax Bill
(AP)

By    |   Friday, 08 December 2017 09:28 AM

President Donald Trump's wealthiest friends from his home state have begun pushing for changes to the Republican tax bill, The Washington Post reports.

Over the weekend, Trump went to a fundraiser hosted by Blackstone Group head Stephen Schwarzman, where he also met with his old friend, real estate mogul Richard LeFrak, who reportedly spoke to Trump about making changes to the bill.

LeFrak and another donor, possibly more than one, told the president that the bill in its current form could hurt New York, particularly the wealthy.

"The president was a little vague in his response on that," an unnamed attendee of the event told the Post, claiming that Trump said, "'Well, we've got to see what happens. Maybe there are ways to try to be helpful.'"

According to the Post, multiple friends of Trump's have expressed their concerns that the tax bill could lead to the wealthy in states like New York losing out on deductions to state and local taxes. Although Trump has yet to request that Congress make changes to the bill, he did indicate on Wednesday that he is open to modifications.

"There are very, very few people that aren't benefiting by [the tax bill], but there's that tiny little sliver, and we're going to try to take care of even that very small group of people that just through circumstances maybe don't get the full benefit of what we're doing," he said.

Business advocate Kathy Wylde, leader of the Partnership for New York City, told the Post that several executives has contacted the White House about their concerns.

"They're killing the goose that lays the golden egg," she said.

© 2018 Newsmax. All rights reserved.

   
1Like our page
2Share
Politics
President Donald Trump's wealthiest friends from his home state have begun pushing for changes to the Republican tax bill, The Washington Post reports.
trump, rich, friends, push, changes, tax bill
275
2017-28-08
Friday, 08 December 2017 09:28 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