The Republican plan to slash corporate and personal income taxes
has finally begun moving forward in Congress, and President
Donald Trump wants lawmakers to act with haste.
In a tweet Wednesday, Trump urged Republicans to “move fast” on
what he said would be a massive tax cut.
“The approval process for the biggest Tax Cut & Tax
Reform package in the history of our country will soon begin,”
tweeted. “Move fast Congress!”
The president also said that tax cuts were needed to held
deal with the fall out from Hurricanes Harvey and Irma.
“With Irma and Harvey devastation, Tax Cuts and Tax Reform
is needed more than ever before,” he said. “Go Congress,
It’s unclear how tax reform would directly impact clean
up efforts, but Trump has repeatedly said that tax cuts will
lead to greater economic growth which could theoretically boost
the long-term recovery.
The tweets came as forward progress appeared to begin
on the tax overhaul.
Trump is reportedly set to launch into a prolonged
cross country tour to advocate for the cuts. Other White
House officials, most notably Treasury Secretary Steven Mnuchin,
have already been taking their case to the public to drum up
Separately, the tax-writing committees in Congress are
series of hearings on tax proposals and plan to release fully
fleshed-out legislation by the end of the month.
Trump also hosted a
dinner of bipartisan senators on Tuesday, meeting with
Democratic senators in states he won in 2016. The president
likely will pressure those lawmakers, especially
ones up for reelection in 2018.
However, significant elements of the plan
still need to be hashed out, and the rapport between the
White House and Congress — even within the Republican Party
be at a low point. The process for passage — Republicans
would need to win over eight Senate Democrats or move through the
complicated process of reconciliation — could mean that Trump’s
beckoning is easier said than done.