The large tax plan set to be introduced by President Donald Trump on Wednesday is expected to include some provisions that will try and get Democrats on board with the proposal.
Politico’s Nancy Cook and Ben White reported on Tuesday that the tax proposal, which will likely be broad outlines, will likely include provisions for infrastructure spending and a tax credit for childcare.
Both of the ideas are broadly supported by Democrats and have been a part of Trump’s platform for some time. Democrats even came forward with an infrastructure plan in January, and Senate Minority Leader Chuck Schumer has said he is ready to work with Trump on infrastructure.
In practice, however, Democrats pushed back on Trump’s infrastructure plan from the campaign, which would include $1 trillion in infrastructure spending in a joint private-public effort. Schumer has repeatedly said that the plan should be financed by the federal government rather than turning it over to private firms.
Democrats have also broadly embraced tax breaks on childcare in principle.
It is unclear whether Democrats would support the large tax cut even with the addition of these measures, as they may instead demand infrastructure and childcare be dealt with separately.
And for Trump, the large overall investment could draw the ire of some more deficit-minded Republicans.
SEE ALSO: Republicans could be the biggest obstacle to Trump’s massive planned tax cut for businesses
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April 26, 2017 at 01:13AM
from Bob Bryan
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