GOP/TAXES/TRUMP AS PRESIDENT: “U.S. President Donald Trump on Monday pushed lawmakers debating tax reform proposals in the Republican-controlled Congress to end the Obamacare individual mandate and cut the top income tax rate to 35 percent.
Members of the U.S. House of Representatives and Senate were debating their respective plans this week before heading home for the U.S. Thanksgiving Day holiday.
Republicans are aiming to achieve a significant overhaul of the U.S. tax code and hand Trump his first major legislative victory. The two chambers hope to resolve their differences in time to enact the legislation by the end of the year…
Trump has repeatedly pushed for the tax reform bill to include a repeal of the mandate that all Americans purchase health insurance or else pay a fine. Neither House nor Senate proposals have included such a provision…
Republican tax plans in the House and Senate would each cost about $1.5 trillion but lawmakers will have to iron out differences including whether to eliminate the deduction for state and local taxes, delay implementation of a cut in the corporate tax rate and do away with the estate tax on inheritances.
The prospects for the provisions Trump pushed were uncertain.”
-Reuters Staff, “Trump urges lawmakers to end health mandate, cut top tax rate,” Reuters, Nov. 13, 2017 09:19am