13 September, 2017
For starters, they are going to assume the tax legislation will mean higher economic growth and greater future tax revenues.
Trump administration officials have nonetheless said they'd prefer to seek bipartisan support for a tax bill. "I'm optimistic we'll find a way to get this done".
Even before the three Democrats sat down with Trump, Senate Democratic Leader Chuck Schumer held a conference call with reporters Tuesday afternoon that was created to re-emphasize his party's conditions for tax legislation. "Passing tax reform, which hasn't been done in 31 years, that is a win", he said.
U.S. Sen. Joe Manchin, a West Virginia Democrat, had a seat at the table.
Senate Majority Leader Mitch McConnell, R-Ky., on Tuesday positioned himself in opposition to President Donald Trump and Democratic leaders in Congress on the nation's borrowing authority when he expressed no enthusiasm for repealing Congress' oversight of the debt ceiling.
Senate Republican leader Mitch McConnell voiced doubt Tuesday that the US debt ceiling would be eliminated, an idea floated by Democrats and embraced by Republican President Donald Trump last week.
Other invited dinner guests included Orrin Hatch of Utah, who chairs the Senate Finance Committee, John Thune of South Dakota, the No. 3 ranking Republican, and Pat Toomey of Pennsylvania.
Mnuchin declined to say what business tax rate was achievable. He said in a statement that he would "continue to fight for a simpler tax code that lowers rates for West Virginians", but said that must be done "without adding to our staggering debt".
North Dakota Democrat Heidi Heitkamp said in a statement the dinner was a "good discussion" and that she told the president any tax package must support working families and farmers. The three senators did not sign a letter from Democrats that shared their requirements for tax reform, although they haven't said anything that strays too far from the party line, with the exception of Manchin saying he was open to cutting taxes for the rich and corporations.
"It complicates things. It's really not necessary", Trump told reporters at the White House on Thursday.
"When members of different parties sit down together for friendly conversation about the legislative agenda, after not doing so for 8 years, it certainly is progress", Press Secretary Sarah Huckabee Sanders said. Senate action has been on hold while the House struggles. Those trips, along with the Tuesday dinner, are part of efforts to pressure Donnelly to support a tax overhaul, the aide said.
Trump may visit as many as 13 states to sell his planned tax cuts to voters in the coming weeks, the White House said.
A major concern on tax cuts is the federal budget deficit.
He said that eliminating the estate tax, which applies only to estates worth more than $5.49 million for individuals and $10.98 million for married couples, would be a break "for the wealthy elites in this country the President promised to stand up to". That's because of the Senate's arcane rules. GOP leaders have asked them to try to craft an agreement among the 12 budget panel Republicans.