President Trump on Wednesday made his closing arguments for his tax agenda, as House and Senate negotiators have reached an agreement in conference to work out the differences between their two bills.
But the president’s closing-in-on-victory lap speech at the White House had a cloudy backdrop. On Wednesday, he gave his first address since Roy Moore, the Republican he endorsed who was accused of sexual misconduct with minors, lost to Democrat Doug Jones in the Alabama special U.S. Senate race Tuesday night. Not only does Moore’s defeat mark a loss for Mr. Trump’s chosen candidate, but it will likely make the president’s legislative agenda more difficult to accomplish in the future, since Republicans will soon only have a slim 51-49 majority in the Senate.
For now, the president looks on track to meet his goal of signing a tax bill before Christmas.
For his speech, the president talked up the impact of the bill for middle-class families. The White House has invited a number of families to attend, along with Vice President Mike Pence, Treasury Secretary Steve Mnuchin, Labor Secretary Alexander Acosta and chief White House economist Gary Cohn.
11:00 am: Receives his daily intelligence briefing
12:00 pm: Departs White House
1:55 pm CT: Arrives St. Louis
2:30 pm CT: Makes remarks on tax reform; St. Charles Convention Center, St. Charles, Missouri
3:40 pm CT: Departs St. Louis
6:25 pm: Arrives White House
President Donald Trump said Tuesday that he hopes tax reform can be accomplished by year-end.
“I want the House to pass a bill by Thanksgiving. I want all of the people standing by my side when we get ready to sign by Christmas — hopefully before Christmas,” he said at a hastily scheduled press availability.
When asked if he was looking into phasing in corporate tax rate reductions, Trump responded, “We’re not looking for that, hopefully not.”
The president made his remarks after meeting with business leaders including the U.S. Chamber of Commerce, the National Association of Manufacturers and the Business Roundtable.
House Republicans are expected to release a draft their long-anticipated tax bill Wednesday.
Trump is scheduled to depart for a trip to several countries in Asia on Friday. While the president is overseas, some White House officials will stay behind to work on the tax overhaul effort, including Treasury Secretary Steve Mnuchin and top economic advisor Gary Cohn.
–CNBC, Christine Wang
11:30 am: Participates in a tax reform meeting; Roosevelt Room
12:30 pm: Participates in a legislative foreign policy lunch; Cabinet Room
2:00 pm: Meets with House Speaker Paul Ryan
3:30 pm: Meets with Secretary of Defense James Mattis
President Donald Trump began talks with Republican senators on Tuesday to try to build consensus for proposed tax cuts in a meeting that was overshadowed by an exchange of insults between the president and one of the lawmakers.
Trump has asked his fellow Republicans who control Congress to pass a package of tax cuts, including a deep reduction in the corporate income tax, by year’s end.
But hours before he was to promote the tax plan at a weekly lunch for Republican senators on Capitol Hill, Trump engaged in a distracting tussle with one of those lawmakers: Bob Corker, a leading fiscal hawk and the head of the Senate Foreign Relations Committee. Continue reading “Tue, Oct 24, 2017: Trump meets with Senate Republicans on tax reform”
President Donald Trump on Wednesday gathered with senators on the chamber’s tax-writing committee — including Democrats — as the GOP crafts a plan it hopes to pass this year.
Before the White House meeting, Trump touted the GOP’s tax-reform framework as a tool to unlock economic growth and boost job creation. The president, who has repeatedly said he wants to accomplish the difficult feat of winning Democratic votes, joked about the minority party’s support to Sen. Ron Wyden, D-Ore., the ranking member of the Senate Finance Committee.
“I’m sure we’ll have unanimous support. I have no doubt. Right, Ron?” Trump said before the meeting, flanked by committee Chairman Sen. Orrin Hatch, R-Utah, and Sen. Claire McCaskill, D-Mo.
McCaskill was one of six Democrats on the Finance Committee attending the meeting with Trump and their Republican counterparts. All except Wyden — McCaskill, Sen. Sherrod Brown of Ohio, Sen. Bob Casey of Pennsylvania, Sen. Bill Nelson of Florida and Sen. Debbie Stabenow of Michigan — face re-election next year in a state Trump won in 2016.
Click here to read more from CNBC.
10:00 am: Receives his daily intelligence briefing
2:05 pm: Meets with Canadian Prime Minister Justin Trudeau
3:15 pm: Departs White House
4:20 pm: Arrives Harrisburg, Pennsylvania
5:45 pm: Gives remarks on tax reform; Harrisburg International Airport
6:25 pm: Departs Harrisburg, Pennsylvania
7:30 pm: Arrives White House
President Donald Trump on Friday addressed a meeting of the National Association of Manufacturers in Washington and declared that “the era of economic surrender is over.”
Trump said the newly released Republican tax reform plan would result in the “rebirth of American industry.”
Speaking before a friendly and enthusiastic audience of business owners and CEOs, the president touted what he called “a giant, beautiful, massive, the-biggest-ever-in-our-country, tax cut” for businesses, that he said is at the center of his economic revival plan. He also outlined some of the biggest changes his tax plan would make for businesses. Continue reading “Fri, Sept 29, 2017: Trump speaks to National Association of Manufacturers, says “era of economic surrender is over””
President Trump promised Wednesday to bring “revolutionary change” to the federal tax code that will help the middle class — and not the wealthy.
“They can call me all they want. It’s not going to help,” Trump said of the well-to-do in a speech in Indianapolis. “I’m doing the right thing. And it’s not good for me, believe me.”
What would help both the country and his own legacy, Trump said, is when the economy “takes off like a rocket ship” after business taxes are dramatically cut.
The tax changes he outlined are the basis for a plan jointly agreed to with Republican congressional leaders. But Congress still has to fill in many important details before bringing to a vote legislation Trump hopes to sign before the end of the year.
Click here to read more from USA Today.
10:00 am: Receives his daily intelligence briefing
10:30 am: Meets with Secretary of State Tillerson
12:35 pm: Departs White House
2:25 pm: Arrives Indianapolis, Indiana
3:20 pm: Makes remarks on tax reform; Farm Bureau Building
4:25 pm: Departs Indianapolis
6:10 pm: Arrive White House