- The Washington Times - Monday, November 13, 2017

President Trump on Monday pushed Republican lawmakers to further cut the top rate.

“I am proud of the Rep. House & Senate for working so hard on cutting taxes {& reform.} We’re getting close! Now, how about ending the unfair & highly unpopular Indiv Mandate in OCare & reducing taxes even further? Cut top rate to 35% w/all of the rest going to middle income cuts?” Mr. Trumptweeted.

House Republicans have left the current rate of 39.6 percent in their version of the tax bill, but the Senate’s draft has the top rate as 38.5 percent, according to Bloomberg. Mr. Trump is calling for a reduction, which some say contradicts his claims that the tax cuts will be entirely focused on the middle class. Some Republicans have said they would support a reduction on the top rate since they argue it would also help stimulate the economy.

Neither bill includes a repeal for the individual mandate. The Congressional Budget Office did estimate this could provide $338 billion in the next 10 years. The CBO estimates that many may opt of of the insurance market so the government would not have to subsidize as many people’s plans.


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