Politics McConnell Joins Ryan in Walking Back False Promise on Tax Bill

00:52  11 november  2017
00:52  11 november  2017 Source:   bloomberg.com

The new GOP tax plan proves it: The problem isn't just Trump, it's Republicans

  The new GOP tax plan proves it: The problem isn't just Trump, it's Republicans Republicans started with the goal of cutting taxes for the rich and corporations, then scrambled to shape everything around that.The Republican tax bill is finally out, and it doesn’t change the two competing narratives about it, which are that it’s either an enormous giveaway to the rich and corporations (the Democrats’ story) or that it will unleash spectacular growth that will trickle down to everyone (the Republicans’ story).

The top Republicans in the House and Senate have now walked back false promises about their tax bills ’ impact on the middle class. McConnell joins House Speaker Paul Ryan of Wisconsin in walking back their statements on taxes .

I had no faith the stupid party (Republican’s) would repeal Obamacare, but tax cuts???? Someone remind me why I should vote for Republicans please. Are you saying we DON’T know that McConnell and Ryan are going to screw us?

Senate Majority Leader Mitch McConnell, a Republican from Kentucky, pauses after speaking during a news conference on a unified tax reform framework at the U.S. Capitol in Washington, D.C., U.S., on Wednesday, Sept. 27, 2017. President Donald Trump and congressional leaders are rolling out a framework for a tax overhaul that would condense the existing seven tax rates to three, and cut the top rate to 35 percent from 39.6 percent.: House GOP Hold News Conference After Tax Reform Retreat © Bloomberg/Bloomberg House GOP Hold News Conference After Tax Reform Retreat

(Bloomberg) -- The top Republicans in the House and Senate have now walked back false promises about their tax bills’ impact on the middle class.

Senate Majority Leader Mitch McConnell acknowledged to The New York Times Friday he erred when he said in an MSNBC appearance last week that "nobody in the middle class is going to get a tax increase."

Now the Kentucky Republican says every income group would see a tax cut -- on average.

“You can’t guarantee that absolutely no one sees a tax increase,” he told the newspaper.

McConnell joins House Speaker Paul Ryan of Wisconsin in walking back their statements on taxes. Ryan had said in a radio interview Wednesday, "So actually, even though there’s a lot of false information out there, everybody gets a tax cut."

Ryan: ObamaCare mandate repeal up for consideration in tax bill

  Ryan: ObamaCare mandate repeal up for consideration in tax bill Speaker Paul Ryan (R-Wis.) said on Sunday that repealing ObamaCare's individual mandate is being discussed in talks surrounding the Republican reform tax plan. "We have an active conversation with our members and a whole host of ideas on things to add to this bill.  And that's one of the things that's being discussed," Ryan told Chris Wallace on "Fox News Sunday.""We're listening to our members about what we can do to add to this bill to make it even better.  So that's among the ideas that a lot of members are suggesting that we could add to this bill to make it even better," he continued.

The top Republicans in the House and Senate have now walked back false promises about their tax bills ’ impact on the middle class. McConnell joins House Speaker Paul Ryan of Wisconsin in walking back their statements on taxes .

Bloomberg) -- The top Republicans in the House and Senate have now walked back false promises about their tax bills ’ impact on the middle class. McConnell joins House Speaker Paul Ryan of Wisconsin in walking back their statements on taxes .

That statement was false, as there are millions of people who would face higher tax bills from the loss of deductions like the one for state and local taxes, which is rolled back in the House bill and eliminated entirely in the Senate bill.

A day later, Ryan’s language changed.

"At every income level, there is a tax cut for the average family," Ryan said in a statement Thursday, citing a study by the Joint Committee on Taxation.

AshLee Strong, a Ryan spokeswoman, told The Washington Post that he misspoke.

(Updates with quote from Donald Trump in ninth paragraph.)

To contact the reporter on this story: Jason Koutsoukis in Singapore at jkoutsoukis2@bloomberg.net.

To contact the editors responsible for this story: Rosalind Mathieson at rmathieson3@bloomberg.net, Daniel Ten Kate at dtenkate@bloomberg.net.

©2017 Bloomberg L.P.

Senate panel approves GOP tax plan .
The Senate Finance Committee has approved the chamber’s GOP tax bill, after the House passed its measure on Thursday.The panel voted to send the tax plan to the full Senate on a party-line vote of 14-12.

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