Donald Trump will deliver a closing argument for the proposed Republican tax overhaul in a speech on Wednesday, said a person familiar with the matter.
President Trump’s speech will take place in Washington, said the person, who wasn’t authorized to speak publicly about the event. It comes as House and Senate negotiators are working to iron out differences in the versions of the bill passed in their respective chambers.
Republican lawmakers and members of the administration have long said that the goal is to get a final tax bill to the president’s desk for a signature by year end.
Trump has pitched the bill as a boon to the middle class. Vice President Mike Pence said in a Twitter post last week that the plan would be a pre-Christmas “middle-class miracle.”
Several independent studies suggest the benefits of tax cuts will be skewed toward high-income Americans, and that gains accruing to middle-income taxpayers will be uneven, because of the way widely-used deductions may change.
Most estimates, including those by Congress’ own economists, also suggest that the tax cuts will add substantially to the U. budget deficit, and would be only partly offset by higher economic growth that may be generated by the changes.
0 comments:
Post a Comment