Trump: ‘Phenomenal’ Tax Cut Coming

by
February 10, 2017

President Trump to his conservative critics: I read you loud and clear!
After coming under criticism from many on the right — most prominently, the Drudge Report — for seeming to move popular campaign promises like repealing ObamaCare and tax cuts to the back burner, this morning Trump promised that a “phenomenal” tax reform package will be presented in the next two to three weeks.

Speaking to airline executives at the White House, Trump empathized with the burdensome regulatory climate the industry is operating under, and promised to begin making reforms.

“We want to help you realize these goals by rolling back burdensome regulations, and you people are regulated probably as much as almost anybody,” Trump said. “We have a regulatory morass that’s a disaster.”

He also promised a round of tax cuts.

“Lowering the overall tax burden on American business is big league, that’s coming along very well,” Trump said. “We’re way ahead of schedule, I believe. And we’re going to be announcing something — I would say over the next two or three weeks — that will be phenomenal.”

There likewise seems to be a renewed push for repealing ObamaCare this year. Sen. Tom Barrasso — who is one of the organizers in the effort to craft a replacement package — said he’s “convinced” ObamaCare will be repealed this year.

60 Comments - what are your thoughts?

  • Rob1911a1 says:

    Webb – agreed; it was NOT ever supposed to be taxed. That occured during the first year of Clinton’s presidency; a still Dem controlled house passed the SS tax, and in the Senat, it was a 50-50 tie. Of course, who breaks a tie in the Senate? Why, the ‘genius’ Al Gore, who, being rich, could not care less about those of who are not. Not to mention how much his global warming fantasy costs every American!

  • justinwachin says:

    This president is probably the most productive one we’ve ever had. It’s hard to believe he has only been in office for three weeks. It’s good that we finally have a president that intelligent people can cheer on.

    1. Anouk says:

      Yes, and it is sad that so many stupid unAmericans do not approve of his hard work to make America great again.

  • John says:

    if you have been frugal and thought ahead you don’t need ss unless you are truly disabled. SS was never set up for every person out there that wanted to claim they were sick and could not work, but in truth just wanted a handout. Pay your taxes that is part of being a member of society. For all the snow flakes, whiners, and generation Xers out there that want somebody else to pay for their personal choices.

    1. Herschel Weintraub says:

      Why don’t you get some education and learn what SS is. It might surprise you that it is not an entitlement, but that we all pay into the system our entire lives and then receive our SS benefit that we have already paid for upon retirement.

      1. John says:

        Herschel i am quite aware of what SS is and what it was intended to do and illegals don’t paid anything in to it yet they can still draw benefits from it. Furthermore the people that first drew there checks from SS never paid anything in to it yet got full benefits. Herschel respectfully you never ever paid into SS the amount you will get back if you live a normal life span and who cares after your dead. Get an education is what liberals normally say so I won’t say it to you.

        1. Herschel Weintraub says:

          Between my contributions and those of my employers, I have probably paid in to SS a similar amount to what I receive. Also, illegals cannot collect SS. A person must work at least 10 years and pay taxes and make SS contributions. The idea that illegals can collect SS was one of Trump’s campaign lies.

    2. Retired says:

      I remember Ike adding people to pay in and more were added later on . so by doing that people are entitled to it. You also forget that the money is only on paper as it has been used for the general fund.

      1. John says:

        I am not saying people are not entitled to it but if they are entitled to it then they should also pay their taxes and quit whining about it.

        1. Retired says:

          You forget , originally earnings were taxed before SS was taken out of your pay .

    3. The Redhawk says:

      SS was Designed for retirement at 65 when the Life Span was about 60-68. At best it earns 2%……Try figuring a 45 Yr Working life and add up all your SS taxes @ average 6% in a basic conservative Investment portfolio and see IF you would not think that SS is Not agreat way to retire under…. LBJ Began “TAPPING” on what GORE called the SS LOCK box and the SS program has ben used to Pay for many of the Progressive Welfare Do ‘GOODS” like the GREAT society 16 Trill Disaster…the group you mention may not have any SS..
      1) they are Not working
      2) they do not pay Taxes
      3) they have a mountain of College DEBT

  • The Redhawk says:

    Well More Jobs…Lower Taxes which Could Repatriate big Money to Treasury for Infrastructure …What else will drive the Dancing squaw ( Walking Crow), The LYING ” Marine, the Whinings Wyden, Gillebrand, cory Hoolker, Daffy Durbin and above all the Jack a ss clown of the Senate to CRY???

