Trump seeking tax cuts in fall to boost economy

Trump seeking tax cuts in fall to boost economy

(Worthy News) –
Getting tax cuts through Congress this fall to boost the economy is a bigger priority than overall tax reform, a top White House official said Monday.

White House legislative affairs director Marc Short said the administration is working with House and Senate leaders to produce a single tax-relief package that lawmakers would take up after Labor Day.

“We believe that the economy needs to get spurred quickly, and we want to make sure there are sufficient tax cuts,” Mr. Short told reporters. “In order to jump-start the economy, we need to cut taxes for both businesses and individuals.”

The president is seeking a cut in the corporate tax rate from about 35 percent to 15 percent, as well as cuts in individual rates. [ Source ]

US Congress passes resolution marking Jerusalem unification

US Congress passes resolution marking Jerusalem unification

(Worthy News) – Marking fifty years since the outbreak of the Six Day War, the US Senate on Monday passed a resolution celebrating Jerusalem as Israel’s “undivided” capital and calling on the Trump administration to move the US embassy there.

The non-binding Senate measure was introduced by Senate Minority Leader Chuck Schumer, the chamber’s top-ranking Democrat, and passed with overwhelming bipartisan support with a final vote of 90-0.

In passing the resolution, the Senate reaffirmed its support for the Jerusalem Embassy Act of 1995, which compels the US State Department to relocate its embassy in Israel from Tel Aviv to the ancient city. US President Donald Trump waived that requirement last week, citing national security interests. [ Source ]