Why Ryan, undercut by Trump, may actually emerge stronger

Lester Mason
September 17, 2017

BRADY: Yes, by the end of the year.

Rep. Jim Jordan, a member of the conservative House Freedom Caucus, said last week at an event hosted by Bloomberg that he's "nervous" about a revenue neutral approach, calling it "Washington speak" for essentially keeping the tax burden the same while shifting around "who pays what".

As Trump and the Democrats have negotiated the framework of a deal on DACA, Speaker of the House Paul Ryan (R-WI) is wigging out and trying to walk everything back by claiming that there is no deal.

With one of the world's highest corporate tax rates, we have been systematically punishing our very best USA companies to the point they move their operations overseas, where they keep and reinvest those profits.

Core components of the president's plan are worthy of serious debate and consideration: cutting taxes for low- and middle-class families, shrinking the current seven tax brackets to three, doubling the standard deduction, repealing the Alternative Minimum Tax and debilitating death tax and closing tax breaks and loopholes for special interests. I can recognize and I appreciate where they're coming from, but it's not who I am and who I will be.

TRUMP: If you look at some of the greatest legislation ever passed, it was done on a bipartisan manner. If anything, Mr. Ryan may have emerged stronger. "The president basically [went] back and forth about the exciting things that can happen, how we can work together, but public-private means not just turning things over, but building it quicker and faster.so we got right into tax reform, and the president was adamant that this is not a tax cut for the rich".

Trump had dinner Tuesday with a group of Republican and Democratic senators to talk taxes. "Pretty much where they are". The only wealthy Americans who would see their taxes remain flat would be those living in states such as NY and California, Mnuchin said.

Eliminating tax breaks are a main focus of closed-door negotiations on Capitol Hill and in the White House.

"Deep cuts to our corporate, individual, and other tax rates are very costly". What we want to do, obviously, is - look, we want to - we're going all in for growth, you know, on jobs and paychecks.

During a meeting with a group of bipartisan lawmakers, President Donald Trump told reporters that working on a bipartisan tax reform is a "positive thing".

After the morning House GOP meeting, Brady said that GOP leaders are working with Trump and the White House on the tax bill. Republican leaders have dismissed concerns about the lack of information, saying that tax discussion is still in the early stages and details will be worked out by the relevant committees. Ryan's biggest Republican skeptics, including Meadows, came out of the session calling the GOP leadership's presentation a "good start". The House Ways and Means Committee took testimony from more than 450 witnesses; the Senate Finance Committee held another 33 days of hearings in which every provision of the bill was analyzed. But they also have a lot of representatives in Congress.

Republicans will also have to pass a budget resolution to trigger a procedural motion that would allow them to pass tax legislation by a simple majority rather than the usual 60 votes in the Senate, which would allow them to bypass Democrat support. Conservatives went along, only to see leaders struggle and fail to follow through on that promise.

It's a far cry from the Newt Gingrich-led GOP revolution that stormed Washington two decades ago with a mandate to balance the budget and cut taxes at the same time.

"He said, 'We don't have to have the wall on this bill, '" Cuellar recalled. Second time around: "Nope, put it in writing".

Other reports by Iphone Fresh

Discuss This Article