16, December 2017
US: Republicans unveils final version of tax bill, voting next week 0
US Republicans have unveiled the final draft of their dramatic tax bill which they are racing to send to President Donald Trump’s desk by Christmas.
The bill picked up crucial support Friday from two wavering senators, Marco Rubio (R-Fla.) and Bob Corker (R-Tenn.), ahead of planned votes by lawmakers early next week.
The House is expected to vote on the bill on Tuesday and then the Senate will vote. If passed, the measure would deliver a major legislative victory to Trump and his Republican allies.
“I believe that this once-in-a-generation opportunity to make US businesses domestically more productive and internationally more competitive is one we should not miss,” Corker said in a statement.
The legislation by the House-Senate conference committee would massively change the tax system, cut rates for many individuals and businesses and place new limitations on tax breaks.
The bill also includes a targeted change to the Affordable Care Act, known as Obamacare, Republicans have long sought to dismantle.
“I’m very excited about this moment. It’s been 31 years in the making and took a lot of hard work by a lot of people to make this day happen. I’m proud of the Tax Cuts and Jobs Act,” said Rep. Kevin Brady (R-Texas), the chairman of the House Ways and Means Committee.
“I know everyone’s lives will be better off under tax reform,” added Brady, who played a lead role in crafting the bill.
Under the final bill, the top individual rate would be reduced from 39.6 percent to 37 percent, which is lower than the top rate in the original bills the House and Senate passed.
In addition, the corporate tax rate would be lowered from 35 percent to 21 percent, up from 20 percent in the original bills.
While GOP lawmakers and the White House assert the economic growth from the bill will offset the revenue losses, most analysts disagree.
Also, Democrats, who are expected to stay united in opposing the measure, argue the bill would benefit wealthy individuals and corporations more and would wind up raising taxes on some middle-class families.
Source: Presstv





















16, December 2017
Americans pessimistic about Trump presidency, US direction 0
A majority of Americans are widely pessimistic about US President Donald Trump’s leadership and the overall direction of the country, while less than a quarter say Trump has kept the promises he made while running for president, according to a new poll.
Only 30 percent of Americans said the country is heading in the right direction, and 52 percent said the United States has been worse off since Trump became president, according to the survey by the Associated Press-NORC Center for Public Affairs Research.
Just 23 percent think Trump has kept the promises he made to voters during last year’s election campaign, the poll shows.
And three in 10 Americans approved of the president’s handling of health care, foreign policy and taxes.
A previous AP-NORC poll conducted this month found that Trump’s job approval rating was only 32 percent, making him the least popular first-year US president on record.
“Still, Trump continues to talk about his presidency with lofty rhetorical flourishes, declaring that his first months in office outshine those of his predecessors,” the AP said in its report on the survey.
“Among Republicans, just half say Trump has kept his promises, which included vows to overhaul his predecessor’s health care law, withdraw the United States from a nuclear accord with Iran and invest millions in new projects to fix the nation’s aging infrastructure. None of those steps have been taken,” it added.
Just 25 percent of Americans think the country has been better off since Trump took office — and only 20 percent say they personally are doing better.
By contrast, an AP-NORC poll conducted a year ago found that 46 percent of Americans thought the country had become better off during the administration of former President Barack Obama.
Only 9 percent think the country has become more united as a result of Trump’s presidency, while 67 percent think the country is more divided because of Trump. Even Republicans are more likely to say Trump has divided America than those who say he has united it, 41 percent to 17 percent.
Source: Prestv