The president's one-page outline for changes to the tax code would reduce the current seven income tax brackets to three, cut the corporate tax rate by more than 50 percent and abolish the alternative-minimum tax and estate tax. Trump administration officials didn’t address how much the plan would reduce federal revenue or grow the debt.
The president’s advisers touted the proposed tax cuts as the start of an economic renaissance that would supercharge the U.S. economy and pare the federal debt, but economists were very skeptical that the plan could deliver the level of growth Trump promised.
The White House said the president spoke with Mexican President Enrique Peña Nieto and Canadian Prime Minister Justin Trudeau, who both “agreed to proceed swiftly, according to their required internal procedures, to enable the renegotiation” of the trade deal.
With opinion polls indicating she is up to 20 points behind centrist Emmanuel Macron in the race to become France’s next president, Marine Le Pen is pulling a page from Donald Trump’s improbable victory playbook: encouraging disillusioned left-wing voters to stay home.
Trump’s promise to build an “impenetrable, physical, tall, powerful, beautiful southern border wall” paid for by Mexico was his most vivid campaign promise, and failing to quickly follow through carries real political risks for the president.
A one-cent regional sales tax would generate enough — $650 million annually — to keep the system safe, reliable and allow for some expansion, according to a report issued by a group of top administrative and budget officials.
Hundreds of District residents packed a D.C. Council meeting over proposed limits on short-term rentals — a debate that has been distilled to a question of whether home-sharing is exacerbating the city’s affordable housing crisis.
The airline says it allowed internal policies to distract from the need to treat passengers with dignity and respect. The report was prompted by the violent removal of a passenger from an overbooked flight after he refused to give up his seat for off-duty crew.
The short-term spending measure, which would extend current funding levels beyond the end of this week, comes as negotiators are nearing an agreement on a budget to keep the government open through the end of September.
The influential Freedom Caucus rallied behind the plan after it was endorsed by three conservative advocacy groups. The move shifts political pressure onto GOP moderates to determine the effort’s fate.
Senators departing the briefing expressed frustration that the administration shared few details of its current policy on North Korea and its plans to deal with the country as it continues developing its nuclear weapons program.
How multiracial Americans reflect the broader state of U.S. race relations
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In February 2016, presidential candidate Donald Trump promised $6 million in donations, including $1 million from his own pocket, to charities along his campaign trail. Months later, he had donated far less than he pledged. Post reporter David A. Fahrenthold went in search of the missing money and found a bigger story than he ever expected.