WASHINGTON, D.C. — President Donald Trump will kick off the Republican plan to reenact major changes to the U.S. tax code with a speech in Missouri Wednesday, in an effort to galvanize the American people behind one of his administration's chief legislative agendas.
The president will speak at a manufacturing company in Springfield, but is not expected to reveal key policy details. The speech will likely make the case that comprehensive tax reform is necessary, not simply sufficient, to improving the economy and lives of each and every American citizen.
The White House told reporters Tuesday that policy details will get released in the coming weeks as the legislative process kicks off, but the core of the proposal is likely to look similar to what the administration rolled out in April. The White House also promised that the president and his administration is committed to working with Congress to come to a consensus bill. (RELATED: Trump Releases Highly Anticipated Tax Reform Plan)
The specifics are expected to get hammered out in House and Senate committees, The White House told reporters. In other words, the administration is planning to push tax reform through regular order, and not, as was the case with Obamacare repeal, through the Senate budget reconciliation process, which allows Republican leadership to bypass Democratic filibusters and requires only 50 yes votes.
The speech will be the first in a series of events for the president and the administration as it rolls out its first major legislative push since congressional Republicans failed to deliver a bill to repeal and replace Obamacare in late July.
The administration, in addition to its commitment to the committee process, is trying in other ways to guard against another legislative defeat. 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.
Trump will also be speaking in the home state of Sen. Claire McCaskill, who is likely the most vulnerable Democrat in the Senate up for reelection in 2018. She has notably toned down her harsh rhetoric against the president in recent weeks, promising her constituents in Missouri on multiple occasions that she would work with the president and the administration to improve the lives Missourians. The president has already put pressure on McCaskill, tweeting Sunday that the senator stands opposed to "big tax cuts."
Democrats have hinted they are willing to work with Republicans and the administration to accomplish tax reform, but only if it does not provide tax cuts for the wealthiest Americans. The administration insists that its tax reform plan does not include loopholes or tax cuts for the wealthy.
Treasury Secretary Steve Mnuchin said at the event in downtown Washington in late July that the sell for tax reform should resonate with those on both sides of the aisle, and even addressed the argument often floated that reforming the tax code will only benefit the wealthiest Americans. (RELATED: White House Promises Tax Reform In November)
Mnuchin pointed to the fact that the administration's tax reform proposal removes many of the deductions and loopholes available to the wealthy. "Most people in the top rate, they're not going to get a tax cut," Mnuchin said. "This is not about a tax cut on the rich."
Send tips to [email protected]
All content created by the Daily Caller News Foundation, an independent and nonpartisan newswire service, is available without charge to any legitimate news publisher that can provide a large audience. All republished articles must include our logo, our reporter's byline and their DCNF affiliation. For any questions about our guidelines or partnering with us, please contact [email protected] .
- Seven Myths About the GOP Tax Reform
- Trump touts GOP tax plan before departing for Camp David
- US Supreme Court Weighs Whether Trump Must Release Taxes
- Neurosis on 30 Years of Finding ‘New Ways of Being Heavy’
- 30 Years Ago,
- Melania Reflects On Anniversary Of ‘Be Best’ Launch And The ‘Major’ Accomplishments Over Last Two Years
- Coronavirus impact | Uttar Pradesh suspends major labour laws for three years: Here's all you need to know
- Trump’s Tax Plan: Prioritize Cuts for the Rich, Say He Isn’t
- House approves GOP tax plan for a second time, heads to Trump's desk
- After Health-Care Debacle, Markets Worry Trump Is ‘All Talk, No Action’
- GOP tax bill: How the new tax plan will affect you
- ANALYSIS: Repealing State and Local Tax Deduction Could Turn More Blue States Red
|How to Harvest Off the Seeds You've Sown in the Past, Present, and Future!5.0★ / $5.99||Embryolisse Crème De Soin First Lines Anti-age Cream-from 30 Years Old 40 Ml check it now at Amazon||Daily Trait Warm-Ups: 180 Revision and Editing Activities to Kick Off Writing Time$26.47||The Barefoot Book: 50 Great Reasons to Kick Off Your Shoes$12.95||Real Skills, Real Income: A Proven Marketing System to Land Well-Paid Freelance and Consulting Work in 30 Days or Less$9.33||Ice-Breakers and Heart-Warmers: 101 Ways to Kick Off and End Meetings$5.37||An introduction to the principles of morals and legislation: Printed in the year 1780, and now first published$40||Response to Modernity: A History of the Reform Movement in Judaism$32.99||The History of Barbados: From the First Discovery of the Island, in the Year 1605, Till the Accession of Lord Seaforth, 1801$24.99||Jump Starts and Soft Landings: 101 More Ways to Kick-Off & End Meetings$5.31||You're In The Front Row: How to Kick Off Your Career in Sports--Even if You're Not a Star Athlete$9.37||The Sword of the Lord: Military Chaplains from the First to the Twenty-First Century (ND Critical Problems in History)$100||How to Become a Mega-Producer Real Estate Agent in Five Years$21.98||Taxing Ourselves: A Citizen's Guide to the Great Debate over Tax Reform check it now at Amazon||The Working Chicken: Learn everything you need to know to become a backyard egg and meat producer in 30 minutes or less! check it now at Amazon||Natural Testosterone Boosters: How To Boost Your Testosterone Levels And Increase Stamina In 30 Days Or Less$0.99||How to Get off your Butt and Start Working in 1000 Words (Motivation 101 - The Path to Reaching your Goals And Desires) check it now at Amazon||Realize Life Cycling for Newbies: You'll Be Able To TAKE OFF Those Road Bike Training Wheels in 24hrs or LESS!$2.99||The Beginner's Ultimate Guide To Low Cost Gardening. Everything You Need To Know to Kick off NOW!$0.99||Debt Free Living: How to Pay Off Debt and Live Debt Free in 10 Simple Steps4.3★ / $2.99||Left to Die...A First Hand Account of Life in the Superdome during Hurricane Katrina (Left to Die trilogy Book 1) check it now at Amazon||iPhone Author: How to Write Your First Book on Your iPhone in 7 Days$2.99||How To Write Your Story: record your personal history in 30 minutes a day check it now at Amazon||How To Build A Million Dollar Tax Resolution Practice In 12 Months Or Less$9.95||A Beginners Guide to Setting Up Your Own Makeup Artistry Business in 30 Days or Less: Quick Guide to Making Money with Makeup$2.99||Kindle Publishing Guide: How To Rank Your Kindle Book #1 On Amazon In 30 Days Or Less$2.99||Credit Repair Secrets: How to Improve Your Credit Score by 100 Points In 30 Days: Credit Secrets, Improve your financial Life$2.99||Credit Score: How To Raise Your Credit Score By 100+ Points In 30 Days Without Credit Repair$4.89||How To Improve Your Memory & Increase Your Brain Power In 30 Days: Simple, Easy & Fun Ways To Improve Memory Now$6.92||No Wrong Answers: Non-Burning Questions to Kick Off Conversations$24.99|
Trump To Kick Off First Major Tax Reform Effort In 30 Years have 1268 words, post on dailycaller.com at August 30, 2017. This is cached page on USA Posts. If you want remove this page, please contact us.