Ryan struggles to sell tax reform plan

| February 17, 2017

GOP senators are wary of a pillar of the speaker’s proposal, an ominous sign for one of Donald Trump’s top agenda items.

Paul Ryan showed up to Senate Republicans’ weekly lunch on Tuesday hoping to salvage a controversial pillar of his tax reform plan that would change how imports and exports are taxed. “Keep your powder dry,” the House speaker pleaded.

The next day, Sen. Tom Cotton took to the Senate floor to slam Ryan’s so-called border adjustment tax, saying “some ideas are so stupid only an intellectual could believe them.”

“Many other senators share these concerns and we most certainly will not ‘keep our powder dry,’” Cotton went on, without naming the speaker in his speech.

The sequence was an ominous sign for a linchpin of Ryan’s tax plan — and perhaps for the prospects of tax reform happening at all. The border adjustment tax would generate more than a trillion dollars over a decade; there’s no obvious way to replace that money, which is needed to help pay for a steep cut in corporate and income taxes.

In meetings with administration officials and Senate leaders, Ryan has framed his proposal as a compromise between a tariff, which the president wants, and conservative orthodoxy against border taxes. He has suggested it’s in keeping with President Donald Trump’s “America first” mantra, since it would reward American manufacturers that make products here and sell it abroad.

 

Read More

 


source: http://www.politico.com/story/2017/02/paul-ryan-tax-reform-republicans-235117

  • Dave

    I think these Senators need to focus on what they were sent there to do and that is to make this country strong again and they should first talk with us before they decide to start playing politics with OUR lives and OUR economy so that we can tell them what the HELL we want done and how.

  • stonecold621

    because paul ryan and some in the gop are smug, smiling two-faced [email protected]
    either get the job done or we, the people will find someone who can!!!

  • Jack Magurn

    Make them vote on the issue!! We will then know for certain who to vote out in upcoming elections!

  • iliad007

    Ryan is a Benedict Arnold. He is member of the cabal and needs to be beheaded.

  • Carolyn Matzura

    Please inform President Trump, that his Health care plan, will only work if they control costs within the Medical world, the hospitals, the Doctors, their staff, the medical supplies and the pharmaceutical overcharges. All needs to be restructured or the cost of Health insurance will continue to increase, especially covering previous illnesses and all the folks unable to pay.

  • Gardener8

    I think many of us feared that entrenched Republicans would obstruct President Trump’s
    plans if the plans affected their donor base. After all, politicians that have been in
    office for a while like things the way they were. They’ve prospered under the system currently in place. It looks like we may have to send many into retirement soon.
    John McCain, Lindsey Graham, and Susan Collins deserve to be voted out as
    soon as possible – they’re more of a hindrance than a help to our President.

  • Mynickelsworth

    First, the Fed. Govt. has no constitutional powers to be involved in health and healthcare including insurance. Article I, Section 8 of the Constitution lists all the areas in which Congress has authority to make laws. You will find nothing that involves health and health care, not even medical drugs, foods, etc that are all under the thumb of the FDA and Dept. HHS.
    You will not find any authority for them to be involved in Education, Housing, Urban Dev., Energy, Agriculture, Transportation (except designation of post roads), Labor, Environmental protection, Explosives, Alcohol, Tobacco, firearms nor medical drugs, control of Doctors, etc.

    They can save billions annually by getting rid of all the Unconstitutional crap.

  • Sal Petoia

    What America needs is term limits. Too many politicians on both sides of the aisle are entrenched in their offices for life, mainly because a good part of the electorate simply feels more comfortable with a known name. If an elected official cannot accomplish his/her goals for serving the people in two terms, they never will. Term limits has the potential to assure the infusion of “new” blood and new ideas. Regrettably, term limits will probably never happen because the “ins” are very comfortable with their positions and will never relinquish them readily!

  • The Redman

    white-folks stole america broke. hahaahahahhahahah