News Worms
News Worms


Democrats: Solid opposition to Trump, but what comes next?

Democrats: Solid opposition to Trump, but what comes next?

The payments are used to help poorer people in Obamacare afford copays and other cost sharing for medical services. Buying a house, paying for child care, paying for college, and saving for retirement are all likely to become too expensive for middle class people to afford, and instead start turning into expensive luxuries for the wealthiest Americans.

Even if administration officials are simply batting around ideas, it seems clear that Trump's team is open to a different approach. The top 0.1 percent - people like Trump - would receive an average tax cut of more than $1 million a year, while average middle-class families making about $50,000 a year would get just $1 a day.

"That I think is their motivation", said Marc Gerson, vice chairman of the tax department at Miller & Chevalier and a former tax counsel to the House Ways and Means Committee.

Senate Democratic Leader, Sen. The hard-line conservative caucus was one of the groups primarily responsible for sinking the Republicans' first attempt to repeal the ACA, the American Health Care Act. "This cynical strategy will fail".

President Trump just fired the starting gun for yet another lap of trying - and nearly certainly failing - to repeal and replace ObamaCare.

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The White House has pushed back on those reports, saying that a VAT and a carbon tax are not under consideration and that the campaign tax plan remains the administration's foundation on tax reform. "If you don't do that you can't put any of the savings (from ObamaCare repeal) into the tax cuts and the tax reform". When asked on Fox Business on Friday whether the administration would at least get a plan for tax reform done by the August timetable set by Mnuchin, Trump economic adviser and former Goldman Sachs chief Gary Cohn said "the most important thing is we get tax reform done and we get it done this year".

But even that earlier proposal, which would have cut off health to care to millions and removed a core element of the pre-existing conditions protects, wasn't as cold-hearted as Trump's latest threat: to literally cut off poor Americans' access to health care.

White House aides say the goal is to cut tax rates sharply enough to improve the economic picture in depressed rural and industrial pockets of the country where many Trump voters live.

So where does the effort to overhaul taxes go from here?

The White House would not comment on the plan, but said a value-added tax based on consumption is not under consideration "as of now", according to a White House statement. They were delighted by Trump's strike on Syria. On Wednesday, D.J. Gribbin, who is coordinating the White House's infrastructure plans, said administration officials were still working out details and that much was in flux.

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Still, the health care debacle showed it may be worth reviving one signature of the Reagan-era tax rewrite: more public hearings on the minutiae of the measure.

"I don't think you want to destabilize the market until you have something to replace it with", Rep. Tom Cole, R-Oklahoma, a member of the House Appropriations Committee, said in an interview.

Trump said he believed that withholding the payments for insurers would bring Democrats to the table on negotiations. Cutting off the payments could trigger turmoil in insurance markets.

America's Health Insurance Plans, the American Medical Association, Blue Cross Blue Shield Association and the American Academy of Family Physicians were among eight organizations that penned a letter to Trump.

His comments, aired Wednesday on Fox Business News, come less than a week after Trump ordered a retaliatory strike on Syria based on USA evidence that Syrian President Bashar Assad attacked civilians with chemical weapons.

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