Ryan: Majority in Congress want to protect young immigrants

Share

Trump is aggressively courting both Republicans and Democrats for a tax plan that has yet to be finalized.

Trump had dinner Tuesday with a group of Republican and Democratic senators to talk taxes. He offered no specifics but says he wants the biggest tax cut in US history.

"We want to get this done by the August recess".

Brady, caught slightly off guard by the president's comments, responded briskly: "My goal is to lower taxes on every American", he told reporters. Now, with federal tax reform, we have a historic opportunity to restore the United States' competitiveness as the example for the world to follow.

"There are two different things that are happening: discussions in the White House and discussions on Capitol Hill", said Rep. Mark Meadows (R-NC), who chairs the House's most conservative faction in the Freedom Caucus and has positioned himself as an important negotiating figure in Republican-led tax reform efforts. There are growing signs that Mr Trump's preference to reduce corporate tax to 15 per cent is unattainable. They are also debating whether to make the tax cuts retroactive so that they impact all income earned in 2017, or whether to make the changes prospective, impacting income earned in 2018 and beyond.

Conservatives have howled at Trump's proposed deal, but Ryan and other GOP leaders insist there's no formal agreement to enshrine protections for young immigrants.

KELLY: Can you commit to one specific tax break you would be willing to cut to pay for this?

Earlier, Treasury Secretary Steven Mnuchin said tax reductions would be paid for by faster economic growth.

Still, Ryan said partisan politics could complicate the issue.

Ryan suggested that he is amenable to Trump's controversial proposal to build a wall along the U.S. -Mexico border saying: "I think a wall actually works".

The White House says Democratic Sens. But in doing so, he's rustled some feathers among congressional Republicans.

KELLY: Let me move on and ask you about the president's investment in this. He's touring several states trying to sell this tax plan - something that he did not do back when y'all were trying to pass the health care bill.

After the morning House GOP meeting, Brady said that GOP leaders are working with Trump and the White House on the tax bill. Now, with a GOP president pressing for politically popular tax cuts and billions more for the military, few in the GOP are complaining about the nation's soaring debt.

What these rumblings for bipartisan negotiations mean for the actual policy appears to be beside the point for the president - but that's not the case for top Republican leaders. Paul Ryan is wigging out because Trump already committed he and Mitch McConnell to support a deal that they haven't been invited to talk about.

Manchin pointed out that nobody has seen the details of Trump's plan, and that he made it clear to the president that he "cannot look at my 10 babies, my wonderful grandchildren, and say 'look at what we left you'". But they have a problem or two to overcome.

Taxes are now front and center in Washington.

Ryan said the outline being worked on now would reflect the consensus of the House Ways and Means Committee, the Senate Finance Committee and the Trump administration.

So now the White House and GOP leadership appear to be working in spite of each other.

"We hear their concerns about safe environments, about standards, about measurement, and this is critical to us", she said.

He told " Closing Bell " it appears that Trump is interested in a bipartisan solution, although it might also be a way to get Republicans back on board.

Share