Trump's bipartisan tax reform push would blow up Republicans' strategy

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As Trump and the Democrats have negotiated the framework of a deal on DACA, Speaker of the House Paul Ryan (R-WI) is wigging out and trying to walk everything back by claiming that there is no deal.

PAUL RYAN: That plan is to get this done by the end of the year for law so that we start 2018 with a new tax system. For example, NY state and California are among the very highest tax states, and they would suffer the most.

The changes come in response to its recent admission to authorities investigating Russia's influence on the 2016 election that they sold thousands of ads likely linked to Russian Federation, many of which were connected to "inauthentic" accounts and Pages.

"We intend to pursue a permanent tax reform plan that abides by the reconciliation rules", Strong said in an email. This afternoon, the president met to talk about his tax plans with a group of centrist House members.

"Through bipartisan outreach efforts like this, President Trump is demonstrating his commitment to fulfilling his promises, and that includes producing tangible results on important issues like tax reform", the White House said in a statement, labeling the meeting "highly productive". They're going to say: "This produces so much growth".

Trump's characterization of the tax cut effort was at odds with a description of the plan given a day earlier by Treasury Secretary Steven Mnuchin, who predicted that many wealthy Americans would see a tax cut. "Now, when you're competitive, fair and reasonable and it makes common sense, confidence goes up where people jump off the couch and get involved", Manchin said. The White House - specifically Trump - is less certain of that pitch.

In a phone call with a small group of reporters, Marc Short, Trump's legislative affairs director, said the president was not talking about higher tax rates, but that other changes in the tax code could affect the wealthy and how much they pay, the publication Roll Call reported. Now, with federal tax reform, we have a historic opportunity to restore the United States' competitiveness as the example for the world to follow.

President Donald Trump is pushing lawmakers to "move fast" on a tax overhaul.

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KELLY: To talk more about this, we reached Texas Republican Kevin Brady.

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

So far, the White House and GOP negotiators have areas of overlap but also areas of disagreement in their tax cut approach. He tweeted this morning that with Irma and Harvey devastation, tax cuts and tax reform is needed more than ever before.

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. They've won, for now, a $200 billion package of spending cuts as part of the House budget resolution, which has stalled after committee approval this summer.

A key topic of discussion is Trump's push for Congress to send him a bill to cut taxes for corporations and individuals. Tax cuts in the works could add hundreds of billions of dollars to the debt while bipartisan pressure for more money for defense, infrastructure, and domestic agencies could add nearly $100 billion in additional spending next year alone. They also don't have a plan on which to base a bill.

But legislators have not said what tax breaks they plan to eliminate to offset the revenue lost from steep tax rate cuts, which some economists have said could reduce government receipts by more than $5 trillion over 10 years.

Republicans will also have to pass a budget resolution to trigger a procedural motion that would allow them to pass tax legislation by a simple majority rather than the usual 60 votes in the Senate, which would allow them to bypass Democrat support.