Politics: Trump’s wild week of tax ideas continues with new promise if GOP sweeps in 2020 - PressFrom - US

PoliticsTrump’s wild week of tax ideas continues with new promise if GOP sweeps in 2020

00:35  25 august  2019
00:35  25 august  2019 Source:   washingtonpost.com

Anthony Scaramucci says he's putting together coalition to stop Trump in 2020

Anthony Scaramucci says he's putting together coalition to stop Trump in 2020 Anthony Scaramucci, a former White House communications director who has recently withdrawn his support for President Donald Trump, said Monday that he is putting together a coalition of former Trump Cabinet officials to denounce the President ahead of the 2020 election. "I'm in the process of putting together a team of people that feel the exact same way that I do. This is not a 'Never Trump' situation. This not just screeching rhetoric. This is -- OK, the guy is unstable. Everyone inside knows it, everyone outside knows it. Let's see if we can find a viable alternative," Scaramucci told CNN's Alisyn Camerota on "New Day.

Последние твиты от Donald J. Trump (@realDonaldTrump). 45th President of the United States of She hates Israel and all Jewish people. She is an anti-Semite. She and her 3 friends are the new President @realDonaldTrump has been delivering on his promises to the American people since day

Trump , GOP celebrate final passage of tax bill. Congressional negotiators continued to make changes to the bill -- including handwriting alterations on to the document -- up In a public statement announcing his support, Flake said he was given promises from Senate GOP leadership and the

President Trump on Saturday promised to cut taxes if Republicans win the White House and retake the House of Representatives next year, saying he would pass a “major” middle-class tax cut, the latest in a string of varying tax pledges that he has made in the past week.

Trump has offered few details about the new tax cut or explained how or if it would be paid for. The 2017 tax legislation he signed into law increased the federal deficit by more than $1.5 trillion, according to nonpartisan estimates.

Samsung’s foldable phone ideas keep coming, even though the Galaxy Fold still isn’t out

Samsung’s foldable phone ideas keep coming, even though the Galaxy Fold still isn’t out For those of you waiting for Samsung to finally make good on its promise as of a few weeks ago that its embarrassing Galaxy Fold design flubs have been fixed and that the phone will finally be released in September -- well, keep waiting. We still don't have a hard date for that release, and yet Samsung has nevertheless stayed busy behind the scenes cranking out designs for all kinds of new foldable phones that may or may not actually ever see the light of day.

President Trump pushed aside a formal signing in January to sign the tax legislation because television news networks questioned whether he would keep his promise to sign the legislation before Christmas.CreditCreditDoug Mills/The New York Times.

Global Investors Will Flock to US If GOP Sweeps Midterms. Donald Trump ’ s landslide win created so much global interest that investments began to pour into the U.S. before Trump was even sworn in. While gold is presently priced low, real estate is reaching new heights, and stock markets are

Subscribe to the Post Most newsletter: Today’s most popular stories on The Washington Post

In the run-up to the 2018 midterm elections, Trump similarly promised an unspecified middle-class tax cut if Republicans retained control of the House. But Republicans lost and talk of the tax cuts evaporated.

Trump’s comments, made in a Twitter post while he was in France for the Group of Seven summit, marked one of multiple tax ideas that he has floated in the past week. On Tuesday, Trump said he was considering whether to pursue a payroll tax cut and also reducing capital gains taxes.

On Wednesday, he said both of those ideas were off the table, but later in the week a top adviser said the White House would propose new tax cuts ahead of the election.

Trump campaign seeks to mobilize women in 2020 battleground states

Trump campaign seeks to mobilize women in 2020 battleground states Trump campaign seeks to mobilize women in 2020 battleground states

WASHINGTON — The House, forced to vote a second time on the .5 trillion tax bill, moved swiftly to pass the final version on Wednesday, clearing the way for President Trump to sign into law the most sweeping tax overhaul in decades.

Trump , GOP celebrate final passage of tax bill. And Corker' s idea of establishing a mechanism to automatically increase taxes if the tax bill doesn't generate This story has updated and will continue to update with new developments. CNN' s Phil Mattingly and Ashley Killough contributed to this report.

Trump’s latest comments seemed to suggest the tax-cut idea would come together after the election, and only if he were reelected and Republicans won back the House. A number of Democrats have proposed rolling back the 2017 GOP tax overhaul and focusing tax cuts more narrowly on middle-class families or repealing the tax cuts to fund improvements in health care, education or infrastructure.

On Thursday, White House economic adviser Larry Kudlow told the Fox Business Network the administration is working on a second round of proposed tax cuts — “tax cuts 2.0” — ahead of the 2020 presidential election that would lower rates for individuals and businesses. Kudlow suggested the personal tax rates could be lowered and the number of tax brackets reduced but offered few additional details.

Sen. Rick Scott (R-Fla.) said on Twitter earlier this week that he held discussions with Kudlow and called on Congress to immediately work on a plan to cut taxes for middle-class families “by the amount the Treasury is collecting in tariffs.” Scott earlier this month proposed giving Americans tax cuts to compensate for the tariffs, a recognition that the import duties are often passed onto the consumer in the form of higher prices.

