Trump tries wooing Democrats over tax-reform bill

Share

Senate Majority Leader Mitch McConnell and GOP members of the Budget Committee met Tuesday with Trump's top economic adviser, Gary Cohn, and Treasury Secretary Steven Mnuchin.

"I'm hoping that in October we get a budget resolution out of a conference committee so that both the House and Senate have passed the final budget legislation", Toomey said.

The meeting touched on a number of topics, but its focus was on tax reform, where the president "strongly stressed" his interest in getting a pro-growth tax reform package done "as quickly as possible", according to attendee Pat Toomey, R-Pa.

Republicans plan to release more details about their tax plans during the week of September 25, as they prepare for a legislative sprint toward one of their top priorities.

Trump has been pushing for changes to the tax code to cut corporate and individual rates and simplify the system, but has offered few specifics.

Trump is rescinding the Deferred Action for Childhood Arrivals program, or DACA, but giving Congress six months to address the issue.

Trump may visit as many as 13 states to sell his planned tax cuts to voters in coming weeks, the White House said. Short spoke at a Christian Science Monitor breakfast.

More news: Florida Keys compared to 'war zone' after Category 4 Irma rakes islands
More news: Miss America calls U.S. withdrawal from Paris climate accord 'bad decision'
More news: Tutu urges Suu Kyi to act on Rohingya crisis

Pennsylvania Republican Senator Pat Toomey, one of the attendees, said on a conference call later that Trump talked about competitive business taxes, ending taxation of USA corporations' foreign profits, and a middle-class tax cut.

The Democrats each released their own statements following the dinner, describing the conversation in pleasant terms, while stressing the need for tax cuts that will help the middle class.

The reporters - Maggie Haberman and Glenn Thrush - are arguably the two most well-known names on the White House beat these days.

The three Democratic senators who attended were Joseph Manchin, of West Virginia, Heidi Heitkamp, of North Dakota, and Joe Donnelly, of Indiana.

The Senate Republican leader and members of the Budget Committee are scrambling to come up with a budget deal to clear the way for the first tax overhaul in three decades.

Under Washington's complicated ways, passing a congressional budget blueprint is the only way to set in motion a special process for rewriting the tax code. After that, the GOP will try and pass their budget, a necessary step if the Republicans want to use a process known as reconciliation to pass tax reform.

Mnuchin declined to say what business tax rate was achievable.

Share