It hardly comes as a shock, but members of the Bay State’s all-Democratic congressional delegation aren’t particularly impressed with President Trump’s long-awaited tax reform plan, MassLive’s Shannon Young reports. In a speech in Springfield, Missouri, Trump offered up a broad if rather fuzzy outline of a tax system overhaul that would slash the corporate rate down to 15 percent from 35 percent now. He also pledged tax relief for middle-class families and parents struggling with child care, but didn’t offer specifics.
Congressman Richard Neal (D-Springfield), knocked Trump for the lack of hard details on his pledge to cut taxes on middle-class families. Neal, the top Democrat on the House Ways and Means Committee, dismissed Trump’s proposed corporate tax cut as reheated trickle-down economics, calling the idea “pure folly.”
U.S. Rep. Joseph Kennedy III offered a somewhat more muted response, urging Trump to “go slowly” and try and reach across the aisle to Dems.
Good advice, but barring some radical, late-life personality transformation, both sound unlikely for Trump.
But the most dire warning may have come from the most unlikely source: Secretary of State William Galvin says Republican plans to cap mortgage deductions and eliminate the deduction for state and local taxes could "cripple" the state's housing market. Andy Metzger of State House News Service has the details on Galvin's worries, which he has also shared with members of the state's Congressional delegation.
MassLive |
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