Independent Senator Bernie Sanders railed against the Republican budget and tax cut proposals, in an effort to mobilize a fight against what he called 'the most destructive and unfair budget and tax proposals in the modern history of our country."
"This budget is the Robin Hood principle in reverse. It takes from those in need and gives to those who are already living in incredible opulence," Bernie said during the Democratic Weekly Address on Saturday (October 14).
Republican lawmakers are considering indirect paths to meeting President Donald Trump's goal of slashing the corporate tax rate to 20 per cent, one of the toughest challenges they face in trying to overhaul the U.S. tax code.
Tax writers in the House of Representatives may opt to phase in the 20 percent corporate rate over three to five years by lowering it in stages from the current 35 percent, said two sources close to the tax discussions.
A phase-in surfaced as an option among Republicans on the House Ways and Means Committee as it closed in on completion of actual tax legislation, working off of a nine-page "framework" unveiled by Trump on September 27.