Trump calls estate tax a 'tremendous burden' - KFBB.com News, Sports and Weather

Trump calls estate tax a 'tremendous burden'

Posted: Updated:

WASHINGTON (AP) - The Latest on President Donald Trump and Congress (all times EDT):
    
5 p.m.
    
President Donald Trump is calling for the end of what he's dubbed the "death tax," calling it a "tremendous burden" for family farmers and other businesses.
    
Trump says during a tax speech in North Dakota that he will not allow the death tax to "crush the American dream."
    
He's pointing to Julie Ellingson, a fourth-generation rancher who owns a cattle ranch with her husband. The White House says she's concerned about how the estate tax may affect her children when they inherit the operation.
    
The White House tax goals released in April include repealing the estate tax, which applies to people with estates worth more than $5.49 million.
    
The New York Times recently reported that Trump's chief economic adviser Gary Cohn told a gathering of Senate Democrats that "only morons" pay the estate tax.
    
___
    
4:45 p.m.
    
President Donald Trump is highlighting the presence of North Dakota's Democratic Senator Heidi Heitkamp at a tax speech he's giving in her state, and calling on Democrats to support his plan.
    
Trump brought the state's congressional delegation along with him on Air Force One and at one point invited them up on stage.
    
Trump turned to Heitkamp and told her, "Everybody's saying, what's she doing up here?"
    
Trump says he hopes to get her support on the plan he's pushing to cut business and personal income taxes and simplify the tax code.
    
Trump says he wants and needs the lawmakers' support, and is heaping them with praise.
    
He says, "They're all in good company together."
    
___
    
1:35 p.m.
    
President Donald Trump says he's agreed to a "very good" deal to fund the government and increase the nation's borrowing limit for three months as part of an agreement to rush disaster aid to victims of storm Harvey.
    
Trump told reporters traveling with him aboard Air Force One that "we essentially came to a deal and I think the deal will be very good."
    
The moves buys almost three months for Washington to try to solve myriad issues, including more funding for defense, immigration, health care, and a longer-term increase in the government's borrowing authority.
    
Trump met earlier at the White House with top House and Senate leaders of both political parties.
    
__
    
1:16 p.m.
    
Democratic leaders say President Donald Trump has agreed to a plan to fund the government and increase the nation's debt limit for three months as part of a deal to rush disaster aid to Hurricane Harvey victims.
    
House Minority Leader Nancy Pelosi and Senate Minority Leader Chuck Schumer announced the agreement Wednesday after meeting with Trump at the White House.
    
The deal promises to speed a $7.9 billion Harvey aid bill, which passed the House Wednesday, to Trump's desk before disaster accounts run out later this week.
    
The move buys almost three months for Washington to try to solve myriad issues, including more funding for defense, immigration, health care, and a longer-term increase in the government's borrowing authority.

(Copyright 2017 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.)

  • Most Popular

  • Most Popular StoriesMost Popular StoriesMore>>

  • UPDATE: GFPD officers cleared in shooting

    UPDATE: GFPD officers cleared in shooting

    Tuesday, January 23 2018 12:58 PM EST2018-01-23 17:58:30 GMT

    Fergus County Coroner Richard Brown, is presiding over an officer involved shooting from September of last year that resulted in the death of Great Falls resident 25 year old Thomas Addison. 

    Fergus County Coroner Richard Brown, is presiding over an officer involved shooting from September of last year that resulted in the death of Great Falls resident 25 year old Thomas Addison. 

  • Children abused, caregiver arrested

    Children abused, caregiver arrested

    Monday, January 22 2018 10:14 PM EST2018-01-23 03:14:41 GMT

    Weeks of abuse lead to multiple charges for one man.

    Weeks of abuse lead to multiple charges for one man.

  • Police report: Man threatens to start killing people

    Police report: Man threatens to start killing people

    Monday, January 22 2018 9:27 PM EST2018-01-23 02:27:02 GMT

    Police reports state a man is facing charges of Intimidation after he threatened to start killing people until he got his child back. 

    Police reports state a man is facing charges of Intimidation after he threatened to start killing people until he got his child back. 

  • UPDATE: Missing Butte toddler has been found

    UPDATE: Missing Butte toddler has been found

    Tuesday, January 23 2018 7:32 AM EST2018-01-23 12:32:38 GMT

    A Missing Endangered Person Advisory has been issued by Butte-Silver Bow Law Enforcement for a Montana toddler.

    A Missing Endangered Person Advisory has been issued by Butte-Silver Bow Law Enforcement for a Montana toddler.

