Reuters: U.S.

Friday, November 3, 2017

News Alert: Trump tax plan gets smooth lift-off

 
 
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The Memo: Trump tax plan gets smooth lift-off
President Trump and Republicans got off to a solid start with their tax reform plan on Thursday, though they have plenty of hurdles still to clear.

The president and the GOP have an enormous amount riding on the success of the tax push, given the failure of their efforts to repeal and replace the Affordable Care Act, also known as ObamaCare, earlier this year.

Trump and Speaker Paul Ryan (R-Wis.) spearheaded the push on Thursday. Trump insisted that the tax reform pledge would be “a big beautiful Christmas present” for the American people “in the form of a tremendous tax cut.”
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