Worthy Christian News » US News » Trump seeking tax cuts in fall to boost economy


Trump seeking tax cuts in fall to boost economy

Tuesday, June 6, 2017 | , Tag Cloud

(Worthy News) -
Getting tax cuts through Congress this fall to boost the economy is a bigger priority than overall tax reform, a top White House official said Monday.

White House legislative affairs director Marc Short said the administration is working with House and Senate leaders to produce a single tax-relief package that lawmakers would take up after Labor Day.

“We believe that the economy needs to get spurred quickly, and we want to make sure there are sufficient tax cuts,” Mr. Short told reporters. “In order to jump-start the economy, we need to cut taxes for both businesses and individuals.”

The president is seeking a cut in the corporate tax rate from about 35 percent to 15 percent, as well as cuts in individual rates. [ Source ]

Copyright 1999-2016 Worthy News. All rights reserved.
Fair Use Notice:This site contains copyrighted material the use of which has not always been specifically authorized by the copyright owner. We are making such material available in our efforts to advance understanding of environmental, political, human rights, economic, democracy, scientific, and social justice issues, etc. We believe this constitutes a 'fair use' of any such copyrighted material as provided for in section 107 of the US Copyright Law. In accordance with Title 17 U.S.C. Section 107, the material on this site is distributed without profit to those who have expressed a prior interest in receiving the included information for research and educational purposes. For more information go to: http://www.law.cornell.edu/uscode/17/107.shtml. If you wish to use copyrighted material from this site for purposes of your own that go beyond 'fair use', you must obtain permission from the copyright owner.

Worthy Christian News » US News » Trump seeking tax cuts in fall to boost economy

Leave a Comment

Worthy Christian News » US News » Trump seeking tax cuts in fall to boost economy