Quantcast
Connect with us

White House Economic Adviser Larry Kudlow: Tax reform’s next phase won’t happen in 2018

Published

on

White House Economic Adviser Larry Kudlow told reporters on Tuesday the next phase of U.S. tax reform will not happen during the final months of 2018, the “lame duck” period when Republicans will still control Congress.

A follow-up to Republicans’ 2017 tax overhaul could be passed in the new session of Congress starting in January, Kudlow said, even though Democrats will hold the majority in the House of Representatives, the chamber that writes revenue and spending legislation.

ADVERTISEMENT

Many changes were being considered “to make the code more efficient and more pro growth, … flatter rates for everybody, particularly middle class people, get rid of the loopholes,” Kudlow said to reporters at the White House.

“None of this I think will happen” with the current Congress, he added. “I don’t see it.”

When a reporter asked about Democrats’ control of the House, Kudlow said: “That doesn’t mean we couldn’t get something in the new session.”

President Donald Trump said last month his administration was planning to roll out plans for a 10 percent tax cut for middle-income people before the Nov. 6 congressional elections.

Reporting by Mike Stone; Writing by Lisa Lambert; Editing by Chizu Nomiyama and Bernadette Baum

ADVERTISEMENT


Report typos and corrections to: [email protected].
READ COMMENTS - JOIN THE DISCUSSION
Continue Reading

Facebook

Fox’s John Roberts: Trump’s attack on Yovanovitch caused ‘a lot of damage’ to foreheads at the White House

Published

on

On today's edition of Your World, Fox News Neil Cavuto asked White House correspondent John Roberts what he thinks the consequences will be for President Trump's apparent attempt to intimidate former Ukraine ambassador Marie Yovanovitch -- at the very moment she was testifying at the second public hearing of the House's impeachment inquiry.

"I don't know how much political damage that tweet is going to do, Neil, but certainly I think there was a lot of damage here at the White House to a collective group of foreheads as people went like this..." Roberts said, while mimicking someone smacking their forehead in frustration. "...as the President tweeted that out right in the middle of the hearing."

Continue Reading

Facebook

‘American hero’ Marie Yovanovitch gets standing ovation ‘drowning out and effectively answering’ GOP’s ‘limp objections’

Published

on

'Poignant and Perfect'

Former U.S. Ambassador to Ukraine Marie Yovanovitch was heralded with a standing ovation as her five-plus hours of calm and patriotic testimony ended and House Republicans tried to commandeer the last whiffs of Friday's impeachment proceedings.

Republicans demanded they be given extra time to speak as the hearing was gaveled to a close, claiming they had been disparaged and had the right to respond.

They did not.

As she stood and began to walk away, audience members in the gallery cheered, and gave Ambassador Yovanovitch a standing ovation.

Continue Reading
 

Facebook

‘This is not about tweets!’ GOP lawmaker deflects wildly when asked about Trump’s attacks on Yovanovitch

Published

on

Rep. Elise Stefanik (R-NY) on Friday was not happy to be asked about President Donald Trump's tweets attacking former American ambassador to Ukraine Marie Yovanovitch.

During a press conference that occurred after the day's impeachment hearings, Stefanik tried to make the case that nothing in Yovanovitch's testimony provided any reason to impeach the president.

She was thrown off her game, however, when a reporter asked her whether the president's tweet harmed her party's ability to send a consistent message.

"We're not here to talk about tweets but impeachable offenses!" she angrily replied. "Let me answer your question. These hearings are not about tweets. They are about impeachment of the president of United States. This is a constitutional matter."

Continue Reading
 
 
Help Raw Story Uncover Injustice. Join Raw Story Investigates for $1 and go ad-free.
close-image