U.S. News

Trump Administration to Focus back on Tax Reform

(CitizensOutpost) Now that the plug has been pulled on the healthcare overhaul, the Trump administration will be returning their focus back on tax reform:

After Republicans pulled the health measure, Trump told reporters at the White House, “I would say that we will probably start going very, very strongly for the big tax cuts and tax reform. That will be next.”

[…]Mnuchin, the president’s chief economic spokesman, suggested that tax reform might be easier to sell in Congress.

Recent interviews with Mnuchin has revealed that the tax reform proposal will both benefit individuals and corporations in the same legislation.  The goal is to have middle income earners have tax cuts and for the proposal to pass by August.  The administration is also hopeful that the tax cuts will continue to boost the economic wave that started with the administrations conception, but has recently slipped as the Fed adjusted interest rates to a quarter percent increase.

Hopefully the democrats will work alongside Republicans for the sake of tax cuts for the American people and then healthcare reform can come back as a priority on Trump’s agenda.  The next time around, hopefully representatives will pay more attention to Rand Paul’s alternative to repeal and replace Obamacare.

Source: Trump and Mnuchin Say Focus Will Turn to Tax Reform – Newsweek