The Morning Briefing: Tax Reform, Weinstein Fallout, Vegas Security Guard Surfaces and Much, Much More
Good Wednesday morning.
Here is what's on the President's agenda today:
- In the morning, President Donald J. Trump will receive his daily intelligence briefing.
- Later in the morning, the President will have a phone call with the Governor of Iowa.
- The President will then participate in a meeting with the Senate Finance Committee.
- In the afternoon, the President will have lunch with the Vice President.
If you read one thing this morning
Political swamp happenings
Obamacare: Congress is acting quickly after President Trump cut off the illegal payments that were dished out to insurance companies to prop up the doomed Obamacare program. Both John McCain and Lisa Murkowski are on board to throw money out the window with this bipartisan agreement that will continue payments for two years.
"While this deal certainly doesn’t solve all the problems caused by Obamacare, it shows that good faith, bipartisan negotiations can achieve consensus on lasting reform. ... I look forward to voting in support of this bill," McCain said in a statement. Murkowski said the bill was "an important step as we work towards long-term solutions."
Tax reform: Last night, President Trump spoke at the Heritage Foundation's President's Club. He asked the audience to urge their representatives to "give America the best present of all: massive tax relief."
Trump's tax plan would lower the corporate rate from 35 percent to 20 percent, reduce the number of individual income tax brackets and double the standard deduction. But it would also remove the personal exemption and possibly much of the deduction for state and local taxes -- changes that could increase taxes for many families.
As he talked up the plan, Trump repeated his administration's assertion that the corporate tax cut and other changes would lead to a $4,000 pay raise for the average American family -- a claim that has been met with skepticism from tax experts and Democratic lawmakers who say the administration's math is flawed.
And he offered some red meat patriotism:"Now, they’re even trying to destroy statues of Christopher Columbus," Trump lamented. "What’s next? [It] has to be stopped, it's heritage. We believe," the president added, "that young Americans should be taught to love our country, honor our anthem, and proudly recite the Pledge of Allegiance."
Phonecall-gate: According to a Democrat Congresswoman, President Trump was insensitive when he called the widow of Sgt. La David Johnson after Johnson was killed in an ambush in Niger. Why was this congresswoman involved in a call between the President and this hero's widow? And why would she run to partisan Don Lemon to reveal this private conversation?