McConnell Calls For ‘True Comprehensive Tax Reform’ to Help Economy, Businesses

Senate Majority Leader Mitch McConnell of Ky. speaks during the Kentucky Farm Bureau Country Ham Breakfast, Thursday, Aug. 24, 2017, in Louisville, Ky. President Donald Trump lashed out at Republican leaders in Congress, suggesting efforts to increase the country’s borrowing limit to avoid an economic-rattling default on the nation’s debt are “a mess!” (AP Photo/Timothy D. Easley)

August 29, 2017
OAN Newsroom

Senate Majority Leader Mitch McConnell calls for “true comprehensive tax reform.”

In an op-ed Monday, the Kentucky senator called the goal “the single most important step” lawmakers can take to put the economy back on track.

McConnell said he would work with the president and others in Washington to simplify the current tax code, and make the playing field more fair for businesses trying to compete on a global scale.

Treasury Secretary Steve Mnuchin joined McConnell in Kentucky to discuss the issue, and said he hopes the reform effort can gain support on both sides of the aisle.

“I’d like to think there’s bipartisan support or some bipartisan support,” said Mnuchin. “The issues that were focused on, tax reform, are good for the American worker, are good for the middle class.”

Congress is scheduled to reconvene after Labor Day.

President Trump will also comprehensive tax reform later this week in Springfield, Missouri.

  • Jack Woodburn

    Hey, Turtle, just shut the hell up and DO IT. We are tired of your “dolessness.”

  • Warpaint

    Now why don’t I have any faith in this GOPe toolbag?

  • silverbackV

    Stop calling and start doing!

  • chiphenry

    We’ll get a chance again to see if McConnell is honest or a liar. He might be really trying, but then again he’s done so many things in the past that indicate he’s on the take. We’ll know soon.

  • Michael

    Okay McConnell do your thing just stop talking I can’t take your b’s anymore.

  • Scott Henke

    Don’t talk. Get it done!

  • Tiger184

    Too little.
    Too late.

    TERM LIMITS

  • C B

    I believe McConnell will step down in 2018 and POTUS Trump will hand pick , with no objections his replacement . Going forward , nobody is going to win and election or an appointment without the Presidents endorsement . The Good Old Boy Party is done , just Like McCain ………….

  • Clyde

    McConnel say he’s eager to work with the president? Prove it you back stabbing do nothing.

  • Mitch McConnell can say what ever he wants everyone know that “tax reform” isn’t going to happen. Look what he did with “health care” it went no where. This is a guy who can’t get the job done but everyone is afraid to say it. I can’t believe that all the republicans senator are behind this clown. Mitch McConnell and Paul Ryan have destroyed the republican party all because they don’t like the President Trump. If anyone has noticed the democrats are saying nothing this is because they are waiting for the mid term elections where they just could take over congress. Mitch McConnell and Paul Ryan are handing it over to the democrats. Times have changed but Mitch McConnell and Paul Ryan will not change. The leadership is never going to change as long as these two clowns are in power. It’s business as usual. This is all because President Trump won. What would have happened if Hillary would’ve won? it would be the same. Nothing goes forward and everything goes backwards. Mitch McConnell believes going backwards is the best way to go. It’s the American people are the ones who are suffering not Mitch McConnell or Paul Ryan. It’s us.

  • M10 Bob

    Too late Mitch..We know who you are, for sure now, and want nothing to do with you any longer.

    If the GOP does not replace you FAST, their party will see the birth of a new “Independent” party in 2018 to replace your backers.

    Why do you think we elected Mr Trump?

  • Lori2017

    Maybe he still wants his job.

  • Derek Dominico

    This man thinks of his reputation first before the needs of the people!
    There’s a few of these GOPs that walks this way !

  • Billy Bones

    Don’t trust any politician

  • Jam Jenes

    So yertle the turtle is calling for a flat tax?

    Fifteen percent on all earnings. Ten to be used for the running of the gubmint. If it’s not enough, then cut back on unnecessary programs, like Department of Education, Interior, and HHS.

    Five percent to be used to pay down the national debt.

    When the debt is paid off, the tax goes down to ten.

    Yeah, I support that.

    Didn’t think yertle had it in him.

  • dingo

    Only thing Trump needs to know and embrace as a red flag that the gop elites are lying to him & us,..
    “Their Lips are moving” ….. Period

  • betahuman

    I call for Mitch McConnell to jump the ocean and never be heard from again.

  • stevens123

    There is no reason the income tax for should be more than 3/4 of a page long. Flat tax with no deductions, all income treated the same. The rate is simple to figure out. It is the amount of GDP we feel it should take to run the government. Prior to the Bush/Obama years the government spent roughly 17.5% of GDP. Seems like a good enough place to start.