  • Webb says:

    For the retired and on S/S…The Trump Administration should look to remove taxes from Social Security!

    1. motherluna says:

      let him know that. He listens. I have always said this. You pay into it all of your working days then get taxed if you are lucky enough to make a good payout? Not right or legal really. Double taxation.

      1. Webb says:

        Agree…e/mailed Ryan, McConnell, Scott and Trump!
        All retired people should get on board…

        1. The Redhawk says:

          and Better Interest Rates on Savings…Ya think? “old People Voted GOP fater all…

          1. Retired says:

            The heads of all major banks and loan companies should be in prison for stealing from the Taxpayers.

          2. The Redhawk says:

            Before them Frank, Dodd, the heads of Freddy and Fanny Johnson and Raines and GOrE lick ( friend of Clinton) all connected with Guaranteed Loans to DEAD BEATS

    2. The Redhawk says:

      Amen Brother !! A congressman from KY by the name of Massey PROMISED this type of Legislation but then FELL asleep somehow…Yes that was a Campaign Promise I am told by a resident of that beautiful state of Fast women and Beautiful Horses!

    3. John says:

      the present system is the only way to get back funds from people like illegle’s that should not be geting ss anyway.

    4. Retired says:

      How about giving them a raise that should have happened , but didn’t thanks to Obama and the criminals in Congress .

      1. Barbara Miller says:

        Obama and congress had nothing to do with us not getting a raise. SS raises are based on an inflation scale. Inflation has been down for the last three years and the low gasoline prices have kept it even lower. This inflation scale has been in affect since around 1973. The Fed created this inflation scale.

        1. Retired says:

          Wrong , the formula for figuring was changes twice after the SS age was raised and a $100.00 was taken away from future earners . Obama gave Gov. employees 2+% were SS got .03 % . So yes Obama gave the elderly the shaft while he raised the Presidents pay/

          1. Barbara Miller says:

            Well, I was just going by what I read on the internet. It says, by law the annual cost of living adjustment or COLA is based on Government measures of inflation, which is being dragged down by lower gasoline prices at the pump. The Government measures these cost of living adjustments through the Department of Labor’s Consumer Price Index and that determines our cost of living increases…… But we all know they make their own rules by giving us as little as possible, so they can have that much more money to waste or pad their own pockets !!!

          2. Retired says:

            There were items remove for figuring inflation. Our elected have done a number on the elderly. They did not want to let them have their life style.

          3. Barbara Miller says:

            You don’t have to tell me what they’ve done to the elderly. Me and my husband are part of that group !!!

          4. Retired says:

            It is not to bad as long as you are both healthy, but if one passes and you do not have a big savings or other pension it gets rough . It needs brought out to the anti SS people . There are so many people who lost their benefits in the 90s and then the homes , we still have foreclosures in my area that was hit hard with job losses and new jobs only paying $13.00 starting and many only part time .

          5. Barbara Miller says:

            We’ve been lucky so far, we are healthy but who knows what lies ahead. Our house is paid for and we have no bills accept the normal ones for utilities, taxes and insurance. Those are never going away. Our savings is what it is, mediocre. I live in New Jersey, our state leads the nation in foreclosures and unemployment is high. I see no end in sight for either……depressing, very depressing !!!

          6. Retired says:

            It is also a high tax state which does not help. know a place called Millville??

          7. Barbara Miller says:

            We have next to the highest property taxes in the nation right along with car insurance. Yes I’m familiar with Millville !!!

          8. Retired says:

            We went swimming near there , there was a lake outside of there plus if memory is correct there also was a round about in Millville .

          9. Barbara Miller says:

            Millville is about 40 miles from where I live. It has a lot of history, about 30 thousand people live there. It’s not known for its big shots. The Army Air Field Museum is there. The lake you’re probably talking about is called Union Lake. During the summer they have a lot of water sports there. The round about is different than it use to be, since there is a lot more traffic and of course more accidents but we are still known for those stupid jug handles. They haven’t changed at all……lol !!!

