Liberty News Forum
Political News Forum - Let your opinions be heard on current news and politics. Not for wimps!
Political Opinion Page - Recent Posts - LNF Forums LNF in the Age of Empowerment!
Christian Forum - Religion Forum - Entertainment - Sports Forum
Military - A1 News Page - Computers Tech - Financial News - Bunker - Presidential Tracking Poll
The House - Off the Wall News - Page 2 - Rasmussen Reports Polls - Chat Room
Liberty News ForumLNF Forums HerePolitical Opinion Page - The Hot Seat › Trump's tax overhaul now longshot
Page Index Toggle Pages: 1 Send TopicPrint
Normal Topic Trump's tax overhaul now longshot (Read 94 times)
Vypr
LNF Senior Staffer4
**
Offline


Posts: 447
Joined: Mar 11th, 2017
Trump's tax overhaul now longshot
Jun 19th, 2017 at 9:17am
Print Post  
Trump's tax overhaul at risk from pushback on import tax

One of President Donald Trump's biggest priorities -- overhauling the tax code -- appears to be a longshot.

A key part of House Republicans' plan to overhaul the way corporations pay taxes is on life support, leaving lawmakers scrambling to save one of President Donald Trump's biggest priorities and increasing the chances the GOP will simply pass a tax cut instead of overhauling the tax code.

A proposed tax on imports is central to the GOP plan to lower the overall corporate tax rate. It would generate about $1 trillion over the next decade to finance the lower rates without adding to the deficit. It would also provide strong incentives for U.S.-based companies to keep their operations in the United States and perhaps persuade companies to move overseas operations to the U.S.

But the tax faces strong opposition from retailers, automakers and the oil industry, and a growing number of congressional Republicans have come out against it. They worry that it will increase the cost of imports, raising consumer prices.

Majority Leader Mitch McConnell, R-Kentucky, says there probably aren't enough votes to pass the import tax in the Senate — not a single Republican senator has publicly endorsed it. And a powerful group of House conservatives says it's time to dump the idea.

FULL:
http://www.cbsnews.com/news/trumps-tax-overhaul-at-risk-from-pushback-on-import-...
  

Back to top
 
IP Logged
 
Phillip 2.0
LNF Speaker
LNF Bunker
*****
Offline

I Love Liberty News Forum!

Posts: 15,818
Joined: Oct 26th, 2012
Gender: Male
Re: Trump's tax overhaul now longshot
Reply #1 - Jun 20th, 2017 at 9:58am
Print Post  
Trump will hammer this out and get it passed and signed in no time. He is the master of negotiating after all. Just look at all the landmark pieces of legislation he has signed off on so far. Those post offices don't name themselves ya know?
  
Back to top
 
IP Logged
 
forgotten centrist
LNF Speaker
*****
Offline

bring back the middle
class!

Posts: 10,569
Joined: Sep 29th, 2004
Re: Trump's tax overhaul now longshot
Reply #2 - Jun 20th, 2017 at 10:45am
Print Post  
But tax reform is the topic Trump likes most!  He said that he alone could fix it!  Nobody knows the tax code like he does!

If Trump can't lead a unified republican congress to enact the one policy agenda that republicans consistently support -- tax cuts -- then Trump just might not be the deal-maker he said he was...
  

Nominated for 2016...
- Liberal of the Year
- Conservative of the Year
- Centrist of the Year
Back to top
 
IP Logged
 
Wadsworth
LNF Speaker
LNF Bunker
*****
Offline


Posts: 22,050
Joined: Jul 5th, 2008
Gender: Male
Re: Trump's tax overhaul now longshot
Reply #3 - Jun 20th, 2017 at 1:03pm
Print Post  
forgotten centrist wrote on Jun 20th, 2017 at 10:45am:
But tax reform is the topic Trump likes most!  He said that he alone could fix it!  Nobody knows the tax code like he does!

If Trump can't lead a unified republican congress to enact the one policy agenda that republicans consistently support -- tax cuts -- then Trump just might not be the deal-maker he said he was...

Grin He alone can't even fix the mess he got himself into.  His entire staff is lawyering up now.  All he cares about is what he has always cared about.  Saving his ass.
  

Definition of Stupid: 
Knowing the truth, seeing evidence of truth, but still believing the lie.
Back to top
 
IP Logged
 
michiganFats
LNF Senior Staffer
**
Offline

I Love Liberty News Forum!

Posts: 125
Joined: Jun 19th, 2017
Re: Trump's tax overhaul now longshot
Reply #4 - Jun 20th, 2017 at 1:06pm
Print Post  
McConnell is such a weaselly little turd. An import tax isn't necessary at all. They just don't want to reform the tax code.
  
Back to top
 
IP Logged
 
Wadsworth
LNF Speaker
LNF Bunker
*****
Offline


Posts: 22,050
Joined: Jul 5th, 2008
Gender: Male
Re: Trump's tax overhaul now longshot
Reply #5 - Jun 20th, 2017 at 1:13pm
Print Post  
michiganFats wrote on Jun 20th, 2017 at 1:06pm:
McConnell is such a weaselly little turd. An import tax isn't necessary at all. They just don't want to reform the tax code.

It would take too much work, and we all know that the republican congress hates work.
  

Definition of Stupid: 
Knowing the truth, seeing evidence of truth, but still believing the lie.
Back to top
 
IP Logged
 
Page Index Toggle Pages: 1
Send TopicPrint
 
Liberty News ForumLNF Forums HerePolitical Opinion Page - The Hot Seat › Trump's tax overhaul now longshot

LNF Home - Political Opinion Page
LNF Forums

Christian Forum - Religion Forum - Sports Forum - Entertainment - House
Military, History - Cooking and Crafts - Creative Writing
Off the Wall News - Science Forum - Tech Gadgets - Financial News - Humor
Bunker - Page 2 - Page 3 - Page 4 - Chat Room





Drudge Report - News Max - Rush Limbaugh - FrontpageMag
Advertise on the LNF - Twitter LNF - LNF Archive - LNF News
LNF Blog
News and Political Links
Political Blogs
Add your website or blog
Political Columnists
Political Humor
News forum posting, privacy policy and member rules