The Presidential Daily Brief


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    Republicans Try Again With Trump Tax Plan

    Are they whistling Dixie? Last week President Donald Trump unveiled his tax reform plan, both simplifying and reducing income taxes, but after high-profile legislative failures on health care, skepticism abounds. The battle lines are forming: Opponents say that despite Trump’s protestations, the plan benefits wealthy Americans by repealing estate and alternative minimum taxes, and even the president specifically with a cut for “pass-through” corporations — Trump reportedly owns 500 of them. But some of the biggest pushback may come from Washington lobbyists, whose clients don’t want their arcane loopholes “reformed.”

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