    The really cool thing (and the reason Congress will never pass it) is this would provide a true report of how the government is being managed. The better they perform (rising GDP, thus incomes) the more money they get. Do a poor job, and there is less money to go around. This is how the rest of us have to live.

  • TP

    Mr. McConnell has lost all credibility! Time to change GOP leadership. The DC establishment regardless of party are to entangled with the lobbyist to accomplish anything. Time to vote them out regardless of party, DRAIN THE SWAMP

  • Richard McMeekin

    Karythe – “face primary challenges?” I seriously doubt you mean incumbent Republicans replaced by Democrats! So seldom do incumbents Not face primary challenges that, when it occurs, it becomes a media headline. I am 87 years of age and wore the military uniform for 21 of those years. What we have are 535 career politicians aligned against 1 billionaire businessman who is unafraid to call them out. They are paralyzed with fear as his tweets continue to do just that. They have never faced being openly held accountable. Change frightens them, particularly those in bed with lobbyists! It appears, with Scarmucci as the hatchet man, POTUS has cleaned up the White House staff. Leaks seem to have toned down as a result. This morning McConnell’s speech is in the headlines touting tax reform. Mr. Mueller may well have run aground in his attempt to uncover the Russian/Trump campaign connection. Meanwhile definite signs of a Russian/Clinton Campaign connection are Not being investigated. I respectfully disagree that the GOP is “just another arm….etc.” 8 years of race baiting, military sequestration, high taxation, sex-change glorification, illegal immigration, and non-prosecution of treason in time of war, etc. have left the majority of the 535 stunned by their failure to resist! They realize they were participants rather than statesmen.
    They are the swamp, but cleaning it up will be difficult because, their elected terms will protect them for 2 to 6 years. Be patient POTUS Will Prevail!

    • Sure, Not

      Primary challenges come from within one’s own party. I think you’ve misread Karythe’s intent.

  • andrew Befano

    Tax reform on the business end starts by eliminating the amortization and depreciation section of the tax code. The accounting method allows companies to pay no taxes. Lower the business tax won’t do anything if you keep this section in place. This is how General Electric was able to post a record sales year a couple of years ago and paid no taxes because on paper it showed a loss used this method. Rewrite the code so that a company can write off large ticket items only in the year that it was purchased and not carry forward for years to come against future income. That’s where they should start.

    • stevens123

      All businesses, regardless of how they are incorporated, are owned by individuals. Individuals pay income taxes. A truly fair and efficient tax system would not tax businesses. However, that will never happen. IMO business should pay a flat tax rate with the only allowable deductions for COGS, labor and dividends paid. No deductions for interest expense, depreciation or amortization.

      • andrew Befano

        I’ll agree with you on a flat tax rate for businesses providing they are incorporated. LLC and Sole Ownership companies should be taxed at the private level.

  • andrew Befano

    True Tax Reform: Go to a flat Rate Tax of 21% that’s a 7% tax decrease for the majority of people. Treat all income as income and subject to the same 21%, That includes Capital Gains Taxes, that a 6% tax increase on the likes of Warren Buffet Types. Eliminate all tax deductions and go to a flat $36,000.00 flat deduction, except if your medical bills go over 50% of your total income then you can deduct the amount above $36,000.00. That’s also a tax increase of the Rich because they won’t be able to write off the mortgage interest and property taxes of those multi million dollars homes and closes the loop holes that are open to them. The only other deductions are when you sell your house, providing you own no other property any where else in the world, only then can you take an added deduction for the capital gains on the sale of your home, again this is a tax increase for the rich because it close another major loop hole in the tax code. These are just a few ideas to start with.

    • stevens123

      I’m all for a flat tax, but you’ve added too many qualifiers. Interest, cap gains and dividends are already taxed at the corporate level, thus your solution increases the amount of tax paid on these earnings. I am all for the removal of the mortgage deduction, but it only goes to $726k now. It is not a rich person tax break, it is a middle class hand-out. State taxes should not be allowed as deductions.

      My solution: A true flat tax with no deductions at the personal level, but treat all income the same. At the corporate level, all income taxes should be eliminated as all businesses are owned by individuals. However, I am a realist. My compromise is a flat tax with only COGS, labor costs and dividends paid as allowable deductions. You finance a piece of equipment, no interest deduction, no depreciation. Money that stays in the business taxed, but cap gains are not.

      • andrew Befano

        Your assessment is a tax increase for everyone. Presently I pay two different tax percentages, 28% federal tax on my Pay Check and 15% federal tax on my Capital Gains. If I stop working and decided to live off the Capital gains my tax rate goes to a max. of 15% and I still get all the other deductions so actually it would drop to around 13% by the time I was done. Warren Buffet types earn millions in Capital Gains and get this Capital Gains Tax Break right off the bat. It’s nothing more then a tax perk for the wealthy.

