Trump, Democratic senators discuss tax reform over dinner

U.S. President Donald Trump
U.S. President Donald Trump
Author

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.


More news


  • The Man Booker Prize announces shortlist for 2017

    The Man Booker Prize announces shortlist for 2017

    The panel of judges narrowed down the shortlist to 6 titles from a longlist of 13 that was announced on July 27. The Man Booker shortlist has been announced - with a debut novel by a British writer making the cut.
    What Pep? Guardiola unsure if Man City can win Premier League title

    What Pep? Guardiola unsure if Man City can win Premier League title

    In fact, the amount of goals scored in last season's run will be cause for concern for Guardiola. "We will see what happens". Benjamin Mendy, Bernardo Silva, Ederson, Danilo and Kyle Walker all arrived this summer.
    Eyewitness Recounts Horrific Details Of Aditya Pancholi Assaulting Kangana Ranaut In Public

    Eyewitness Recounts Horrific Details Of Aditya Pancholi Assaulting Kangana Ranaut In Public

    Can she tell us where was she held as captive? It was about 12 AM at that time and I was riding my bike. And call it genetics or circumstances, sister Rangoli Chandel isn't very far behind.
  • Nintendo Switch System Update 1.1.0 Now Available

    Nintendo Switch System Update 1.1.0 Now Available

    Players will now be able to continue use voice chat when their phones enter sleep mode, as well as while they use other apps.
    Tropical Storm Jose forms in the Atlantic, could be hurricane by Friday

    Tropical Storm Jose forms in the Atlantic, could be hurricane by Friday

    Katia is expected to touch land on Friday in the state of Veracruz, with heavy rains that will last throughout the weekend. Local officials in the Florida Keys have already called for mandatory evacuations, and Miami-Dade Mayor Carlos A.
    Health insurer Centene to buy Fidelis Care for $3.75 billion

    Health insurer Centene to buy Fidelis Care for $3.75 billion

    Combined, Centene and Fidelis Care serve about 13.8 million members as of June 30. Fidelis is a nonprofit and Catholic organization.
  • United Nations to vote on watered-down new sanctions against North Korea

    China has held the position that stronger sanctions would not be helpful in halting North Korea's nuclear programme. The standoff is also spilling over into the business relationship between South Korea and China.
    Okami HD is coming to PS4, Xbox One and PC this December

    Okami HD is coming to PS4, Xbox One and PC this December

    Those of you who like to live in nostalgia can opt to play the game in its original 4:3 aspect ratio, which is nice, I guess. Honestly, we just want the opportunity to replay this fantastic action-adventure game from the now debunked Clover Studios.

    Thane: BJP corporator Daya Gaikwad booked for alleged rape

    It was learned that the FIR has been filed days after woman complaint the police accusing Gaikwad in the sexual exploitation case. A report also quotes her as saying that Gaikwad committed the crime on pretext of marriage concealing his marital status.
  • Ten people died as Hurricane Irma battered Cuba

    Ten people died as Hurricane Irma battered Cuba

    WERTHEIMER: The coast - the north coast of Cuba - all along that north coast was an encounter with Irma , as I understand it. Flooding continued Sunday afternoon along the malecón, spreading into adjacent streets with waist-level water in some areas.
    USA  calls Monday vote on new North Korea sanctions

    USA calls Monday vote on new North Korea sanctions

    The United had originally pushed for a strict oil embargo, as well as a freeze on the assets of North Korean leader Kim Jong-Un. The softening was likely meant to prevent Russian Federation and China from using their vetoes to overrule the resolution.
    Trump says North Korea sanctions just the beginning

    Trump says North Korea sanctions just the beginning

    It also has tens of thousands of soldiers and artillery positioned near the heavily fortified border that divides the peninsula. The White House stressed the USA and Chinese leaders' joint commitment to ridding the Korean Peninsula of nuclear weapons.