President Donald Trump and Republican leaders plan to release a tax framework this week that would dramatically cut taxes for corporations and the wealthy, provide a measure of middle-class tax relief and punish some households in Democratic-leaning states like New York and New Jersey.
When the Super Bowl champion New England Patriots take their first road trip later this month, players like quarterback Tom Brady will be setting the standard for comfort and legroom on the team’s new private wide-body jet.
President Donald Trump singled out several top officials who accompanied him for a speech on overhauling the tax code on Wednesday, but didn’t mention his chief economic adviser, Gary Cohn, who has led the administration’s efforts.
President Donald Trump warned Congress not to miss a “once-in-a-generation opportunity” to boost the economy with a massive overhaul of the U.S. tax code as he kicked off his effort to sell the American public on his tax plan Wednesday at a manufacturing plant in Springfield, Missouri.
Republicans struggling to pass a major tax overhaul that doesn’t add to the federal deficit are discussing a kind of compromise: mixing permanent revisions with temporary rate cuts for individuals and businesses.