Jun 21 2017
In a speech to US manufacturers that was released by his office, House of Representatives Speaker Paul Ryan said President Donald Trump and the Republican-controlled Congress can not afford to let the opportunity for tax reform slip this year. "And we will not cast about for quick fixes and half-measures".
Rolling back Obamacare would provide a almost $1 trillion tax cut that would disproportionately benefit the wealthy and businesses.
"They really are pretty obnoxious taxes - we'll have to put those off to the side and they'll have to be gotten to when we get to health care reform and we'll reform the rest of the tax code", he said on CNBC.
Aides said he is not expected to delve into the details of tax proposals.
Republicans are promising the biggest tax overhaul since the Reagan era, saying a simplified system with tax cuts for individuals and businesses, along with reforms to eliminate taxes on the foreign profits of US corporations, can boost economic growth and create jobs. The aim is to unveil tax reform legislation in September. He carefully avoided mentioning the most contentious aspect of House Republicans' plan, the 20 percent border adjustment tax on imports.
Hanging over the entire speech on Tuesday was the utter improbability that they key promise out of Ryan's mouth: That tax reform would be completed this calendar year.
It was not clear whether Republicans can overcome infighting over healthcare legislation and government spending to move forward on tax reform.
Pledging the biggest overhaul to taxes since the Reagan era, Trump's campaign revolved around reinstating economic prosperity for "left behind" Americans.
Coalition shoots down Iran-made drone in Syria
Russian Federation has previously threatened to take military action in response to USA attacks on its allies elsewhere in Syria . "We do not want to continue this everyday [as it] distracts from our goal to defeat" the Islamic State , he said.
Trump confirms probe over Comey firing
Rosenstein, born in Pennsylvania, joined the Justice Department in 1990 and moved up the organization over the span of 27 years. But she would also have the conservative perspective on executive branch - which gives the president abundant authority.
Paddy Barnes: I'd love to see Conor McGregor knock out Floyd Mayweather
Mayweather will come off a two-year retirement in a bout that McGregor has been pushing for almost that long. Honestly, did you expect anything less from Sheri's Ranch for an event being tabbed "The Money Fight? ".
Ryan said the House and Senate are working on fleshing out Trump's tax principles into a legislation. That won't be easy because there are big disagreements among Republicans over spending levels for the military and for domestic programs. He's serious about tax giveaways - for millionaires, billionaires, and wealthy corporations.
Economist Stephen Moore of the conservative Heritage Foundation said there's a sense now that "there's less than a 50-50 chance" of passing a tax-code rewrite this year.
The White House has been in regular talks with leaders and top tax writers in the House and Senate to come up with a framework for a tax reform bill they can all agree on.
The border-adjusted tax is estimated to raise about $1 trillion in revenue over a decade, which Ryan has described as essential to paying for tax cuts. "There are so many different of ways of achieving this - we in the House have our own idea - and that is one of the things that we are discussing with the administration, because we're going to get this right". "Businesses need to have confidence that we will not pull the rug out from under them".
Some House Republicans have grown frustrated by what they see as criticism from their Senate GOP colleagues - without offering alternative revenue raisers.
"I know that the cynics and naysayers are out in full force".
Rep. Lloyd Doggett (D-Texas), ranking member of the House Ways and Means Committee's tax-policy subcommittee, criticized House Republicans for waiting 11 months after the release of their "Better Way" tax blueprint to start holding hold hearings, and called for additional hearings on the topic.
But Republicans continue to disagree on various components of a tax bill, in addition to whether tax reform should be permanent.
Jun 20 2017
Curbs on Disparaging Trademarks Thrown Out by US Supreme Court
The protections include blocking the sale of counterfeit merchandise and working to pursue a brand development strategy. Today's decision will have implications for Washington's football team, whose name is now a dictionary-defined slur.
Jun 19 2017
Theresa May pledges £5M for Grenfell Tower victims
The residential tower was built in 1974 and had been extensively refurbished in works that were completed previous year . Very early in the morning on Wednesday, a fire erupted in high rise apartment building Grenfell Tower in West London .