  • Roy Beane

    Among other accomplishments, Trump has done one thing in particular that will forever change the public’s view of politicians. He has shown the stark difference between someone like himself who really is trying to change and fix the problems in DC, and the dwellers of the Swamp whose only true interest is in feathering their own retirement nests, and in maintaining the “status quo” in Washington, because they have a good thing going for themselves at taxpayers expense, and they don’t want anything to happen to their government Gravy Train.

    The late Tennessee Senator Fred Thompson also pointed this out long ago, when he said that “The first thing on a Washington politician’s agenda is getting elected. The 2nd thing on his agenda is getting re-elected. The interests of the people are not even on the list of priorities, and this is one reason why I quit.”

  • conquest915

    Aww STHU Mitch,
    We have seen how effective you are at doing nothing so don’t try to blow smoke up our rears now. We gave you control of the house, senate and presidency and you have still done nothing. NADA…The only thing you HAVE accomplished is allowing and encouraging RINOS to obstruct our PRESIDENT we elected and mandated at every turn and opportunity. You could not even lead a one car funeral without screwing that up.

  • Theo Stall

    THIS is why McConnel is full of schitter! Because “TREU COMPREHENSIVE REFORM” Will NEVER NEVER NEVER be passed by Democrats!!
    THey don’t WANT IT, they want money for Illegals, and the entire DEMOCRAP voting block of Welfare, Food Stamps and ALL the entitlements that get the elected.
    AND McCONNELL KNOW THIS!! HE IS ESTABLISHMENT STATUS QUO SLIME!!

  • McConnell can soak his head until Obamacare is repealed.

    We have no interest in any diversions.

  • thedoc00

    Just as with “repeal and replacement of Obamacare”, what has the GOP leadership been doing for the past 8 years. More lip service and an endless parade of obstruction by 2-3 “objecting GOP senators” is the prognosis for this effort.

  • Rosicrucian32

    I call for Mitch McConnell to be replaced by someone more capable as Senate Majority leader FIRST, then replaced in his seat on the Senate. He has been a whiney little bytch for too long and now he has infected Ryan with the disease making both sides of Congress worthless. Ryan should have stayed as the head of the Finance committee where he had some skills, now the only skill he has is to peddle his privates out to gain steam in the political ladder climbing. Not by skill but by the consumption of influential proteins………..It is a shame how the act of public service has become akin to the worlds oldest profession…..

    • Oregonian1

      He is (presumably) in his last term in the Senate, so he doesn’t need to face the voters again; therefore they have no clout with him. He does, however, want to keep his job as Senate Majority Leader until he is done, so the other Republican Senators could vote to replace him as the leader of the Senate if he loses a few members of his posse

  • Lawmadsen

    Tax reform is needed, tax cuts would benefit the economy immediately but McConnell simply can’t be trusted to help anyone but his donors. This is like Madoff telling you that you need to invest your money wisely, I agree but the source is proven untrustworthy.

  • Roy Beane

    Interesting how some quotes never go out of style because there is an endless supply of idiots to keep them true…………such as this oldie but goodie.

    “Imagine that you are an Idiot. Now imagine that you are a member of Congress. But I repeat myself.”
    (Mark Twain)

  • Steven Strawbridge

    Start with repealing all the taxes in the ACA.

  • Ray

    Flat tax only. It’s simple, straight forward, and easy to implement. And no more need for the IRS!

  • j jones

    More dough for the rich as always the priority of the Republican party

    • FreedomFighter

      More stupidity from the OAN resident gay troll. You should be ashamed of your stupid self.

  • Barry Soetoro-Chin

    What is Elmer Fudd’s (D, KY) definition of ‘true, comprehensive tax reform?’ Is it similar to his comprehensive immigration reform – aka amnesty – for illegal aliens?

    The tax reform we can use is the elimination of all capital gains and death taxes, and the elimination of double taxation on social security benefits. It’s a tax to begin with, so why are we paying taxes on it when we collect?

    Medicaid needs to be abolished with NO replacement. There are many other taxpayer-funded programs our impoverished can access.

    Those four are a start in the right direction…

    • j jones

      What do you suggest to replace Medicaid, just let the die great fix

      • betahuman

        Go back and read the sentence right after the one you are bleeding over. Try NOT being an idiot, for once.

        • FreedomFighter

          LOL!!! that is impossible for jerkoff jones to do. He was born an idiot and will forever be one.

      • gregg56

        Do you seriously believe, with all the fraud happening in these government programs, that people are not already just dying because of these scams?

      • Barry Soetoro-Chin

        Medicaid is rife with fraud, waste and abuse, so its elimination is long overdue.

        As I stated before, there are other taxpayer-funded avenues for the truly poor to access, not able-bodied deadbeats bankrupting the system because they’re too lazy to work.

