Friday, October 20, 2017

Laying the Framework for Tax Code Reform

 

"IT'S TIME WE ADD TAX REFORM TO TRUMP'S LONG LIST OF ACCOMPLISHMENTS"

-Thomas Hicks, Jr., The Hill


Thomas Hicks, Jr., America First Policies board chairman, writes in The Hill, "President Trump has put forward a framework for much-needed and long-overdue reform of our tax code," and he has "set an example of achievement in the face of unprecedented, intransigent opposition." Hicks writes Americans should reject skepticism in the media that tax reform won't be passed, because they've been continually wrong about the President. Since he was inaugurated, "the economy has added over one million private sector jobs," the Dow Jones Industrial Average has hit 45 record highs, President Trump has enacted more legislation and signed more executive orders than any President in half a century, and "those are just some of the accomplishments." With his tax reform framework, President Trump, "has held up his end of the bargain" to make America great again and put Americans back to work, Hicks writes, and "now it's time for every member of Congress—Republicans and Democrat—to step up and do the job the American people elected them to do."
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On tax reform proceedings, The Washington Times reports that the Senate took "a crucial first step" last night towards tax reform by passing its annual budget.

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In the Washington Examiner, Americans for Prosperity's Akash Chougule writes anyone who needs proof that "taxes matter for economic growth" should look to the states, citing a new report from the Tax Foundation showing "that states with lower taxes and reasonable levels of government spending have stronger economies and are more attractive for businesses and individuals."

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Regarding healthcare, the Institute For Policy Innovation's Merrill Matthews writes in The Wall Street Journal that President Trump's recent executive order to "expand health-insurance options for individuals battered by exploding premiums and fleeing insurers" represents "progress" on health care, but says Congress still needs to act in order to give Americans relief from Obamacare.

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In economic news, USA Today reports that "the number of Americans collecting unemployment benefits fell last week to the lowest level since Richard Nixon was president," with the Labor Department saying that jobless claims are now at their lowest level since March 1973.


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