WASHINGTON, D.C. – With a successful vote Thursday to approve the Senate Budget Resolution, Americans are one small step closer to seeing if President Donald Trump and Congress can deliver on long overdue “massive” tax cuts.
Sen. Rand Paul (R-KY), for one, says he is “all in” for the biggest tax cuts possible.
“President Donald Trump’s tax reform plans won partial support on Friday when Republican U.S. Senator Rand Paul said he was “all in” for massive tax cuts, but the party was still far from united over how to achieve the main item on its domestic agenda.
Trump’s drive to overhaul the U.S. tax code cleared a critical hurdle on Thursday when the Senate approved a budget measure that will allow Republicans to pursue a tax-cut package without Democratic support.But Republicans, who control both the Senate and House of Representatives, have yet to produce a tax reform bill as a self-imposed deadline to overhaul the U.S. tax code by the end of the year approaches. The party’s lawmakers differ widely on what cuts to make and how to pay for them.
They are under intense pressure to succeed on tax reform after failing so far to make good on their other main legislative ambition: scrapping Obamacare, the signature healthcare law of former President Barack Obama.
Democrats are likely to reject the Trump administration’s tax plan, which promises to deliver up to $6 trillion in tax cuts to businesses and people but will bloat the federal deficit by $1.5 trillion over the next decade.”
Of course Democrats will reject a tax plan that doesn’t tighten the government’s grip on the wallets of hardworking Americans.
While Paul was the only vote against the budget resolution because it exceeded spending caps, his loyalty to fiscally conservative principles and restrained spending of taxpayer dollars should be applauded. The Kentucky Senator was arguably the motive force behind Trump’s recent executive order expanding access to Association Health Plans, one of the only positive steps toward realizing the conservative agenda despite Republicans controlling both legislative chambers and the White House.
With leadership provided by Trump and Paul, perhaps the rest of the congressional majority will fall in line behind an agenda that will let taxpayers keep more of their hard-earned money and make good on campaign promises.