Trump expected to include Democrat-friendly spending in tax plan

Source: Politico | April 25, 2017 | Nancy Cook and Ben White

But the president’s plan likely won’t include the House GOP’s controversial border-adjustment tax

When the Trump administration unveils its broad tax proposal on Wednesday, its marquee policy ideas are expected to include infrastructure spending and a childcare tax credit, developed by Ivanka Trump — moves the White House hopes will bring Democrats to the negotiating table on a tax overhaul, according to four sources familiar with the plan.

The proposal is not likely to include the border adjustment tax, the controversial idea espoused by Speaker Paul Ryan that has divided the business community. And it is expected to tout a corporate rate of 15 percent; Trump promised businesses as much during a campaign economic speech in Detroit in August.

The plan is not expected to include details on ways to offset new spending, or deep tax cuts — though, internally, the White House remains divided as to how much it should address the deficit in tax reform.

Instead this broad-brushstroke plan is meant to show voters that the Trump administration is making progress on its policy agenda as it approaches the 100-day mark and that the White House, not Capitol Hill lawmakers, is driving any overhaul of the tax system. That’s important to the administration after it felt burned by the failure to repeal and replace Obamacare.

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  • Consistent April 25, 2017 at 10:23 am #15279

    EVERYDAY April 25, 2017 at 1:59 pm #15285

    Of course. Trump is a liberal Democrat. It’s only natural that he would spend like a liberal Democrat.

    Where is the money going to come from to pay for all this (expletive)? I thought this guy graduated from the Wharton School.

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