losangelesnewstoday.com
losangelesnewstoday.com November 21, 2017


Missouri protesters urge peace during Trump stop

31 August 2017, 01:10 | Katrina Lee

The Latest: Trump insists Mexico will pay for border wall

President Donald Trump speaks during a joint news conference with Finnish President Sauli Niinisto Monday Aug. 28 2017 in the East Room of the White House in Washington

During a visit to Springfield, Missouri, Trump called for a bipartisan effort to simplify the tax code, praising the reform signed by President Reagan in his second term which simplified the code and simultaneously lowered the top tax rate and increased the bottom rate.

They also say they want the plan to be deficit neutral, which would force lawmakers to identify how they might make up for any lost tax revenue. What rate will corporations and small businesses pay?

Harvey aid is a fresh addition to an agenda already packed with must-do tasks and multiple legislative deadlines: Passing a stopgap spending bill to avert a government shutdown; increasing the government's borrowing authority to prevent a market-quaking default on US obligations; and paving the way for a GOP rewrite of the USA tax code. USA business leaders are urging action among Republicans to level the competitive playing field for American companies through a tax code overhaul. And the Democrats have shown no willingness to support a tax overhaul they deem to benefit the wealthy disproportionately.

The officials, who asked not to be identified during a conference call with reporters, said those ideas would make for a "bipartisan" message because the notion of a rigged economy cuts across the spectrum of US political ideology. There's "animosity" between Republican leaders and their members, and between House and Senate Republicans, she said. "I hope so. Tell you what - the USA is counting on it".

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"We're going to fix that."

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7 hurt in Russian Federation knife attack, terror 'not main angle'
Surgut has a population of around 350,000 and is a major oil and gas hub, 1,300 miles northeast of Moscow. A man has been killed after going on a knife rampage in Russian Federation .

Arguments why a corporate tax cut won't help - and may even hurt - the middle class: US corporate profits today are very high and corporations are already sitting on almost $2 trillion in cash here and overseas. Wednesday's speech is to focus on tax reform, according to the White House, and will viewed primarily by credentialed media.

The Trump administration's stated goal is to adopt tax reform by the end of the year, but that's a tall task both technically and politically.

The White House stressed that Mr. Trump is determined to deliver tax relief to Americans, but he also needs to put a legislative victory on the board to get his presidency back on track after the failure of the Obamacare repeal-and-replace bill.

Here's what Trump and corporate CEOs don't want you to know: Corporate tax cuts don't create jobs.

But can the country afford to have taxes cut at this time?



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