The current tax plan is a disaster and needs to be reformed for all Americans. President Donald J. Trump is committed to bringing historic tax relief to the American people based on four key ideas – cutting taxes for every day Americans, simplifying the tax code, giving business the competitive edge, and investing in America. Today, President Trump is traveling to Harrisburg, Pennsylvania, to deliver this message on tax reform to the American Trucker Association.
“TRUMP IS OVERWRITING OBAMA’S UNLAWFUL GREEN SCHEMES”
– Rich Lowry, New York Post
Rich Lowry in the New York Post writes on President Trump’s effort to roll back the Obama administration’s Clean Power Plan, which was imposed with “tendentious readings of the law and sweeping bureaucratic actions.” Lowry comments President Trump “has operated within constitutional lines better than his technocratic predecessor,” and the real problem with President Obama’s environmental plan is that it must not be instituted by “strained legal interpretations alone,” which it originally was, enough so that the Supreme Court blocked “its implementation pending all the lawsuits against it.” Furthermore, although President Obama’s Climate Action Plan was designed to have an impact on global warming, Lowry reports the most it would do is “reduce the global temperature by 15 one-thousands of a degree by 2100.” Lowry concludes that President Obama’s “impatience with Congress and his administrative imperiousness,” led to presumptuous polices, and “what he imposed unilaterally is subject to unilateral reversal.”
Click here to read more
On tax reform, the Observer’s Peter Ferrara writes President Trump’s tax reform plan is “a large, even historic, pro-growth tax rate cut based on the same model as the enormously successful Kennedy and Reagan tax cuts,” and it is “historical facts, not opinion,” that President Trump’s plan will also “grow federal revenue.”
Regarding immigration, the editorial board of Investor’s Business Daily comments that President Trump’s 70-point immigration plan “leans heavily toward reinforcing the U.S. border against illegal crossings,” is “long overdue,” and the President is being “generous” for being open to legalizing the Dreamers while only asking Congress to “take the border seriously,” in return.
In religious liberty news, The Hill’s Jonathan Easley remarks “Trump’s presidency has been a triumph for the religious right,” as in the past week, the social conservatives faced three major gains focused on pro-life and religious freedom.
And The Associated Press reports on Ivanka Trump’s successful push to “get a family-focused tax credit included in the Republican tax overhaul proposal.” Ivanka has been busy meeting with lawmakers to gain support for the plan, stating the child tax credit will give families “the flexibility to make the best choices regarding their families’ care,” AP writes.
“TAX REFORM WILL GIVE WORKERS A RAISE”
– Lawrence Lindsey, The Wall Street Journal
Lawrence Lindsey, president and CEO of the Lindsey Group, writes in the The Wall Street Journal that if President Trump’s tax reform package passes through Congress, “we can expect economic growth to accelerate to roughly 3.2% for the next three to five years,” which history suggests will ultimately result in higher “real” wages for workers. The bill also encourages entrepreneurship and small-business formation, “the ultimate driver of productivity growth,” Lindsey remarks before commenting that a “rise in real wages” would “lead to the first sustained decline in income inequality in more than 40 years.” If the plan passes, “The American economy will finally start working in the interest of the great middle class and not simply those at the top,” Lindsey concludes.
Click here to read more
On the tax reform push, Laura Olson of The Morning Call reports President Trump will pitch his tax plan to “roughly 1,000 people, including lots of truckers,” in Harrisburg, PA on Wednesday. The President plans to speak about how his plan “will benefit truckers by lowering their tax rates, boosting manufacturing, and making it easier for families to pass their trucking business onto their children,” Olson writes.
Regarding the need for a tax overhaul, U.S. Treasury Department Assistant Secretary for Public Affairs Tony Sayegh writes in Wisconsin Business Voice that “it is time for lawmakers to put partisanship aside and come together to get our economy and wages growing at a much faster rate,” calling President Trump’s tax plan a “once-in-a-generation opportunity” to put “America first.”
And in the Washington Examiner, Joseph Lawler reports President Trump’s tax reform plan looks to “increase the typical family’s earnings by $4,000,” an estimate that remains consistent with his argument that lowering the corporate tax rate and reforming corporate taxes will raise earnings for the American people.
President Donald J. Trump welcomes the 2017 Stanley Cup Champions, the Pittsburgh Penguins to the White House
October 10, 2017 (Official White House Photo by Shealah Craighead)
In labor news, Andy Puzder, opinion contributor at The Hill, comments that the 16-year low unemployment rate of 4.2 percent is a result of President Trump’s deregulation efforts, which have led to “businesses across the country are [sic] hiring and more Americans are [sic] working better jobs for higher pay.”