Trump's tax cut dreams hit Republican resistance

Singapore News News

Trump's tax cut dreams hit Republican resistance
Singapore Latest News,Singapore Headlines
  • 📰 politico
  • ⏱ Reading Time:
  • 34 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 17%
  • Publisher: 59%

President Trump's demands for the next coronavirus aid package are running into a stubborn obstacle: his own party

While there’s plenty of GOP support for the liability provisions, the president’s beloved tax cut is another story. Republicans are not universally in favor of it. And McConnell hates dividing his conference because it weakens his negotiating hand.

Sen. John Thune of South Dakota , McConnell’s top deputy, said that protecting employers and employees from lawsuits is “straightforward.” But when asked about the payroll tax cut, he replied: “I’m not a particular fan of that.” Congress in March deferred employers' payroll taxes for the year. But Trump has been explicit that more needs to be done for workers.

A White House official said the president is “passionate” about the idea of a payroll tax cut as one that gives workers more buying power and helps businesses more easily staff up moving forward. After failing to secure it in previous aid bills, Trump may be even more determined this time around.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

politico /  🏆 381. in US

Singapore Latest News, Singapore Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Trump Admits He's Blocking Coronavirus Oversight Because Of 'Trump Haters'Trump Admits He's Blocking Coronavirus Oversight Because Of 'Trump Haters'"The House is a bunch of Trump haters," the president said dismissively of a co-equal branch of government.
Read more »



Render Time: 2025-03-16 20:09:06