US President Donald Trump outlined on Wednesday the outcome of a “revolutionary” tax reform that was the first priority of a Republican camp in search of a significant step forward after the resounding failure of the reform of health insurance.
Putting forward a major reduction in corporate taxes from 35% to 20%, the White House tenant has defended a project “pro-growth, pro-employment, profamille, pro-American”. But many difficult questions remain to be settled and the debates in the Congress are expected to be difficult.
“We will bring back the jobs and wealth that have fled our country. It’s time to fight for our American workers, “said Donald Trump from Indianapolis.
The president had initially demanded a 15% change in corporate tax, but his congressional partners considered this objective unrealistic, hence the 20% compromise.
This “drastic” cut will allow “American groups to win against our foreign competitors and win again”, assured the American president who hammered his conviction that US growth can rise above the 3%.
“This is a revolutionary change, and the biggest winners will be the middle-class workers when jobs will return en masse to our country,” he continued.
According to this bill, the federal income tax would be reduced and become less progressive, from seven today to only three, with a maximum rate of 35% instead of 39.6%. A possible additional slice on the richest could be added, but the proposal remains vague.
Aware that the reform cannot pass without the support of Democratic votes, the American president made a call of the foot to his opponents. “Historically, tax reforms have not been partisan issues and there is no reason for it to be so today,” he said, calling the Democrats and Republicans of Congress ” bring together”.
“This is now or never,” said Speaker of the House of Representatives Paul Ryan, who has been working since last year on this major tax reform, the first since 1986 under Ronald Reagan.
The Republicans present their reform in terms of a great simplification of taxation so that the declaration of income of the Americans can be made, according to their formula, on a postcard. This entails removing numerous deductions and tax niches, the tax code has become very complex over the decades.
Only two popular deductions are explicitly protected by the Republicans: the sacrosanct deduction of interest on real estate loans, and that concerning charitable donations. The debate on the deductions to be abolished is not settled and will occupy the parliamentarians in the coming months.
The inheritance tax, which the Conservatives call “death tax,” would be abolished, in accordance with an old claim of the Republicans.
For businesses, the plan also provides for a move to a territorial tax system to encourage them to return to the United States. “We will stop punishing companies based in the United States,” said Mr. Trump.
After the failure to repeal the law on health coverage of Barack Obama, it is now the priority of the leader and his parliamentary majority. Initially, the goal was to adopt the reform before the end of the year, but Congress leaders refrained from setting a deadline.
Republicans have an absolute majority in the House and the Senate, but in the upper house of Congress, a qualified majority of three-fifths is generally required, which will require Republicans to receive support from part of the House, Democratic opposition.
The first reaction of the minority was not encouraging.
“This is not a tax reform, it is a gift for the richest, paid for by the middle class,” said Nancy Pelosi, head of the House Democrats, while Senator Bernie Sanders denounced proposals “morally disgusting. ”
Democrats have drawn a red line: not a penny of tax cuts for the 1% of wealthiest households.
Questioned on this point, Mr. Trump hammered his belief that the reform would benefit “very little fortunate people”. “I do what is right and, believe me, it’s not good for me,” added the billionaire.
In the majority, unanimity is not won either. Depending on ideological affinities and regions, some Republicans will defend a particular tax advantage, while others will demand that the reform does not widen the deficit.
Farmer plows message for the NFL Players: ‘We stand for the national anthem’
A farmer from North Dakota Gene Hanson has a solid message for NFL players protesting during the national anthem by kneeling before games, and he plowed it into his field of bean crops.
“We stand for the national anthem,” the massive message, which spans the length of two football fields, read in response to the controversial protests.
“I go with Trump on this one,” Hanson told Fox News. “If you want to protest, that’s not the place to do it. A lot of people died over our flag. We’re able to voice our opinion because of it. If you’re going to show respect for anything, do it for the national anthem.”
It took Hansen two tries and two hours to get his message right, as his initial endeavor was thwarted when a bystander intruded on him with just two letters left to finish. He identifies as a Republican and an avid supporter of President Trump and is doing what he can to send his support to Washington, D.C. from his farm.
The rancher has turned out to be popular for the huge messages that he carves into his 840-acre farm, which he photographs by flying his two-seater plane over them Some of his previous messages include “Drain the Swamp,” “Blue Lives Matter,” “GOP, get your act together” and “Vote Trump.” He said he caught a lot of flack for his “Never Hillary” message, but “most responses have been positive.”
China wants to be at the top of the world in arms
President Xi Jinping said that China should aim to achieve, and even surpass, the weapons technology of the Western powers.
Chinese President Xi Jinping has expressed his desire to the country’s leading defense companies to maximize their armaments so that China is on par with “the most powerful” in the world, according to a documentary issued by Chinese state television this week.
The independent South China Morning Post echoed the Chinese leader’s statements in a CCTV documentary on Monday, in which Xi stated that “gun developers should aim to achieve and even surpass, technology ( armament) of other countries. ”
Military power. “The importance of weapon development has increased as military technologies have improved in recent years … It is impossible to win a battle if there is an arms gap,” he said.
The documentary series, titled “Mighty Army”, revealed that the Chinese president’s wishes not only point to an improvement of the weaponry itself, but also to the scientific and technological systems of its armed forces: supercomputing, satellite navigation or ballistic missiles. defense.
New defense technologies. “China’s anti-ballistic missile technology is catching up with the United States,” Xi said, adding that so far only these two countries around the world can successfully intercept missiles of this type.
Experts consulted by this newspaper said that China is using its young talent – university or recent graduates – to develop these improvements and “and get a fighting force in the future,” programs such as the Beidou navigation system, Chinese equivalent to the US GPS.
Trump avoids talking about gun control after the shooting in Las Vegas
The president of the United States, a fierce defender of the right to bear arms, has not made any reference to the issue since the Sunday massacre.
President of the United States, Donald Trump said Tuesday that Sunday’s shooting in Las Vegas, with 59 dead and over 500 wounded, was the work of “a madman” and stopped again talk about the control of firearms in the country. From his campaign and during his presidency, the Republican has had the defenders of the right to carry arms as an important part of its political base.
In brief statements to reporters before traveling to Puerto Rico, he described the attacker as “a sick man”, “a man of insanity”, “with a lot of problems, I imagine”, not to mention that 23 firearms were found in the hotel room from where he shot at those attending a concert. Trump once again avoided condemning or simply referring to gun violence, along with the lines of his statements on Monday, preferring to focus on police action, calling his “quick” response a “miracle.”
Speaking at a press conference shortly after that appearance, presidential spokeswoman Sarah Sanders said it was “premature” to talk about legislation for greater arms control and said that debate could be held later. However, he recalled that Trump is “an outspoken advocate” of the right to bear arms. Democratic lawmakers urged Republicans to stop blocking gun control laws after the Las Vegas shooting, which was committed with a very powerful firearm and whose attacker had a whole arsenal with him.
- Cool & Interesting3 months ago
7 Children of dictators and murderers who didn’t follow the foot steps of their parents
- Animals8 months ago
Weird looking animals you didn’t know existed !!!
- News4 months ago
September 11…… Images that are hard to forget
- Cool & Interesting4 months ago
15 Celebrities pictures in their school yearbooks
- Animals8 months ago
Animals That Carry Babies on Their Backs
- Cool & Interesting4 months ago
You will not believe the beauty of these exotic trees; they seem out of this planet
- Cool & Interesting3 months ago
It turns out that spiders have tiny, adorable legs
- Sci & Tech4 months ago
Dubai Starts testing the first ever unmanned drone!!