A growing number of key congressional Republicans are considering a controversial maneuver that would allow for about $450 billion of tax cuts without offsets, according to four congressional aides familiar with the discussions.
Treasury Secretary Steven Mnuchin emerged over the weekend as one of the staunchest defenders of Donald Trump in the Cabinet, bringing stability to the administration’s economic policy agenda as it heads into what’s expected to be an unpredictable debt-limit debate.
Senior finance professionals want to lower the corporate tax rate, capital gains taxes, and taxes on foreign income, while instituting a carbon emissions tax, according to a survey by the Institute of Management Accountants.
President Donald Trump laid out a path for Senate Majority Leader Mitch McConnell to get back in his good graces: replace Obamacare, overhaul the U.S. tax code and find a way to pay for big infrastructure improvements.
President Donald Trump repeatedly slammed Senate Majority Leader Mitch McConnell over the past two days over the failure of Congress to eliminate Obamacare, escalating a war of words with a fellow Republican who is key to advancing the president’s agenda.