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Jim DeMint calls on Trump to pitch 'bold' tax reform that will 'get the American people excited

Jim DeMint calls on Trump to pitch 'bold' tax reform that will 'get the American people excited

Jim DeMint, president of the Heritage Foundation, called into "The Glenn Beck Radio Program" Tuesday morning to discuss President Donald Trump's tax plan announced during the campaign, which called for a simplified tax code, the elimination of the Alternative Minimum Tax, a hard cap on corporate tax rates, and the elimination of many loopholes used by corporations and the super rich to reduce their tax burden.

Stu Burguiere asked whether Trump would attempt to deliver on these campaign tax reform promises, and Jim replied that he would do so through House Ways and Means Chairman Kevin Brady's (R–Texas) forthcoming tax plan, which is likely to be hotly debated in Congress due to its inclusion of the Border Adjustment Tax (BAT).

The BAT raises taxes on imported goods while lowering taxes on exports, and its implementation would provide a massive pool of tax revenue — approximately $1 trillion over 10 years — which would help offset many of the plan's tax breaks, allowing the bill to be budget neutral and pass both chambers of Congress with a simple majority, side-stepping a potential Democratic filibuster.

Jim predicted that the BAT would be removed and that Trump's enthusiasm and support would be key to getting the bill passed:

"I think what they're talking about now is can they pass it and just take that (the BAT) out? So I believe Trump's plan and the House plan is fairly consistent, and hopefully they'll come out with something that's bold. That's what Trump needs. You know, this health care bill was not a Trump property. And when he went out and tried to sell something that was king of low-risk, just low expectations, it just didn't work for him. I think if he takes a bold stand and goes out there, that he might actually get excited about it and get the American people excited about it."

To see more from Glenn, visit his channel on TheBlaze and watch "The Glenn Beck Radio Program" live weekdays 9 a.m.–noon ET or anytime on-demand at TheBlaze TV.

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BlazeTV Staff

BlazeTV Staff

News, opinion, and entertainment for people who love the American way of life.
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