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WASHINGTON (Reuters) - President Donald Trump said on Wednesday the rich might see a hike in taxes as he pursues a major tax overhaul with outreach to Democrats who oppose cutting rates for the wealthy, while Republicans in Congress set a timetable to unveil their plan.
The White House and the Republican-led Congress have not put forth a detailed tax plan despite months of talks that have excluded Democrats. House of Representatives Speaker Paul Ryan said an outline would be unveiled during the work week beginning Sept. 25, with congressional tax-writing committees crafting detailed legislation in the subsequent weeks.
Democrats - Tax - Overhaul - Efforts - Americans
Democrats have criticized the Republican tax overhaul efforts as benefiting mainly the wealthiest Americans. Trump, a real estate mogul, said the rich would not be making gains with the plan, which he said was geared toward providing the largest tax cut ever for the middle class and creating jobs.
“I think the wealthy will be pretty much where they are,” Trump said of taxes on the rich, without specifying the income level. “If they have to go higher, they’ll go higher, frankly.”
Trump - Senate - Leader - Chuck - Schumer
Trump will host Senate Democratic leader Chuck Schumer and House Democratic leader Nancy Pelosi on Wednesday evening to discuss the legislative agenda with a focus on the tax overhaul after meetings with bipartisan groups of lawmakers on Tuesday night and Wednesday afternoon.
“We should be able to come together to make government work for the people,” Trump told reporters as he met with eight Democratic and five Republican House members to try to find common ground on taxes as well as immigration and healthcare.
Message - Conservatives - Democrats - Trump - I‘m
Asked what his message was to skeptical conservatives who worry he is cozying up to Democrats, Trump said: “I‘m a conservative, and I will tell you I‘m not skeptical. And I think that if we can do things in a bipartisan...
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