White House and Congressional Leaders Scrap Import-Based Tax - NBC Connecticut
National & International News
The day’s top national and international news

White House and Congressional Leaders Scrap Import-Based Tax

They say in a joint statement they're "confident" a border tax system is no longer needed to reduce rates

    processing...

    NEWSLETTERS

    White House and Congressional Leaders Scrap Import-Based Tax
    Win McNamee/Getty Images
    The United States Capitol building is seen on Sept. 29, 2013, in Washington, D.C.

    Trump administration officials and congressional leaders are no longer considering an import-based tax system to rewrite the tax code. That had been contemplated to lower rates without blowing a hole in the budget.

    They say in a joint statement they're "confident" a border tax system is no longer needed to reduce rates. The Republican majority in the House had been pushing the border tax to prevent a ballooning budget deficit.

    The statement provided few details about the intended tax overhaul that Congress is supposed to consider this fall.

    "The big pieces are simplification and helping take off the relief for the middle class," press secretary Sarah Huckabee Sanders said at the White House press briefing Thursday.

    Man Accused of Killing Calif. Deputies Swears to Kill More

    [NATL] Man Accused of Killing Calif. Deputies Swears to Kill More
    A man accused of killing two California deputies during a shooting spree in Sacramento and Placer counties was kicked out of court Wednesday after swearing at the judge.
     
    Luis Bracamontes shouted "F--- you," at the judge and refused to quiet down as the second day of his trial began.
    (Published 30 minutes ago)

    The joint statement came from Treasury Secretary Steve Mnuchin, White House economics aide Gary Cohn, House Speaker Paul Ryan, Senate Majority Leader Mitch McConnell, Senate Finance Committee Chairman Orrin Hatch and House Ways and Means Committee Chairman Kevin Brady.