      2. Webb says:

        Retired…
        Wonder how S/S funds would look today if our Pay-In had been invested by the Feds instead of being voted by Congress
        Into the General Treasury…used now for every function of Government!!
        In my view social security would be Solvent today…If Only!
        ☆☆☆

        1. Barbara Miller says:

          In my opinion Congress has too much power and I don’t care if it’s Democrats or Republicans. It’s right down criminal what they do with all our SS money. It seem like every Joe blow out there gets a share of it……it’s right down sickening !!!

        2. Retired says:

          The fund would not dry up , plus people would be getting more money.

        3. Herschel Weintraub says:

          Yes it would

          1. John says:

            Sorry Herschel you are mistaken i know several illegle’s that are receiving SS and check out your local SS office if you don’t believe me.

          2. Herschel Weintraub says:

            I don’t believe you. And credible evidence is lacking

          3. John says:

            That is okay Herschel thanks for your civility and your comments pleasure to discus with you.

    5. Barbara Miller says:

      I’d love to see that happen but it probably won’t. Reagan was the first president to tax SS. The reason he did it was to fill the gap for all the tax cuts he gave to the wealthy. We already paid tax on that money one time and it’s money that should never have been taxed again. I used to work with old people and they would laugh and say, one day we’ll be paying taxes on SS. They would laugh like it was a joke……well it’s no laughing matter I can tell you that !!!!

      1. Courtneydbrick says:

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        On tuesday I got a great new Land Rover Range Rover from having earned $8752 this last four weeks.. Its the most-financialy rewarding I’ve had.. It sounds unbelievable but you wont forgive yourself if you don’t check it
        !sh30c:
        ➽➽
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      2. Webb says:

        Barbara,
        Maybe one day…double-taxsation will stop on S/S…

        1. Barbara Miller says:

          I certainly hope so and the sooner the better. I personally know a few seniors that SS is the only income they have. I consider me and my husband very lucky because we have pension checks coming in but you never know, anything can happen that they can get taken away !!!

  • NM Leon says:

    Jeez! He’s been in office what, three weeks and any tax changes have to originate in the House.

    1. WhiteFalcon says:

      Ovomit was there for eight years and not one good thing at all happened, except that he finally left.

      1. The Redhawk says:

        Nothing BUT CRAP for that TIME

    2. The Redhawk says:

      TRUE but RETIRED folks have been getting SCREWED since 2009….Patience and Life are running out!!!

      1. NM Leon says:

        I feel ya., but the best that can be hoped for is that any changes will be retroactive to fiscal ’17. By definition that means we have till October 1 to make them.

        1. The Redhawk says:

          Well Time to GET IT ON! Let’s start ROCKING those Elected THINGS

          1. Retired says:

            the only way to get action is to show them the door or a 308 .

          2. The Redhawk says:

            copy that

      2. Retired says:

        Actually it goes back to when the age was raised and you lost $100.00 over night, then the formula for figuring cost of living has been changed twice since then.

        1. The Redhawk says:

          The best indicator of INFLATION is the Super Market, Next is Ethanol which gives LOWER MPG and higher Pollution nad higher Cost of FEED for Cattle etc!!!
          Corn framers get RICH!

          1. Retired says:

            There were items removed from the formula that gave a lower cost of living results even though it .increased

          2. The Redhawk says:

            Well Chalk it up to O math 4+14 cost of food increse=ZERO Inflation
            and Flat to 1. 5 GDP growth = Great Economy as preached by the ho=mo O

      3. Barbara Miller says:

        Don’t mean to be rude but old people have been getting screwed ever since Reagan decided to tax SS back in the 1980’s. I wasn’t old back then but I am now. And I remember old people back then complaining that the government was double taxing them on their SS and stealing their money. Their conversations didn’t mean much too me back then because I was only in my twenties but now I understand how they felt……I certainly do understand !!!

        1. The Redhawk says:

          Gore is the One who started the TAX ON SS…as Clinton VP with his 51 vite to break a tie….Pelosi FROZE COLA twice …Obama with PHONY inflation Figures ( food gas etc) has kept savings at 0 or under 1% .. .. And it is Overdue tome for Seniors to get some ATTENTION..

          1. Barbara Miller says:

            They started taxing SS in 1983 !!!

          2. The Redhawk says:

            SURE

          3. Barbara Miller says:

            All you have to do is look it up on the internet. It’s all right there in black and white !!!

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