Opinion Trump Can Sell Tax Reform by Telling People How It Affects Them Personally

19:36  12 october  2017
19:36  12 october  2017 Source:   U.S. News & World Report

Koch-backed group targets red-state Dems on tax reform

  Koch-backed group targets red-state Dems on tax reform The fiscally conservative advocacy group Americans for Prosperity (AFP) is putting millions of dollars behind an ad-buy pressuring red-state Democrats up for reelection in 2018 to support the GOP's tax reform proposals.AFP, which is backed by billionaire Republican donors Charles and David Koch, has purchased $4.5 million of air-time in three states, calling on Democratic Sens. Claire McCaskill (Mo.), Tammy Baldwin (Wis.) and Joe Donnelly (Ind.) to support a tax code overhaul.

Serious people are starting to wonder if tax reform can pass, largely because they ' re only talking to people inside Washington. How do President Trump 's promises to bring back coal jobs and fight the opioid epidemic go over in West Virginia?

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The Associated Press: FILE - In this Wednesday, Sept. 27, 2017, file photo, President Donald Trump speaks about tax reform at the Farm Bureau Building at the Indiana State Fairgrounds, in Indianapolis. The Trump administration's plans to slash corporate taxes and make other business-friendly changes to the nation's tax laws have helped lift U.S. stocks in recent weeks. And depending on which changes, if any, ultimately end up signed into law, more companies could see bigger gains. (AP Photo/Alex Brandon, File) © The Associated Press FILE - In this Wednesday, Sept. 27, 2017, file photo, President Donald Trump speaks about tax reform at the Farm Bureau Building at the Indiana State Fairgrounds, in Indianapolis. The Trump administration's plans to slash corporate taxes and make other business-friendly changes to the nation's tax laws have helped lift U.S. stocks in recent weeks. And depending on which changes, if any, ultimately end up signed into law, more companies could see bigger gains. (AP Photo/Alex Brandon, File)

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Trump suggests bipartisan group on tax reform

  Trump suggests bipartisan group on tax reform President Trump floated the idea that senators should start a bipartisan working group on tax reform during a closed door White House meeting on Wednesday, according to a key senator in the meeting."There was some discussion about that. And I think Sen. [Orrin] Hatch (R-Utah) and Sen. [Ron] Wyden (D-Ore.) are-the president basically asked them to work on that," said Sen. John Cornyn (R-Texas), who took part in the meeting, whe n asked if the issue was discussed. Spokespeople for Hatch and the White House didn't immediately respond to a request for comment.

“What I want to know is does our tax reform actually help people where they live right now?” On that, the jury's still out. President Donald Trump will deliver a speech on the tax reform effort Wednesday night in Pennsylvania and is expected to focus heavily on how the plan will benefit individual taxpayers.

Trump 's Tax Plan and How It Would Affect You. Search the site. Donald Trump promised to reform the tax code. Photo by Chip Somodevilla/Getty Images. That would tax money away from 40 million people . It would especially hurt residents in high- tax states like California and New York.

Serious people are starting to wonder if tax reform can pass, largely because they're only talking to people inside Washington.

Instead they should talk to the American people. Most of them are hungry for it. A quarter of small business owners surveyed by CNBC/Survey Money said taxes were the most critical issue they currently face. Overall it's their No. 1 concern and, since small business is the engine of growth in the U.S. economy, that's an important consideration.

Things have improved since Election Day 2016, but the economy is still not growing like it needs to if we are to have hope of ever paying down the national debt, now equal to about one year's U.S. GDP.

The code is complex, cumbersome and punishes success. It incentivizes employers to send jobs overseas and keep profits offshore for as long as possible lest they be taxed twice, once when earned and again when they're brought home. Purchasing power is shrinking even as the economy is adding jobs.

Trump praises Senate for passing budget, eyeing tax reform

  Trump praises Senate for passing budget, eyeing tax reform <p>President Trump praised Senate Republicans late Thursday for passing the fiscal 2018 budget, a key step toward the party's goal of getting tax reform.</p>"President Trump looks forward to final enactment of the Fiscal Year 2018 budget resolution so we can bring jobs back to our country," it added.

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The economy is in a prolonged stall. The post-Great Recession of 2008 recovery is hardly worthy of the name. What's needed to get things moving is a shot of economic adrenaline. The Trump plan, the centerpiece of which sets the corporate rate at 20 percent – a considerable reduction from what is currently the highest in the industrialized world – should do the trick.

Tax cuts fueled the economic booms of the roaring 20s, the soaring 60s and the Go-Go 80s. We need them again to get out of our current rut. Which means President Donald Trump needs to go over the heads of the Washington swamp-dwellers directly to the American people, just like Ronald Reagan did in 1981 to get his tax cut through.

