Martes, 18 Diciembre, 2018

Mnuchin Warns of Tax Reform Delay Following Healthcare Setback

Malita Javier | 18 Abril, 2017, 06:21

Trump and Republicans in Congress are also trying to overhaul the Affordable Care Act, commonly known as Obamacare.

Mnuchin also told the Financial Times he agreed with Trump's view that the dollar's strength in the short term was hurting exports, but said he saw the currency's strength over the long term as a positive.

Last March, Mnuchin said he was aiming to have a tax bill "signed" before August in line with Trump's campaign pledges for tax reforms.

'It is fair to say it is probably delayed a bit because of the healthcare, ' Mnuchin told the newspaper.

Nintendo Switch outsells PS4, Xbox One in United States in March
The console should continue to enjoy good sales, especially with Mario Kart 8 Deluxe coming up at the end of the month. NPD reported yesterday that the Switch had sold more than 906,000 units in North America for March.

Congress also works better when facing a recess deadline, so failure to enact the legislation by August means it might not happen until sometime in the fall - if at all. Or an overhaul of the tax system could take much longer than anticipated.

The Trump administration and congressional Republicans are still drafting their tax proposals.

He noted that a sticking point on reform is whether to implement a "border adjusted" plan that would tax imports while exempting exports.

Supporters of the border-adjustment provision point out that it would raise $1 trillion in revenue that could be used to help pay for lowering tax rates.

Lynn may play for KKR again this season: Kallis
KXIP, in good form, will be eager to change that record a little by beating KKR on Thursday. Manish Pandey (25, 16b; 2×4, 1×6) hit a six off Marcus Stoinis for the winning runs.

Trump promised during the campaign to cut the federal corporate tax rate to 15% from its current 35% and lower personal taxes. "ORCRP016487-topic.html" class="local_link" >Wal-Mart Stores Inc.

Mr Mnuchin said there may be other ways of raising $1tn without incorporating the border adjustment, saying the measure was just one of many elements being examined by a 100-strong Treasury team. He said that there could be a difference of close to $2tn in revenues under different economic scenarios, adding that the difference between growth of 1.8 per cent and 3 per cent was "staggering" when compounded.

'Economic growth creates lots of revenues, ' Trump's treasury secretary pointed out. "When you calculate whether it is deficit-neutral or not, there are a bunch of different calculations and a bunch of models".

Washington's standoff with Pyongyang was seen adding a new dimension to U.S. -Japan economic talks, as the United States has sought support from China in confronting North Korea.

Fallece en accidente Martín Elías
Según su propio mánager, Juan Carlos Vega , el cantante hablaba en varias ocasiones de su muerte. El primer acordeonero de música vallenata con el conformó una agrupación fue Fernando Rangel.

Mr Mnuchin said the Trump administration viewed sanctions as a critical tool as he revealed that Treasury was poised to impose more than 200 sanctions on Syria after the recent gas attack that sparked a U.S. missile strike on Syria.


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