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Trump Targets McCaskill: 'Vote Her Out' If She Doesn't Slash Corporate Taxes

Trump Targets McCaskill: 'Vote Her Out' If She Doesn't Slash Corporate Taxes

Trump's speech kicked off in earnest the effort of selling tax reform, which Treasury Secretary Steven Mnuchin said last week he hopes to get to the President's desk by the end of the year.

"There has been this unfortunate idea that everything has to be zero sum and certain people have to lose for somebody else to gain", said a White House official who spoke to reporters on condition of anonymity.

But an administration official said Trump's speech in the Midwest state would make the case for why America needs tax reform, rather than the nitty gritty of what he wants to change.

He pointed out that, during Trump's campaign, the then-Republican candidate promised to protect Medicaid and expand healthcare for everyone.

Pascrell also floated the possibility that Trump's global business empire might benefit from his tax plan, though no one can know "until the President releases his tax returns" - a step Trump has refused to take.

The current Trump tax plan gives far larger tax cuts to the very wealthiest households than to low- and middle-income households, Tax Policy Center (TPC) estimates show (see table).

The government has been bumping up against the almost $20 trillion debt ceiling for months, and the Treasury Department has been using "extraordinary measures" to keep from breaching it.

Trump also took a few stabs at the hard argument that cutting corporate rates would lead to job creation and benefits for people other than just the very rich. If he can convince working-class voters that Paul Ryan's tax plan will help them out, it means they'll literally believe anything. "And I don't want to be disappointed by Congress, do you understand me?" Pat Toomey, R-Pa., said "the president has gotten off-message too often and hasn't been able to be an effective spokesman for his own agenda".

Schumer says Republicans shouldn't use "fuzzy math or brazenly partisan estimates" to claim their tax plan wouldn't add to deficits. That change has gone relatively unnoticed: the campaign plan would have required USA multinationals to immediately pay tax on their foreign profits at the same rate as domestic profits.

Trump will be at the Loren Cook manufacturing plant at 2:30 p.m.to gather support for tax cuts. "Republican will win S", Trump wrote. Loren Cook also contributed to the Black Conservatives Fund, according to the newspaper. "And if she doesn't do this for you, you have to vote her out of office".


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