Democrats: Solid opposition to Trump, but what comes next?

Paterniano Del Favero
Aprile 18, 2017

The Trump administration and congressional Republicans are under increasing pressure to continue the subsidies, known as cost sharing reduction payments, at least through 2018 as insurers prepare to submit their plans for next year. He says he needs to do health care first so that the money saved can go into the tax cuts.

'And all of that saving goes into the tax. The president himself echoed Cohn's remarks in an interview with FOX Business's Maria Bartiromo, scheduled to air on Wednesday, stating that the failure to reform health care is making it hard to have a set date for a tax-cut plan.

"Health care is going to happen at some point", Trump said.

"We're going to be cutting taxes massively for both the middle class and for companies, and that's massively", Trump said at a January 23 meeting. If the Trump team gets on board, tax lobbyists say, the president could champion it with his populist, America-first rhetoric.

Administration officials say it's now unlikely that a tax overhaul will meet the August deadline set by Treasury Secretary Steve Mnuchin. Rather than accepting a bill written by the lawmakers, White House officials are taking a more active role. His administration is grappling with how to handle the tax issue in the wake of last month's failure to deliver on promises to repeal and replace President Barack Obama's health care law. The hard-line conservative caucus was one of the groups primarily responsible for sinking the Republicans' first attempt to repeal the ACA, the American Health Care Act.

Trump had three major economic priorities that he wanted to push through Congress this year, and all are off to rocky starts. But under this procedure, the measure can't be a revenue loser after 10 years - meaning that the best Republicans could hope for would be temporary tax changes.

So far, the only tax documents of Trump's that have been made public were leaked to the media - state tax returns from 1995 that showed a $916 million loss were given to the New York Times last October, and two pages of Trump's 2005 federal income tax return were broadcast on MSNBC last month. The president said that to get a second bill on healthcare passed, which would require 60 votes to avoid a Democratic filibuster in the Senate, he may include an infrastructure package. "It's been very much misreported that we failed with health care". "I think there's a very good chance we do tax reform, but it's very different on so many levels".

"I see it, perhaps, as part of the healthcare plan", Trump said. Both guests shared their views on the pros and cons of the border tax adjustments and their impact on the U.S. economy. (Though the thinking is that combining it with the elimination of the corporate deduction for labor expenses would satisfy the WTO's concern with worldwide fairness.) For another, companies that keep importing will likely pass the cost of the tax onto consumers. Yet with their policies now adrift, and White House leadership absent, Republicans possess a dominant hand with strangely little within its grasp. "We are going to formulate our own policies", White House budget director Mick Mulvaney told CNBC in an interview posted on the channel's website on Wednesday.

But you are no longer primarily Donald Trump, business executive. "I don't like the word adjustment, because our country gets taken advantage of, to use a nice term, by every other country in the world".

'So maybe it's called a reciprocal tax. Nearly half -- 46 percent -- of investors with at least $50,000 in equities say they expect the Standard & Poor's 500 Index to be higher six months from now, while 17 percent say it will decrease and 23 percent expect it to stay about the same.

But Trump offered a big caveat on this idea when he added "I'm not saying that's what I'm doing".

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