8.7 C
New York
Thursday, March 28, 2024

HATCH: GOP SO “DIVIDED “ALMOST IMPOSSIBLE” “TO [PASS TAX REFORM] WITHOUT SOME DEMOCRATIC HELP”

By VWArticles. Originally published at ValueWalk.

In an interview on FOX Business Network’s (FBN) Mornings with Maria (weekdays, 6a-9a/ET), Senate Finance Committee Chairman Sen. Orrin Hatch (R-UT) discusses what is expected from President Donald Trump’s new tax reform plan that will be announced later today with anchor Maria Bartiromo.

[Russia]

Republicans
By Republican Party (United States) (http://www.gop.com/) [Public domain], via Wikimedia Commons

Excerpts from the interview are below:

**MANDATORY CREDIT: FOX BUSINESS NETWORK’S MORNINGS WITH MARIA**

Video clips:

http://video.foxbusiness.com/v/5590390000001

http://video.foxbusiness.com/v/5590390088001

 

On lowering the tax rate:

“Well I think Republicans are almost in uniform about cutting the rates and getting them down lower. Let’s face it, we’re way too high. And frankly it’s debilitating a lot of people in the business community, making it much more difficult for us to do, to increase our economy the way we’d like to see it done. So, I’d like to bring those rates down for basically everybody, including businesses as well…we’re so equally divided that it’s going to be almost impossible to do without some Democratic help and I’m hopeful that we can do that.”

 

On whether Republicans will be able to get tax reform done in 2017:

“Yes, I think we can but we will need to have some Democrat help. I think we got to put aside the differences and start working together. “

 

On whether he will vote yes to raising tax rates for the wealthy:

“Well, I’d like not to. I’m a right cutter, and always have been, always will be. And frankly I’d like to get those rates down because I think by doing that we give more added incentives to the economy and in the end we come out a lot better than we would if we don’t do that…now, it’s time to lower those rates and lets sew what we can do to get this economy off and running again.”

 

On the corporate tax rate:

“I’d like to bring the corporate rate down. The president wanted 15 percent, we can’t get it that low, but if we can get it down to the 20’s we are doing a very good job.”

The post HATCH: GOP SO “DIVIDED “ALMOST IMPOSSIBLE” “TO [PASS TAX REFORM] WITHOUT SOME DEMOCRATIC HELP” appeared first on ValueWalk.

Sign up for ValueWalk’s free newsletter here.

Subscribe
Notify of
0 Comments
Inline Feedbacks
View all comments

Stay Connected

157,450FansLike
396,312FollowersFollow
2,280SubscribersSubscribe

Latest Articles

0
Would love your thoughts, please comment.x
()
x