Politics

Trump: ‘Democrats Don’t Want Massive Tax Cuts’

REUTERS/Joshua Roberts

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Robert Donachie Capitol Hill and Health Care Reporter

President Donald Trump said Thursday morning that Democrats don’t want comprehensive tax reform, which he rolled out Wednesday afternoon in a speech in Indiana.

“Democrats don’t want massive tax cuts – how does that win elections? Great reviews for Tax Cut and Reform Bill,” the president tweeted Thursday afternoon.

At least three Democratic senators and eight House members are actively engaged in ongoing negotiations with Trump and members of his administration to accomplish the first major legislative achievement of the president’s first term in office.

While some Democrats are already working with the president, a coalition of roughly 45 Democrats in the Senate, including Senate Minority Leader Chuck Schumer, could give the administration trouble going forward. This group has promised to reject any bill that cuts taxes on the wealthy.

The caucus of Senate Democrats sent a letter to Trump and Republican leadership in August in which they wrote “tax reform cannot be a cover story for delivering tax cuts to the wealthiest … We will not support any tax plan that includes tax cuts for the top 1 percent.”

The president’s plan appears to drop the top tax bracket from 39.5 percent to 35 percent, which could spark some backlash from congressional Democrats.

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