While the reason given is that the US corporate tax rate is too high, the real problem is that it's riddled with so many loopholes that companies pay vastly different rates - and sometimes, no tax at all! "It's too early in the process to kill this, and it will impact the rest of our agenda".
If you thought the health care debate divided Republicans and conservatives, just wait until the Trump Administration goes after tax reform. "I think other members of different points of view are beginning to figure that out".
Trump said he believed that withholding the payments for insurers would bring Democrats to the table on negotiations. During his 2016 campaign, Trump said he would decide whether to honor the commitment to protect the Baltic republics against Russian aggression, based on whether those countries "have fulfilled their obligations to us".
His budget director, Mick Mulvaney, echoed his comments in separate interviews with cable networks. Capitol Hill Republicans say it could be financed through a tax on overseas profits that USA companies have stashed abroad to avoid the 35-percent federal corporate tax rate. If there isn't one near you, take advice of the protest's organizers and sign this petition demanding he make his tax returns public.
Trump did acknowledge that passing healthcare legislation was "very, very hard", but he said something needed to be done because Obamacare was "failing". He also repeated his frequent criticism that the ACA is a "disaster" and that the GOP has a great plan for repealing and replacing the law.
"I think that realization is spreading out there: that nobody is going to be safe politically", he said.
"No decisions have been made about how the administration will proceed", she said.
Trump had three major economic priorities that he wanted to push through Congress this year, and all are off to rocky starts.
Last Friday, Cohn told FOX Business's Stuart Varney that the administration would "meet a timetable" to come up with tax-cut legislation, refusing to provide specifics.
Assuming the border tax fails, Republicans need to either find another revenue source or change the rules governing reconciliation.
The Trump White House is conducting a "listening" tour on how to best cut taxes as it concedes it no longer has a set deadline to produce its tax-cut plan, a move that could curtail the current rally in stock prices, FOX Business has learned. So they'll probably forge ahead to cut taxes for 10 years by $2 trillion to $3 trillion, but without reforming the system or disturbing the Trump family's business interests.
And on infrastructure, the White House is still designing how to pay for the $1 trillion package while also determining whether to package the effort with something else.
"You will have a White House-Donald Trump tax plan that we are going to take down to the Hill and try and sell", he said.
If Trump does hold health care hostage, the Democrats won't budge, because they know that Trump and the Republican Party will be held responsible for the damage.
The Trump administration could easily drop Mr. Obama's appeal of the ruling, but the White House and Republicans now realize they may have to keep the payments flowing until they figure out how to get rid of Obamacare and dispose of the suit. For example, he was circumspect when asked about a controversial feature of the House GOP tax overhaul plan, called a border adjustment tax.
But again, it's important to keep the net effect in mind: If a border adjustment tax can corral more demand within the USA while creating jobs and increasing wages, the hike in consumer prices could well be worth it. White House officials have been all over the place on the idea, sometimes appearing to back it and other times suggesting it won't work.
Trump was sworn into office, I authored legislation requiring all sitting presidents to release their tax returns, a practice that has been routine for every president since Watergate. "I have my own feelings".
During a news conference on January 11, Trump said Americans didn't care about his tax returns.
But Trump offered a big caveat on this idea when he added "I'm not saying that's what I'm doing".