5 tax reform issues dividing Republicans | Business urges Trump to stick with Paris climate accord – MarketWatch
House Speaker Paul Ryan and congressional Republicans must still resolve a handful of issues before agreeing on a tax-reform plan.
Will tax reform be tied to infrastructure spending? And, how long should tax changes last?
Those are 2 of 5 tax reform issues Republicans need to resolve as they march forward with an overhaul of the tax system, writes the Hill. The others are how low the tax rates will be; what will happen to the border adjustment tax; and how the tax bill will treat business investments. House Speaker Paul Ryan and House Ways and Means Committee Chairman Kevin Brady have said the GOP agrees on about 80% of a tax-reform plan. But working through the final 20% could take some time.
Paris-accord decision time: CNN Money writes President Trump will decide this week on whether to stick with the Paris climate accord, and the heat is on from businesses to stay in. If he bails on the agreement, which has been signed by 195 countries, he will do so over the objections of hundreds of major U.S. businesses. In recent months, big business has lobbied fiercely in favor of the deal, which aims to end the fossil fuel era. Even major oil companies like Chevron CVX, -0.92% and Exxon XOM, -0.58% back it, CNN Money writes. Heres what Trump tweeted from Sicily last weekend:
Trade, military relationship with Germany will change, Trump says: Trump was busy tweeting on Tuesday morning, including about the U.S.s trading and military relationships with Germany. He said the U.S. has a massive trade deficit with Germany and that the country pays far less than it should for the North Atlantic Treaty Organization. This will change, he wrote.
Last week, National Economic Council Director Gary Cohn said Trump believes Germany is very bad on trade.
Also: Mike Dubke resigns as President Trumps communications director: WSJ.
Trump to roll back Obamas Cuba policies: Trump is preparing to announce a rollback of former President Barack Obamas policies toward Cuba, according to the Daily Caller. Obama ended the policy known as wet foot, dry foot that gave Cuban illegal immigrants a path to legal status; opened travel to the island nation; re-established diplomatic relations; and loosened restrictions on doing business with Cuba. John Kavulich of the U.S.-Cuba Trade and Economic Council said the administration will enact increased enforcement relating to travel, and focus on discouraging transactions controlled by the Revolutionary Armed Forces (FAR) of the Republic of Cuba.
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5 tax reform issues dividing Republicans | Business urges Trump to stick with Paris climate accord - MarketWatch
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