Trump clarifies tax plans for housing Republican leaders at White House meeting
President Donald Trump gathered with Republican leaders in the House on Thursday to shift his tax priorities.
At the meeting, he told House Speaker Mike Johnson.
White House Press Secretary Karoline Leavitt details Trump’s “taxes that don’t pay the elderly, social security, and no overtime taxes” as the long meeting continues.
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Johnson and other Republican leaders prefer a large settlement bill. (Andrew Harnik/Getty Images)
In addition, he wants to renew his tax cuts from the Tax Cuts and Employment Act (TCJA) of 2017, she said. The provisions of the legislation begin expiration later this year.
Leavitt added that Trump is also focusing on adjusting the caps on state and local taxes (salt) deductions, which is a high cost of living for Republicans.
Additionally, Trump proposed to House Republicans that he is seeking to “eliminate all special tax breaks for billionaire sports owners; close the interest tax cut loopholes carried” and “tax cuts made for U.S.-made products. ”
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Leavitt shared tax priorities with the press. (AP/Evan Vucci)
“This will be the biggest tax cut in history for middle-class Americans working. The president is committed to working with Congress to achieve that,” Levitt said.
Trump’s tax meeting with Republican leaders in the House of Representatives was because the House of Commons tried to develop a single-vote budget plan that included all the president’s agenda priorities, including borders and taxes.
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House leaders joined Trump at the White House. (J. Scott Applewhite/AP)
The budget settlement process lowered the bar, raising a Senate bill from 60 votes to just 51 votes. With a 53-vote majority in the House of Lords, Republicans are expected to push for policy with the support of the GOP meeting.
House Republicans have not yet proposed a budget plan to enable Senate Republicans to move forward.
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A plan for Republicans to be planned on the reconciliation process was announced to the senators on Wednesday. (Reuters)
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On Wednesday, Senate Budget Committee Chairman Lindsey Graham, RS.C. It announced that he intends to propose the first bill to the border, defense and energy next week. Taxes will be part of the second budget solution later this year.
The move threatens the position of House Republicans to lead the process and lead the lead.
