White House's Kudlow: Tax reform's next phase won't happen in 2018

[DonViejo]

Source: Reuters



NOVEMBER 20, 2018 / 9:45 AM / UPDATED AN HOUR AGO

WASHINGTON (Reuters) - White House Economic Adviser Larry Kudlow told reporters on Tuesday the next phase of U.S. tax reform will not happen during the final months of 2018, the “lame duck” period when Republicans will still control Congress.

A follow-up to Republicans’ 2017 tax overhaul could be passed in the new session of Congress starting in January, Kudlow said, even though Democrats will hold the majority in the House of Representatives, the chamber that writes revenue and spending legislation.

Many changes were being considered “to make the code more efficient and more pro growth, ... flatter rates for everybody, particularly middle class people, get rid of the loopholes,” Kudlow said to reporters at the White House.

“None of this I think will happen” with the current Congress, he added. “I don’t see it.”


Read more: https://www.reuters.com/article/us-usa-trump-tax/white-houses-kudlow-tax-reforms-next-phase-wont-happen-in-2018-idUSKCN1NP1QZ

[truthisfreedom]

1. When will they admit the middle class tax cut was bullshit?

Never. He lies and gets away with his cons.

[PSPS]

2. Let's hope not. "Tax reform" means trump and his cronies looting the treasury again.

[Mr.Bill]

3. They will propose another huge tax cut for the rich,

they will label it a "middle class tax cut" and they will blame the Democratic House of Representatives for refusing to pass it.

[LakeSuperiorView]

4. Hey Kudzow, What happened to the middle class tax cut that tRump promised?

[rsdsharp]

5. Of course it won't. That would be redundant.

Donnie Dumbass said it happened before the midterms when Congress was not in session.

He wouldn't lie, would he?

[The Liberal Lion]

6. Another tax cut in the light of these record budget shortfalls is nothing short of economic suicide

[wasupaloopa]

7. By loopholes they mean the home interest

deduction.