Rich plan to strip tax breaks - ForumDaily
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Rich plan to strip tax breaks

Фото: Depositphotos

Leaders of the Republican Party of the White House and Congress may refuse some aspects of the tax bill that would benefit wealthy individuals, reports The Washington Postreferring to the three informants.

Administration officials are considering the possibility of keeping the top personal tax rate at 39,6%, instead of reducing it to 35%, as suggested by the White House in April. According to the report, the White House is also considering abandoning its efforts to abolish property tax.

Waiver of these tax cuts can help President Trump in his work with Democrats on taxes and other issues. Most Senate Democrats have signed a letter saying that they will oppose any plan that cuts taxes for the rich.

At a meeting with a bipartisan group of members of the House last week, Trump said that the rich "will not receive benefits" as part of their tax plan.

However, Trump publicly called for the abolition of property tax two weeks ago. In a speech in North Dakota, he said that this would help small businesses and family farmers.

But Democrats criticized Trump for wanting to abolish the property tax that applies to married couple’s estates worth more than 11 million dollars.

A White House spokeswoman declined to comment.

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