Poll: Trump trails Biden, Sanders; tied with Warren, Harris

Poll: Trump trails Biden, Sanders; tied with Warren, Harris President Trump is either losing to or tied with top Democratic presidential contenders, according to a new Emerson College survey. The poll shows Trump trailing former Vice President Joe Biden by 8 points and Sen. Bernie Sanders (I-Vt.) by 4 points. The president is statistically tied with Sens. Elizabeth Warren (D-Mass.) and Kamala Harris (D-Calif.), according to the survey. South Bend, Ind., Mayor Pete Buttigieg (D) is the only candidate that trails Trump among the five head-to-head match-ups conducted by Emerson, losing by 51-49 percent, though that is within the 2.5-point margin of error.

Trump ’ s GOP has become an unworkable vehicle for the propagation of traditional conservative The GOP may or may not face danger at the ballot box in 2018 and 2020 , but it is doomed in the long run By defeating Carter in New York and Connecticut, Kennedy shifted the party template to one that fit

Trump , GOP celebrate final passage of tax bill. Hailing passage of the GOP ' s tax plan and surrounded by dozens of prominent Republicans in Congress, Trump said the package would fulfill his core campaign McConnell told CNN that Republicans will continue to try to sell the bill to the public.

It is unclear what form the tariff rebate would take, said Nicole Kaeding, vice president of policy promotion at National Taxpayers Union Foundation, or how much it would cost.

“Anything we raise in tariffs, we should give back to the rank and public in tax reductions,” Scott said on CNBC last week.

Trump’s vow to reduce taxes came less than 24 hours after he raised taxes on thousands of U.S. companies that import products from China. Trump late Friday said he was increasing the tariff rate that those companies pay to bring goods in from China, and the hike will affect more than $500 billion in trade.

China responded quickly, saying it would retaliate. Trump’s announcement of the new tariffs was notable because he referred to the import penalties as a form of taxation, a phrase he usually shies away from.

Some budget experts argued Trump’s vow to cut taxes appeared at odds with his push to ramp up tariffs. “A middle-class tax cut would be: Don’t impose the tariffs on China,” said Marc Goldwein, senior vice president at the Committee for a Responsible Federal Budget, which advocates lower deficits. “That’d be an easy middle-class tax cut Trump doesn’t even need Congress for.”

Trump willing to pardon wrongdoing if it relates to building the wall faster

Trump willing to pardon wrongdoing if it relates to building the wall faster President Trump is reportedly willing to pardon subordinates if they break laws in an attempt to build the wall along the U.S. southern border faster. © Provided by MediaDC: Washington Newspaper Publishing Company, Inc.Officials told the Washington Post that Trump wants hundreds of miles of the border barrier erected before the 2020 election and is willing to pardon wrongdoing if laws are broken in the process. require(["medianetNativeAdOnArticle"], function (medianetNativeAdOnArticle) { medianetNativeAdOnArticle.

Trump celebrates GOP tax victory. Starved of a significant legislative win for 10 long months since President Donald Trump took office, GOP senators are within touching distance of passing the most sweeping Trump , seeking a long-awaited victory to salvage a disappointing first year in office and

52 percent of Republican voters think Donald Trump should be able to put the next presidential election on hold if voter fraud is an issue, new research finds. Nor has anyone in the Trump administration publicly suggested delaying the 2020 election is up for discussion.

It was unclear how calculated Trump’s Twitter post on Saturday about the tax cuts might have been. It came during a string of tweets while Trump was waiting for a dinner in France with other world leaders. Other tweets weighed in on the New York subway system, North Carolina’s governor and defending his decision to call himself “the chosen one” earlier in the week.

On Twitter, Trump touted his promise for a new tax cut by pointing to a New York Times headline that read, “Face It, You (Probably) Got a Tax Cut,” and has previously joked that the writers of the story would be fired by the Times for writing positively about the legislation.

Most Americans did see a tax cut under the 2017 Republican tax law, with about 65 percent of households paying less in individual taxes the year after the law was signed, according to the Tax Policy Center.

But the centerpiece of the law was a giant corporate tax cut, which lowered the business tax rate from 35 percent to 21 percent, and polling suggests most Americans do not believe they received a tax cut under the legislation.

Even if middle-class Americans did receive a tax cut from the 2017 law, it may have been too small to notice. Families earning under $25,000 received an average cut of $40 from the law, according to the Tax Policy Center, while middle-income families saw a cut of about $800. The richest 1 percent of Americans, by contrast, saw an average cut of about $33,000.

The tax cuts also helped balloon America’s federal deficit, which is expected to rise above $1 trillion annually next year, and push the United States into the ranks of the countries with the highest levels of debt. The United States is also already near the bottom of the list among developed nations in how much tax revenue it collects as a share of its overall economy.

Further tax cuts before the next recession could also leave the United States with less room to respond by stimulating the economy, some economists said.

“Econ 101 says that if we are at the peak of the business cycle, then that is not the time to put in a tax cut,” said Steve Kyle, an economics professor at Cornell University. “If the downswing does materialize — which it hasn’t yet — then there might be a time to look at it.”

GOP voters overwhelmingly want Pence on 2020 ticket with Trump.
An overwhelming majority of GOP voters want Vice President Mike Pence to stay on as President Trump's running mate in the 2020 election, according to a new nationwide survey released on Friday. The Hill-HarrisX poll found that 69 percent of registered Republican voters want Pence to share a ticket with Trump in next year's election.Other options offered to respondents didn't reach double-digits in the poll. Former United States Ambassador to the United Nations Nikki Haley, Secretary of State Mike Pompeo and Sen. Lindsey Graham (R-S.C.) all tied, each receiving 9 percent support.

—   Share news in the SOC. Networks

Topical videos:

usr: 6
This is interesting!