  • He called for “true” tax reform. I have to wonder what he construes as true.

    • j jones

      Rich win common folks lose

      • FreedomFighter

        Say the gay troll. Back under your bridge jerkoff jones.

      • antiliberal00

        You folks are always whining about being “fair” so EVERYONE and I do mean everyone should pay the same rate. That is “fair”. A progressive income tax, like we currently have, is a tenet of communism.
        Ensure that %100 of the citizens pay their fair share and not the top %52 paying the entire amount.

        • Oregonian1

          Everyone should have some skin in the game so that they have an interest in reducing the size and scope of the federal government. Adding a new entitlement should mean not only more taxes but reductions in current entitlement spending.

    • HarryObrian

      I wonder what he considers tax reform?
      The only tax reform that will work is to scrap the existing code totally and replace it with a flat tax FOR EVERYONE, no exceptions, no write offs and remove Social Security from the general fund and assign a percentage of the flat tax revenue to the Social Security fund. This will put a dent in the ridiculous tax business but that needs to happen anyway. It will also reduce the size of DC because they won’t have to worry about and not work on tax laws.

  • baronrae

    I’m sure it will be he same ole sh-t! The Dems will obstruct…..McConnell will run his stupid mouth and the rest of the establishment Republicans will side with the Dems and keep dragging it out so they don’ have to do anything!

    • Michael Hawk

      But I can HOPE we are both Wrong in this opinion 🙂

  • Kraythe

    Does anyone believe him? Trump has proven, beyond any doubt, that the GOP has been lying to their own voters about their agenda for decades. The GOP is just another arm of the establishment and needs to face primary challenges for every single seat!

    • PainfullyReality

      Well said!

      • Theo Stall

        ABSOLUTELY!! ANd We are seeing the GOP SLIME that are in bed with the “DC SWAMP” like McCaine, Graham, Flake, Collins, Murkowski, Cornyn and a few others attacking the Pres. IMAGIN THEY ALL GOT DEFEATED IN A PRIMARY!! ANd we got REAL CONSERVATIVES interested in FIXING AMERICA, instead of feathering their own bed, what Trump Could accomplish!! There are enough HOUSE votes. IF the GOP dumped these 6 for REAL Conservatives that will vote with the President, , and got only 8 of the 20 Senate seats up in 2018, we’d have 60!! NO MORE FILIBUSTERS!! EVERYTHING would hit Trumps desk!!

        • antiliberal00

          Pretty sure they are on the receiving end of Soros money.

        • Jack Woodburn

          Yeah, just imagine. That’s all we can do. America is in its death throes. I’ll be glad I’ll be dead and gone when it breaks up into a half dozen independent little fiefdoms.

    • HarryObrian

      I’d say they’re about 25 years too late, ever since the inbred pedophile of Arkansas uttered those words to the average American idiot, “Gaffaw, yuck yuck, I think I raised your taxes too much too, yuck yuck, heehaw”…
      Primary challenges?? pulleasee, you tried that already. It takes about two weeks of being in DC for any so-called conservative to put in line by the RINO lobbyists who run DC. Do you have any ideas that would work?

      • antiliberal00

        Firing squad for those that forget their promise and their oath of office.

        • Warpaint

          hang them and their staffs from the porticos of the capitol building and leave them swinging, elect their replacements and make them walk by the ones that where hung to remind them they work for US or they die by our hands.

      • Oregonian1

        Convention of States under Article Five to repeal the 17th Amendment and return the election of Senators to the state legislatures, where it belongs. Make the Senators once again responsible to the interests of the people they represent. No more McCain, Grahamnesty, McConnell, Corker, Lisa Murkowski, and the other swamp rats who represent only the special interests who keep them in Washington!

        • Jack Woodburn

          Oh, like State Legislatures are anything but minor leaguers aspiring to step up to the big league of Congress.

    • Steven Strawbridge

      Primary challenges FTW! RINOs out => Conservatives IN!

    • Betty G

      Take Ryan also. They had 8 years to come up with another healthcare and they did nothing. They are all dipping in the pot for themselves and not the american tax paying citizens. Unions and politicians run this country for themselves only.

      • antiliberal00

        They had the answer 8 years ago. A full repeal. That is and was, all that is required.

    • jarheadwife

      Uniparty scammers…DC should have the first wall built around it. America is not their first interest in their holier-than-thou ‘public servant’ cover. Clean house!

    • forceofone1

      Exactly right. We gave them the House. They said the needed the Senate. We gave it to them. Then they said the need the White House. Now they have it and these Rino’s won’t do squat. They need to go.

      • Clyde

        They love to yell and holler about grandiose plans and what they will do if we just give them the chance. So now they just sit puttering around getting nothing done. Damn we need another party.

    • Jed55

      Correct, we have to vote them out in 2018 & 2020.