Updates | The Week of October 2, 2017
Eve Levin // 10/8/17 //
Under President Trump’s proposed tax plan, tax cuts shrink over time — except for the top 1 percent of earners, who would benefit more than anyone else (NYT).
House and Senate Republicans released conflicting budget resolutions, which may complicate the Trump administration’s push for tax reform (Politico).
- Meanwhile, the Trump administration is having difficulty promoting its tax reform proposal due to internal conflict over whether the proposal should be deficit-neutral and include middle-class tax cuts, writes Tory Newmyer in the Washington Post.
The White House is considering an executive order that would instruct federal agencies to review regulations related to low-income assistance programs (Politico).
The Treasury Department announced its plans to withdraw the Obama administration’s proposed estate tax rules (The Hill).