US President Donald Trump has worked double time in having his tax reform bill passed before reaching his first year in office. The administration is even pressuring the country’s legislators to have Trump’s tax plan passed immediately. In fact, Trump has already given them a deadline — with a warning — if his priority bill doesn’t get approved as soon as possible. Here’s a report from The Hill.
— AmericaFirstPolicies (@AmericaFirstPol) November 17, 2017
Trump to Lawmakers: No Christmas Break if No Tax Reform
President Trump said in an interview released Friday that lawmakers should forgo Christmas break if they do not pass tax reform before then. “Well I think they should and I think they will,” Trump told Fox Business Network’s Maria Bartiromo when asked if lawmakers should remain in Washington if a bill isn’t passed by Thanksgiving.
“I think a lot of things are happening unless, you know, it’s going to be right after that. But I don’t even like them leaving,” he continued. “But I will say this, I want to get it by the end of the year, but I’d be very disappointed if it took that long.”
Trump delivered this statement after the Senate has approved the fiscal budget for 2018, which brings his administration closer passing his tax reform proposal.
Trump’s Tax Plan as Christmas gift
Why is Donald Trump in such a hurry to pass the tax reform proposal? In interviews, the president declared that he was giving the Americans “a big beautiful Christmas present in the form of a tremendous tax cut.” He revealed that this ambitious plan would be the biggest tax cut in the country’s history. Part of Trump’s tax plan includes simplifying tax codes and reducing business taxes, all of which the president said will do wonders for the US economy.
Different Views on Trump’s Tax Plan
Lindsay Graham said, “If we don’t pass tax reform, Democrats will take the House and try to impeach Trump.”
Having seen the GOP tax scam, if they DO pass it, that’ll be the end of the Republican Party.https://t.co/BOfqBttW5o
— dcpetterson (@dcpetterson) November 15, 2017
The president’s tax reform would be the “most sweeping rewrite of the US tax code in decades.” Trump’s tax reform proposal has gained support from most of his allies among the Republicans, as this would help the party raise a large amount of money. But some party members warn that there could be a potential increase in the government’s debt over the next decade. The Democrat party, meanwhile, criticize the president’s plan as more advantageous for corporations and elite Americans instead of the working and middle-class citizens.
The Trump administrator puts too much effort on the passage of the president’s priority tax reform plan. But given the opposing views from most lawmakers, the fate of Trump’s tax plan remains hanging.
The president promises that his tax reform plan would become beneficial to all American household and businesses. Watch this Fox News analysis and see how Trump’s tax plan will affect the entire US economy:
Do you think you will benefit from President Donald Trump’s tax reform plan? Share your thoughts in the comments section below.
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