Trump to use health care bill as a vehicle for tax cuts, infrastructure, military overhaul: Axios

President Donald Trump will use a tax overhaul bill to leverage $1 trillion in savings from a tax cut on health insurance for Americans over the next decade to finance infrastructure projects, infrastructure improvements, and other priorities, the White House said Wednesday.Trump is expected to announce the package during a White House ceremony on Thursday.The…

Published by admin inAugust 1, 2021
Tags:

President Donald Trump will use a tax overhaul bill to leverage $1 trillion in savings from a tax cut on health insurance for Americans over the next decade to finance infrastructure projects, infrastructure improvements, and other priorities, the White House said Wednesday.

Trump is expected to announce the package during a White House ceremony on Thursday.

The legislation would be the first major piece of infrastructure legislation passed by the Republican-controlled Congress in a generation.

“The president is determined to get the country moving on infrastructure projects,” White House press secretary Sarah Sanders told reporters.

“The president will be making announcements on infrastructure throughout the week.

He’s focused on getting the job done, and he’s confident that the infrastructure will get done.”

The infrastructure bill is expected for a Senate vote on Friday, but Senate Majority Leader Mitch McConnell, R-Ky., has vowed to bring the bill to the floor for a vote as soon as possible.

The package will also be a vehicle to push through Trump’s signature health care overhaul, the Republican plan that aims to dismantle President Barack Obama’s signature healthcare law.

The GOP-led House passed the health care legislation in May.

The White House announced the infrastructure bill would be a major component of Trump’s tax reform effort and will be a “very high priority” for Trump’s agenda, according to a statement from Sanders.

The president is working with Senate Majority Whip John Cornyn, R.-Texas, and House Speaker Paul Ryan, R.W., to craft the legislation, the statement said.

Sanders also announced that Trump is expected in the coming days to release a series of economic and job creation policies aimed at helping the U.S. recover from the financial crisis.

“We will continue to press on with the economic recovery, which is the foundation for all of these jobs, and we will continue on with jobs that have been created and growth,” Sanders said.

“It is very important for the president to take the lead on that.

He has the power to deliver for the American people.

So I think it is very, very important that we take it forward.”

The White Trump, the president’s top economic adviser, has long sought to revive the U’s economic growth after years of stagnant growth and slow job creation.

The plan, which would likely include the tax bill, is expected under the White’s watch.

The Trump administration has long been eager to take credit for helping spur economic growth since the recession, which has lasted more than a decade.

The White House has said the administration helped spur economic activity in both manufacturing and non-manufacturing sectors.

The tax plan is expected not to be part of the Trump administration’s economic agenda, though the White said it would be included in the legislation as part of efforts to improve the Us trade relations with other countries.