Members of Congress, especially those in the Senate, need the kind of pressure only the public can provide if they are to pass a budget the allows for tax reform to pass with the minimum number of votes possible. If the Democrats under the thumb of Senate Minority Leader Chuck Schumer are allowed to set the threshold for passage at 60 votes, then it's game over.

Trump personally interviewed US attorney candidates in New York: report

  Trump personally interviewed US attorney candidates in New York: report President Trump has reportedly conducted interviews for at least two of the potential candidates for U.S. attorney positions in New York, according to a new report by Politico.Sources told Politico that Trump has interviewed two corporate lawyers to be potential nominees: Geoffrey Berman for the U.S. attorney post in the Southern District of New York, and Ed McNally for the Eastern District of New York.The interviews by Trump, an unusual move for a president, have raised eyebrows, leaving critics worried of potential conflicts of interest. U.S.

Business Tax Reform To Encourage Jobs And Spur Economic Growth. Too many companies – from great American brands to innovative startups – are Because the Trump plan introduces a new business income rate within the personal income tax code, they will not harm small businesses either.

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Passing the budget, though, is only the first step. There's a lot of work yet to be done before we reform the code in ways that will make a meaningful difference in the lives and bank accounts of the American people.

Trump is off to a good start. He's taken the show on the road and is campaigning for tax reform in states he carried for president where a Democrat is seeking re-election next year to the U.S. Senate. His trip Wednesday to Pennsylvania, where he talked with small manufacturers and workers whom he hopes will relay his concerns along with their own to Sen. Bob Casey, another Democrat up for re-election in 2018, suggests he understands the battle for tax reform will be won out in America, not inside the Beltway.

Unfortunately he's not getting the support he needs from the echo chamber to reinforce his message. Some groups are up on the air or out in social media trying to influence voters with messages explaining how his plan will improve things for the middle class, but the messaging machine that calls those assertions nonsense is louder, more vigorous and, all too often, masquerades as news reporting.

The GOP Congress needs to pass tax reform -- or face primaries. Voters have had enough

  The GOP Congress needs to pass tax reform -- or face primaries. Voters have had enough The American people are frustrated and rightly so. Tens of millions of Americans came together and elected the ultimate political outsider Donald Trump president of the United States in 2016.  This was a continuation of the message sent by voters in 2010 and again in 2014 that Washington, D.C., is broken. Now nine months into the reform-minded Trump administration, that feeling of frustration is palpable and growing with each day.

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To win on tax reform, supporters have to show Jane and John Q. Public just what it means for them. A study released in August 2017 by Marquette University economist Andrew Hanson and the Cato Institute's Ike Brannon examining the relationship between corporate tax rates and labor costs found that rate corporate reductions in the 10- to 20-percent range "would imply long run employment gains between 6 percent to 22 percent and wage increases between 15 percent to 28 percent."

As the president might say, those changes are "big league."

To be successful, it is critical the president do the hard work to successfully inform regular people about the benefits of tax reform, not just for the larger economy, but for people like them as identified in the Hanson/Brannon study. Moreover every part of the coalition that backs tax reform needs to repeat them, again and again and again until the evidence overcomes the emotional impact of the assert made by Democrats like Schumer that what Trump is proposing is just another round of tax cuts for the rich.

Pressure needs to be applied, not from leaders in the fight for tax reform against members of Congress who are being pushed to vote the wrong way, but from the grassroots. Senators need to hear from their constituents. The president would do well to tell the American people this over and over again. He wants to drain the swamp, and those who voted for him did so fully aware of that fact. He can't do it alone. He needs the people behind him.

If he can show successfully the benefits of tax reform for regular Americans that can be realized by setting the corporate tax rate at 20 percent, reducing the number of brackets from eight to four, with a top rate of 35 percent and a bottom rate of zero, making immediate full expensing for business a reality, abolishing the death tax and doubling the standard deduction, then he can assemble a coalition of voters who will help him push the bill through Congress.

Every Republican isn't yet on board, as surprising as that sounds. The president needs to remember that too, when he travels and when he tweets. He needs to get both parties to "yes" on tax reform if he wants to deliver the relief U.S. businesses and workers need to grow economy and create jobs.

Copyright 2017 U.S. News & World Report

Ivanka Trump, Jared Kushner to talk tax reform at bipartisan dinner .
Ivanka Trump and Jared Kushner are hosting another bipartisan dinner at their Kalorama home Monday evening, a source familiar with the dinner confirmed to CNN Monday. Democratic Sens. Joe Manchin, Heidi Heitkamp and Claire McCaskill, as well as Republican Sens. Marco Rubio, Mike Lee and Pat Toomey, are expected to attend. The topic of the dinner, first reported by Politico, is tax reform. Trump, a senior adviser to her father, President Donald Trump, is currently making a push alongside the White House on tax reform, working to cultivate relationships and build coalitions with Congress.

Source: http://us.pressfrom.com/news/opinion/-91156-trump-can-sell-tax-reform-by-telling-people-how-it-affects-them-personally/

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