Mnuchin Warns of Tax Reform Delay Following Healthcare Setback
Mnuchin Warns of Tax Reform Delay Following Healthcare Setback
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.
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A South Korean defense official said the action took place in Sinpo, a port city in eastern North Korea. He said: "Let me assure you under President Trump's leadership, our resolve has never been stronger".
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.
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.
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.
Emergency responders performed CPR on Wainberg while he was rushed to hospital, where he died shortly thereafter. In 1989, Wainberg and colleagues identified the antiviral properties of lamivudine , also known as 3TC.
The top three podium finishers for the women's race all have one thing in common: this was their Boston Marathon debut race. Two-time Boston Marathon victor Joan Benoit Samuelson, left, congratulates Edna Kiplagat, of Kenya, on her victory.
Finally, taking his leave Pope Francis said, "may Jesus, who vanquished the darkness of sin and death, grant peace to our days". He said he comes on Easter because it's the most important day of the year. "We attend services and have breakfast together".
They say Stephens may have left OH , and they're urging people in Pennsylvania, New York, Indiana and MI to be on the lookout. According to its website, Beech Brook says it will serve more than 18,000 children and families in northeast OH this year.
For four decades, presidents and major party nominees have released some of their tax returns, with the exception of Gerald Ford. Despite that admission, Trump and his team continued to say that his taxes were under audit throughout the campaign.
Delta has raised the compensation available to passengers who have to give up their seats on overbooked flights to almost $10,000. The National Consumers League last week blamed the United incident on a lack of competition in the American airline industry.
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He moved to Bhopal with his father in the late 1950s. "My deepest condolences to his family and the entire Dainik Bhaskar Group". Madhya Pradesh public relations minister Narottam Mishra recalled Agrawal's contribution towards Hindi journalism.
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Kaur began reading out a piece about the auto accident in Mahasamund district which claimed lives of three and left two injured. She called the reporter for more details from the accident site before informing her family about the accident, Mittal said .
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Su abogado, Rodrigo Sandoval , dijo que Duarte probablemente aceptará ser extraditado, por lo que podría ser un proceso rápido. Autoridades locales de Guatemala dijeron que la habitación fue comprada hace ocho meses en 300 mil dólares.
'All Out War': North Korea Promises 'Weekly' New Missile Tests
The concerns were exacerbated after a North Korean missile exploded during launch on Sunday, U.S. and South Korean officials said. And as former Afghan President Hamid Karzai pointed out last week, Afghanistan is not a "testing ground" for the US military.
Philadelphia police searching for Cleveland Facebook killer
Almost five hours after the shooting, Williams said authorities hadn't had a verifiable report of a sighting of Stephens. Early Monday morning, police in the city of Erie - and the state police - both said this was unconfirmed information.
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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.
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Earlier that year, Jones had defended his title an eighth time, defeating Cormier via unanimous decision at UFC 182. Jones (22-1) is serving a one-year suspension for a failed drug test prior to UFC 200 last July.
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If Rivers opted for his guys to go for the tie just a few seconds before the buzzer, then they had a lower chance of winning. Harden averaged 29.1 points, 11.2 assists and 8.1 rebounds a game- all career bests - in helping Houston to a 55-27 record.