Lunes, 20 Agosto, 2018

Trump to order review of Obama tax inversion rules -Mnuchin

Malita Javier | 22 Abril, 2017, 19:59

President Trump aims to dismantle even more financial regulations with executive orders on Friday, directing Treasury officials to take another look at tax rules and oversight of "too big to fail" financial institutions, an aide said.

Trump did not get into details, but he did say the cuts in his plan would likely be the biggest ever, according to the AP.

We are to expect a "big announcement on Wednesday", the President explained. "The process has begun long ago but the reform will begin on Wednesday", Efe news service quoted Trump as saying.

Mnuchin has worked on the tax plan for months, but details have remained fluid, with White House officials considering a range of options in how they restructure the tax code.

Crimen en vivo por Facebook: se suicidó "el asesino de Cleveland"
Antes del asesinato escribió en su cuenta de Facebook que quería matar y culpaba a su exnovia por las atrocidades que planeaba hacer.

While the USA economy is now faltering at below 1 percent annualized growth, the costs to the U.S. budget that Trump's tax plan would entail might seem too significant for the fiscal stimulus package to be financially viable in the first year after its implementation.

The announcement of the tax plan's release comes as Trump seeks to notch achievements ahead of hitting his 100th day in office, on April 29.

Trump, who campaigned on large tax cuts for businesses and individuals, had said on February 9 that he would be releasing a "phenomenal" tax plan to overhaul the tax code within two to three weeks. The foundation projected the Trump tax plan would lead to a loss of revenue of $2.6 trillion to $3.9 trillion after accounting for increased economic growth. The details of the tax bill are likely to be complicated by the continued uncertainty over healthcare reform, which is now being renegotiated.

In making his case, Mnuchin pointed to statistics showing individuals and businesses cumulatively spend a total of 6.1 billion hours complying with the tax code each year, at a cost to the USA economy of $234.4 billion.

US Vice President Seeks to Reassure Australian Alliance Following Trump Spat
US Vice President Mike Pence has begun quizzing Australian business chiefs on ways to improve trade between the two nations. Pence, who arrived in Sydney late Friday, is on a three-day visit to Australia on the last leg of his Asia-Pacific tour.

The Treasury secretary said the president's three new orders are meant to signify how "enormously important" it is for both Treasury and the president to fulfill Trump's campaign promises.

The plan partly resembled one developed by House Speaker Paul Ryan. Trump campaigned on proposals to cut the corporate tax rate to 15 percent from 35 percent, and to cut the top individual income tax rate to 33 percent from 39.6 percent.

Tax reform was one of Trump's major election promises. "The president wants to make clear to the American people that we are going to fix the tax code". But he faces an enormous fight among clashing vested interests as Congress tries to rewrite the tax code.

"If you get rid of OLA without a realistic mechanism to liquidate a (mega bank) then you're setting yourself on the road to taxpayer bailouts", said Marcus Stanley, policy director for Americans for Financial Reform, a group that supported the passage of Dodd Frank.

4 juegos para mayo de 2017 — Games With Gold
Microsoft ha revelado los títulos que ofrecerá como parte de su programa Games With Gold en mayo. Este juego podrá descargarse durante todo el mes.

David Perdue, R-Ga., and Treasury Secretary Steve Mnuchin, holds up a signed Executive Order, Friday, April 21, 2017, at the Treasury Department in Washington.

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