Democrats plot ‘collision course’ with Trump’s tax plan
Democrats plot ‘collision course’ with Trump’s tax plan
By Sahil Kapur Bloomberg
WASHINGTON –– Congressional Democrats say they’ll try to thwart Republican plans to overhaul the U.S. tax code by portraying them as a boon for the rich that betrays President-elect Donald Trump’s campaign promise to fight for working Americans.
“There’s going to be opposition if these tax cuts are directed to the people at the top again,” said Rep. Richard Neal, D-Mass., who represents his party’s first line of defense as the ranking Democrat on the House’s tax-writing Ways and Means Committee. “We’re going to be pretty united.”
Neal and others say they’ll zero in on upper-income tax breaks pitched by Trump and Republican House leaders in an attempt to make it politically difficult for them to support large parts of the emerging plans.
Their initial comments suggest that the 115th Congress, which convenes Jan. 3 with a Republican-led agenda of instituting a broad tax overhaul and repealing Obamacare, will be peppered with debate over income inequality.
READ MORE: http://www.msn.com/en-us/news/politics/dem...
By Sahil Kapur Bloomberg
WASHINGTON –– Congressional Democrats say they’ll try to thwart Republican plans to overhaul the U.S. tax code by portraying them as a boon for the rich that betrays President-elect Donald Trump’s campaign promise to fight for working Americans.
“There’s going to be opposition if these tax cuts are directed to the people at the top again,” said Rep. Richard Neal, D-Mass., who represents his party’s first line of defense as the ranking Democrat on the House’s tax-writing Ways and Means Committee. “We’re going to be pretty united.”
Neal and others say they’ll zero in on upper-income tax breaks pitched by Trump and Republican House leaders in an attempt to make it politically difficult for them to support large parts of the emerging plans.
Their initial comments suggest that the 115th Congress, which convenes Jan. 3 with a Republican-led agenda of instituting a broad tax overhaul and repealing Obamacare, will be peppered with debate over income inequality.
READ MORE: http://www.msn.com/en-us/news/politics/dem...
