Thursday, December 1, 2022

Trump’s ‘American model’ for tax cuts encourages Republicans, unites Democrats in opposition

After a rough summer of divisions within his own party in Congress, President Trump began his long-awaited push for tax cuts Wednesday, a move likely to unify Republicans and raise pressure on Democrats in conservative states for some rare cooperation.

Traveling to Missouri, the home state of Democratic Sen. Claire McCaskill, the president offered broad outlines of his unfinished plan for tax reform, calling it “the foundation” for better jobs and prosperity. He urged voters to punish lawmakers who don’t cooperate with him this fall.

“I want to work with Congress, Republicans and Democrats alike, on a plan that is pro-growth, pro-jobs, pro-worker and pro-American,” Mr. Trump told employees at a factory in Springfield. “Your senator, Claire McCaskill, she must do this for you. If she doesn’t do it for you, you have to vote her out of office.”

Treasury Secretary Steven Mnuchin and White House chief economic adviser Gary Cohn have yet to hash out details of a tax reform plan with congressional Republican leaders, but the president said it should include tax relief for middle-class families, simplification of tax forms, elimination of “special interest loopholes” and a cut in the business tax rate from 35 percent to 15 percent.

“My administration is embracing a new economic model. It’s called, very simply, the American model,” Mr. Trump said. “Under this system, we will encourage companies to hire and grow in America, to raise wages for American workers, and to help rebuild our American cities and communities.”

The reaction from Republicans was swift and positive, after a summer of increasing rancor in which Mr. Trumpengaged in public feuds with Republican lawmakers on issues such as the Senate’s failure to repeal Obamacare and a move by Congress to stiffen sanctions against Russia.

House Speaker Paul D. Ryan, Wisconsin Republican, said tax cuts and tax reform are the “top priority” this fall.

“We are united in our determination to get this done,” he said.