  • Governor: 1 dead, many injured in high school shooting in southwest Kentucky

    Governor: 1 dead, many injured in high school shooting in southwest Kentucky

    Tuesday, January 23 2018 11:01 AM EST2018-01-23 16:01:31 GMT

    BENTON, Ky. - Kentucky State Police say the suspected shooter at a high school was apprehended by a Marshall County deputy. The Tuesday morning shooting at Marshall County High School in southwest Kentucky has left one person dead and others wounded. State police didn't provide any other immediate details about the shooter or the apprehension.

    BENTON, Ky. - Kentucky State Police say the suspected shooter at a high school was apprehended by a Marshall County deputy. The Tuesday morning shooting at Marshall County High School in southwest Kentucky has left one person dead and others wounded. State police didn't provide any other immediate details about the shooter or the apprehension.

  • NewsMore>>

  • Bullock protects net neutrality

    Bullock protects net neutrality

    Monday, January 22 2018 8:05 PM EST2018-01-23 01:05:50 GMT
    In front computer science students at Helena High, his alma mater , Governor Bullock made it blatantly clear that net neutrality laws will be observed under his watch, so that kids like Bryndon Wilkerson can get their online homework and research done with more ease. “While researching, students may not be able to access important pieces of information, thus limiting their knowledge,” said Wilkerson a Senior at Helena High School. Governor Bullock's order requires inter...
    In front computer science students at Helena High, his alma mater , Governor Bullock made it blatantly clear that net neutrality laws will be observed under his watch, so that kids like Bryndon Wilkerson can get their online homework and research done with more ease. “While researching, students may not be able to access important pieces of information, thus limiting their knowledge,” said Wilkerson a Senior at Helena High School. Governor Bullock's order requires inter...
  • Helena Woman Dies in Crash

    Helena Woman Dies in Crash

    Monday, January 22 2018 10:52 AM EST2018-01-22 15:52:48 GMT
    The Montana Highway Patrol says a 25-year-old woman has died in a single-vehicle crash north of Helena.    The patrol identified the victim as Kassandra Biller, of Helena, who was the only person in the vehicle.    The crash was reported around noon Saturday.    The patrol says the vehicle Biller was driving failed to negotiate a curve and went off the road. The vehicle struck several trees and rolled at least three times.    Biller was pronounc...
    The Montana Highway Patrol says a 25-year-old woman has died in a single-vehicle crash north of Helena.    The patrol identified the victim as Kassandra Biller, of Helena, who was the only person in the vehicle.    The crash was reported around noon Saturday.    The patrol says the vehicle Biller was driving failed to negotiate a curve and went off the road. The vehicle struck several trees and rolled at least three times.    Biller was pronounc...
  • Despite threats, Capitol workers feel safe

    Despite threats, Capitol workers feel safe

    Thursday, January 18 2018 7:37 PM EST2018-01-19 00:37:52 GMT
    HELENA, Mont.- A major threat to the state capitol as a man is taken into custody after telling police he was planning to "shoot up" the building.  Police say he may have been on his way to the capitol when he was caught. On Tuesday, the man told officers he planned to shoot up the Capitol the next day. Teams in Bozeman and Helena worked together to identify the suspect-- a 40-year-old Belgrade man. Yesterday they learned he had left Belgrade on his way to Helena. H...
    HELENA, Mont.- A major threat to the state capitol as a man is taken into custody after telling police he was planning to "shoot up" the building.  Police say he may have been on his way to the capitol when he was caught. On Tuesday, the man told officers he planned to shoot up the Capitol the next day. Teams in Bozeman and Helena worked together to identify the suspect-- a 40-year-old Belgrade man. Yesterday they learned he had left Belgrade on his way to Helena. H...
  • Update: Fatal crashed reported in Pondera County

    Thursday, January 18 2018 7:35 PM EST2018-01-19 00:35:27 GMT

    Montana Highway Patrol responded to a fatal vehicle accident Tuesday morning in Pondera County near the Heart Butte area. The accident took place on Heart Butte Road right in front of the U.S. Postal Office. The call came in over dispatch about 5:30 a.m. and took MHP troopers almost two hours to respond to the scene. Right now it is unclear what caused the accident or if anyone else was hurt or killed. We are working to find out more details.

    Montana Highway Patrol responded to a fatal vehicle accident Tuesday morning in Pondera County near the Heart Butte area. The accident took place on Heart Butte Road right in front of the U.S. Postal Office. The call came in over dispatch about 5:30 a.m. and took MHP troopers almost two hours to respond to the scene. Right now it is unclear what caused the accident or if anyone else was hurt or killed. We are working to find out more details.

Powered by Frankly
Copyright - All content © 2001 - 2018. All Rights Reserved. For more information on this site, please read our Privacy Policy, Terms of Service, and Ad Choices.