Trump to seize populist mantle for pitching messy tax overhaul - Source Politico

Posted August 31, 2017

The White House is inviting both Republican and Democratic leadership in Congress - Senate Majority Leader Mitch McConnell, Senate Minority Leader Chuck Schumer, Speaker of the House Paul Ryan and House Minority Leader Nancy Pelosi - to meet with Trump Wednesday morning to discuss tax reform.

He'll speak at a manufacturing company in Springfield.

The speech, meant to shift Washington's focus from the failed overhaul of the Affordable Care Act to tax reform, is not expected to contain policy details.

"I am fully committed to working with Congress to get this job done", he said. Claire McCaskill, one of the chamber's most vulnerable Democrats in next year's midterm elections. "She's gotta make that commitment. If she doesn't do it - we just can't do this anymore with the obstruction and the obstructionists".

Schumer says Republicans shouldn't use "fuzzy math or brazenly partisan estimates" to claim their tax plan wouldn't add to deficits.

"Under this plan, the richest Americans would become even richer at the expense of middle-class families", Perez said in a statement. "There's a lot of Missourians who are down there as first responders trying to help with the situation", Webber said. But he said the president broke that promise by pushing for a bill that "guts healthcare for millions". The tax code in the United States has not been modified significantly since 1986.

But Trump's mission on Wednesday, administration officials said, was to frame the debate, not lay out a detailed proposal. The topic is tax reform.

Not only will the legislature have to deal with the relief efforts for Hurricane Harvey, but it must also deal with the debt ceiling, avoiding a government shutdown, and a slew of agency reauthorizations before the end of the month.

Pascrell also floated the possibility that Trump's global business empire might benefit from his tax plan, though no one can know "until the President releases his tax returns" - a step Trump has refused to take.

"This is our once-in-a-generation opportunity to deliver real tax reform for everyday hardworking Americans", Trump said. Households in the middle fifth would lose an average of $1,500 once the costs of paying for the Trump tax cuts are counted.

As a presidential candidate Trump suggested lowering corporate rates and lowering the rate for top earners.