Jun 19 2017
Portuguese radio says 25 people killed in forest fires
Around 1,600 firefighters have been desperately battling wildfires that broke out in central Portugal early Sunday morning. The blaze on Saturday hit the mountainous area of Pedrogao Grande amid an intense heat wave and rainless thunderstorms.
Jun 19 2017
President Trump tweets confirmation he's under investigation
Mueller served as director of the Federal Bureau of Investigation under the Bush and Obama administrations from 2001 to 2013. If the dominos continue to fall, one of five assistant attorneys general or the solicitor general would assume the role.
Jun 17 2017
Kamala Harris, California Senator and Woman of Color, Makes Jeff Sessions 'Nervous'
After asserting that investigation was fairly far out in the weeds, Cotton posed his first question to Sessions . Senate Intelligence Committee member Sen . "Senators will allow the chair to control the hearing", Burr replied.
Jun 17 2017
Markets Right Now: Grocers plunge on Amazon deal; Dow gains
Walmart gets 53% of its sales from food, groceries and things like household cleaning products, according to GlobalData Retail . Kyle Bunch is with R/GA, a marketing, advertising and consulting firm right across from the Whole Foods headquarters .
Jun 17 2017
Rule gives Oregonians non-gender option on driver's license
Thursday's move isn't the only one in OR granting rights to transgender people with regard to identification documents. Since Shupe's petition was granted, judges in two OR counties have granted similar petitions to transgender people.
Jun 16 2017
DC police to charge 12 Turkish security agents
Nine people were injured, with several going to the hospital for treatment of head injuries, broken teeth, deep cuts and bruises. Ankara told the U.S. ambassador that the decision to issue the warrants was "wrong" and "unacceptable", Anadolu Agency reported.
Jun 16 2017
Pence lawyers up in expanding Russian Federation probe
According to the Washington Post , Pence wants to be prepared for impending congressional committee inquiries as well as Mueller. Richard Cullen has a long record as a high-profile attorney in Washington, particularly in Republican circles.
Jun 15 2017
Why Diego Costa will be missed at Chelsea
Details of the message sent by Chelsea manager Antonio Conte that caused striker Diego Costa to announce he was not wanted by the club have been revealed.
Jun 21 2017Qatar Air plans court claim in Gulf spat, condemns ICAO inaction
Jun 21 2017At least 3 hurt in Queens construction accident
Jun 21 2017Germany: no punishment for UK, but EU exit good for no one
Jun 20 2017South Sudan has world's fastest growing number of displaced
Jun 20 2017Barclays Africa says "no obligation" to pay SA govt
Jun 19 2017Man United told top Premier League midfielder will cost £50m
Jun 18 2017Zidane can stay at Real Madrid for life, says Perez
Jun 17 2017Russia Says It May Have Killed ISIS Leader in Airstrike
Jun 17 2017Gambia Refuses To Take Sides In Saudi Arabia-Qatar Dispute
Jun 15 2017Critic's Notebook: Jeff Sessions Dodges and Demurs His Way Through Senate Testimony
Jun 21 2017Trump acknowledges for first time he's under investigation
Jun 19 2017Republicans Divided as Trump Reverses Some Obama Cuba Policy
Jun 19 2017Theresa May offers support package for London fire victims
Jun 19 2017Trump again acknowledges he's under investigation
Jun 18 2017UK's Hammond says economy should be priority in Brexit talks
Jun 18 2017American Student Freed By North Korea Arrives Home
Jun 17 2017Rickie Fowler leads US Open on day of highs and lows
Jun 16 2017Trump delays effective date of travel ban amid court battle
Jun 16 2017Special counsel investigating Trump for possible obstruction of justice
Jun 15 2017Dem calls for House inquiry into foreign payments to Trump hotel
Jun 15 2017Nadal dominates to win historic 10th French Open title
Jun 15 2017Tillerson: US committed to 'One China' policy, also Taiwan