U.S. Republican Meadows: Tax plan does not have to be revenue neutral | Reuters
WASHINGTON U.S. Representative Mark Meadows, chairman of the conservative House Freedom Caucus, said on Sunday there is a possibility that his group could support a tax reform plan that is not revenue neutral.'Does it have to be, what they would say, revenue neutral?
WASHINGTON U.S. Representative Mark Meadows, chairman of the conservative House Freedom Caucus, said on Sunday there is a possibility that his group could support a tax reform plan that is not revenue neutral."Does it have to be, what they would say, revenue neutral? Or do you have to have an offset like with the border adjustment tax? ... I think there's been a lot of flexibility in terms of some of my contacts in conservatives in terms of not making it totally offset ...," Meadows said in an interview on ABC's "This Week with George Stephanopoulos."
A fiscal conservative, Meadows had said that tax reform depended on the repeal of Obamacare in order to offset the likely cost of tax cuts. President Donald Trump has already said he will move on from dealing with healthcare to his tax plans and in a tweet on Sunday morning blamed the Freedom Caucus for keeping Obamacare intact.
"Democrats are smiling in D.C. that the Freedom Caucus, with the help of Club For Growth and Heritage, have saved Planned Parenthood & Ocare!" he tweeted.
Meadows, whose group was pivotal in sinking the Republican plan to repeal Obamacare in the House, said he had not yet given up on efforts to reform healthcare before tackling tax reform."I still believe that there is a good chance, if moderates and conservatives can come together, that we repeal and replace Obamacare, bring premiums down, cover more people," he said. (Reporting by Lindsay Dunsmuir and Doina Chiacu; Editing by Jeffrey Benkoe)
This story has not been edited by Firstpost staff and is generated by auto-feed.
Guinea president 'captured', govt dissolved, claim army putschists'; attack on presidential palace repulsed, say authorities
Reports suggest that they captured President Alpha Conde and dissolved the government, bust the ground situation remains unclear
NEW YORK (Reuters) -The price of cryptocurrencies plunged and crypto trading was delayed on Tuesday, a day in which El Salvador ran into snags as the first country to adopt bitcoin as legal tender. Shares of blockchain-related firms also fell as crypto stocks were hit by trading platform outages. But the major focus was on El Salvador, where the government had to temporarily unplug a digital wallet to cope with demand.
By Joseph White and Sanjana Shivdas (Reuters) -The head of Apple Inc's car project, Doug Field, is going to work for Ford Motor Co to lead the automaker's advanced technology and embedded systems efforts, a hiring coup for Ford Chief Executive Jim Farley.