What Trump Expects from His "Tax Reform" Proposal

Yesterday, Donald Trump stopped in Missouri on his way back from Texas, to instruct his base to defeat Sen. Claire McCaskill next year and to rev up his followers to support his tax reform legislation — which is being drafted by a "Group of Six,” including two Goldman Sachs alums, Treasury Secretary Stephen Mnuchin and National Economic Council Director Gary Cohn, as well as Congressional leaders who probably wake up every day wondering whether Trump has the least idea about how to deal with Congress.


Earlier today, associate solitary reporter Johanna Jones attended their deliberations. One thing sure to be included will be reducing the corporate tax rate from 35% to 15%, which is obviously designed to reduce Trump’s taxes.


But how to make up for the loss of all those corporate tax dollars? That’s the big question.


So Jones asked associate solitary reporter Melissa Smith, who covers Congress for us, to ask House Minority Leader Nancy Pelosi how she feels about lowering the corporate tax rate.


"It’s DOA,” Pelosi said, echoing comments made earlier in the day by DNC Chair Tom Perez.