Does Washington Want Slower Economic Growth? by David Reavill Its been a long-standing objective among American Politicians to work for a more robust economy. Franklin Roosevelt sought to bring the US out of the Great Depression. It was the chief reason Presidents Kennedy, Reagan, and Trump initiated tax cuts to spur the domestic GDP. In
joining us for reaction are two republican lawmakers, congresswoman marsha blackburn and congressman peter rossman. i wanting to begin with you congressman blackburn, how big do you think this is going to be for president trump s agenda in this is something he promised and needs to get a win on the board and pivotal for 2018 for midterm elections. it is a big win, kimberly, because this is the type win that everybody is going to see the results and the benefits of. almost immediately. after the first of the year, because these kick in january 1, so, employees can go set their withholding, they will be able to take more money home in that paycheck, beginning in january. there are also for our small business owners who are going to be looking at their tax schedules and saying all
ed. thank you for that update and we will be waiting for that vote to take place. joining us for reaction are two republican lawmakers congresswoman marsha blackburn and marth march. i wanting to begin with you congressman blackburn, how big do you think this is going to be for president trump s agenda in this is something he promised and needs to get a win on the board and pivotal for 2018 for midterm elections. it is a big win, kimberly, because this is the type win that everybody is going to see the results and the benefits of. almost immediately. after the first of the year, because these kick in january 1, so, employees can go set their withholding, they will be able to take more money home in that paycheck, beginning in january. there are also for our small business owners who are going to be looking at their tax schedules and saying all
it was a great point. i want to put you on the spot, drew. what specifically in the president s speech made you think that our lawmakers and the president are going it s going to be possible to create this kind of environment? he talked about free trade a little bit, although he didn t mention the term. but what else made you think that this would be possible? well, i think he talked about restructuring the corporate tax code, for example. canada now has taxes half what our federal corporate taxes are. we re paying 35% at the federal level. canada is half. so if he could restructure our tax schedules, it will make it more competitive to build that factory in the usa and not build the factory in canada we want american factories to build in the best place possible which is our country, not in china, not in canada, nt in mexico. i m hoping that president obama follows through and executes and cuts our taxes so we can be a very competitive society. we want to build things here in
department is going to have to make sure the irs sends out tax schedules for the first pay period of january. if they don t have better direction from congress the fox schedules will take more money away from american workers than put it in their pockets. never mind the fact that small businesses need certainty so they can decide whether they want to hire people. megyn: is there any chance nancy pelosi denies the president a vote on the house floor and is there any chance the democrats complain and object and ultimately get behind their president. megyn: i suspect nancy pelosi will find lots of reasons to complain but i hope she doesn t get in the wait of good governance. this is what when need, same policy passage in the house of representatives so the senate can do their work before the even of the year comes. i hope the speaker pelosi will not stand in the wait of what