Asked about Trump’s comment on a possible tax
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MEXICO CITY Authentic John Carlson Jersey , Sept. 14 (Xinhua) -- The finance ministers of Mexico and Canada on Thursday shared their joint optimism about the upcoming third round of NAFTA renegotiation talks, set for Sept. 23-27 in Ottawa.
""Certainly, our wish is for the meetings which will take place in Canada to constitute an important step in showing the people of our three countries that we can work together,"" said Canadian Finance Minister, Bill Morneau, at a press conference in Mexico City.
According to Morneau Authentic Braden Holtby Jersey , the first two rounds, in Washington and Mexico City, were ""very constructive"" and that NAFTA has opportunities to improve.
Morneau was accompanied by Mexico's finance minister, Jose Antonio Meade, who shared his counterpart's optimism and called NAFTA one of the most successful commercial deals in the world.
""We are optimistic that there are spaces to make the NAFTA renegotiation a space which improves the chance of creating prosperity in the three countries,"" added Meade.
He said that the first two rounds had seen good will between the negotiators of Canada Authentic Andre Burakovsky Jersey , Mexico and the U.S., leading him to be confident in a good result being achieved.
Canada represents Mexico's second largest global market, with exports ranging above 10 billion U.S. dollars a year.
The three nations are updating NAFTA, in place since 1994, at the request of the government of U.S. President Donald Trump, who has long said the free-trade deal was hurting American businesses.
All the negotiating teams have estimated that the renegotiation could be finished in late 2017 or early 2018 Authentic Philipp Grubauer Jersey , after seven rounds of talks.
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President Donald Trump said on Wednesday the rich might see a hike in taxes as he pursues a major tax overhaul with outreach to Democrats who oppose cutting rates for the wealthy, while Republicans in Congress set a timetable to unveil their plan.
The White House and the Republican-led Congress have not put forth a detailed tax plan despite months of talks that have excluded Democrats. House of Representatives Speaker Paul Ryan said an outline would be unveiled during the work week beginning Sept. 25, with congressional tax-writing committees crafting detailed legislation in the subsequent weeks.
Democrats have criticized the Republican tax overhaul efforts as benefiting mainly the wealthiest Americans. Trump, a real estate mogul Authentic Christian Djoos Jersey , said the rich would not be making gains with the plan, which he said was geared toward providing the largest tax cut ever for the middle class and creating jobs.
“I think the wealthy will be pretty much where they are,” Trump said of taxes on the rich, without specifying the income level. “If they have to go higher, they’ll go higher, frankly.”
Trump will host Senate Democratic leader Chuck Schumer and House Democratic leader Nancy Pelosi on Wednesday evening to discuss the legislative agenda with a focus on the tax overhaul after meetings with bipartisan groups of lawmakers on Tuesday night and Wednesday afternoon.
“We should be able to come together to make government work for the people Authentic Devante Smith-Pelly Jersey ,” Trump told reporters as he met with eight Democratic and five Republican House members to try to find common ground on taxes as well as immigration and healthcare.
Asked what his message was to skeptical conservatives who worry he is cozying up to Democrats, Trump said: “I‘m a conservative, and I will tell you I‘m not skeptical. And I think that if we can do things in a bipartisan manner, that’ll be great. Now it might not work out.
Trump blindsided Republican leaders last week by striking a deal with Schumer and Pelosi on the U.S. debt limit and federal spending for three months, and also spoke to them about how to resolve the fate of 800,000 young adults brought into the United States illegally as children Authentic Madison Bowey Jersey , the so-called Dreamers.
‘NO MATTER WHAT’
Ryan said the outline being worked on now would reflect the consensus of the House Ways and Means Committee, the Senate Finance Committee and the Trump administration.
“I would love to have the Democrats supporting and working with us in a constructive way on tax reform, but we’re going to do it no matter what,” Ryan said.
U.S. President Donald Trump meets with a bipartisan group of members of Congress, including U.S. Representative Josh Gottheimer (D-NJ) (L) and Representative Tom Reed (R-NY) (R), at the White House in Washington Authentic Lars Eller Jersey , U.S. September 13, 2017. REUTERSJonathan Ernst
Asked about Trump’s comment on a possible tax increase for the wealthy, House Ways and Means Chairman Kevin Brady said: “My goal is to lower taxes on every American as much as possible and help them keep more of what they earn.”
Trump reiterated his goal for a 15 percent corporate tax rate, down from the current 35 percent, even as Ryan and the president’s own treasury secretary cast doubt in recent days on the ability to go that low.
“It would bring us to the level where China and other countries are. And we will be able to compete with anybody,” Trump said of the 15 percent rate.
There has been no comprehensive overhaul of the U.S. tax code since 1986 Authentic Jakub Vrana Jersey , and the starkly different visions embraced by the two parties for how to move forward promise to make the task difficult.
Ryan and Treasury Secretary Steven Mnuchin expressed confidence last week that Congress would pass the tax legislation this year.
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