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>>

  • Sink hole opens up after recent construction on sewers

    Sink hole opens up after recent construction on sewers

    Monday, September 18 2017 8:44 PM EDT2017-09-19 00:44:40 GMT
    A sink hole in an alley on 18th Street N and 3rd Ave N  has grown to the size of a compact car in nearly 48 hours, and the crazy part is the alley was paved just last week. We were told the hole was only about 6 inches deep last night by the city. By this morning, it had measured about 9 inches deep. Thankfully repairs have already started on the hole. Neighbors say this was caused by a sewer repair project that started a while ago. The construction crew completed the project j...
    A sink hole in an alley on 18th Street N and 3rd Ave N  has grown to the size of a compact car in nearly 48 hours, and the crazy part is the alley was paved just last week. We were told the hole was only about 6 inches deep last night by the city. By this morning, it had measured about 9 inches deep. Thankfully repairs have already started on the hole. Neighbors say this was caused by a sewer repair project that started a while ago. The construction crew completed the project j...
  • Change of address notification for Tier 3 Sex Offender in Great Falls

    Change of address notification for Tier 3 Sex Offender in Great Falls

    Tuesday, September 19 2017 1:00 PM EDT2017-09-19 17:00:45 GMT
    The Great Falls Police Department has sent out a public notification to inform citizens of Great Falls that a Tier 3 Sex Offender has changed his address within the city limits. David Allen Knaff has updated his address to 402 2nd Ave. S. #19.
    The Great Falls Police Department has sent out a public notification to inform citizens of Great Falls that a Tier 3 Sex Offender has changed his address within the city limits. David Allen Knaff has updated his address to 402 2nd Ave. S. #19.
  • Officers named in September officer involved shooting

    Officers named in September officer involved shooting

    Tuesday, September 19 2017 8:53 PM EDT2017-09-20 00:53:13 GMT

    For the second time this year a Great Falls Police Officer has been involved in a shooting.

    For the second time this year a Great Falls Police Officer has been involved in a shooting.

  • Cyber terrorist group outlines ransom in letter to Flathead Valley school

    Cyber terrorist group outlines ransom in letter to Flathead Valley school

    Tuesday, September 19 2017 12:15 AM EDT2017-09-19 04:15:20 GMT

    More information comes to light about the suspected cyber terrorist cell threatening the Flathead Valley, after a ransom letter was sent on Monday to staff at the Columbia Falls School District.

    More information comes to light about the suspected cyber terrorist cell threatening the Flathead Valley, after a ransom letter was sent on Monday to staff at the Columbia Falls School District.

  • 2 are dead after pickup collides with school bus

    2 are dead after pickup collides with school bus

    Tuesday, September 19 2017 8:51 PM EDT2017-09-20 00:51:49 GMT

    Two people were killed Tuesday morning after a pickup truck collided with a school bus near Glasgow.

    Two people were killed Tuesday morning after a pickup truck collided with a school bus near Glasgow.

  • NewsMore>>

  • 2 are dead after pickup collides with school bus

    2 are dead after pickup collides with school bus

    Tuesday, September 19 2017 8:51 PM EDT2017-09-20 00:51:49 GMT

    Two people were killed Tuesday morning after a pickup truck collided with a school bus near Glasgow.

    Two people were killed Tuesday morning after a pickup truck collided with a school bus near Glasgow.

  • Parking fees increase for parking garages and certain lots

    Parking fees increase for parking garages and certain lots

    Tuesday, September 19 2017 11:01 PM EDT2017-09-20 03:01:19 GMT

    Should the city of Great Falls increase the parking rates for Downtown parking garages and several other city-owned parking lots? It’s a question many have been asking. 

    Should the city of Great Falls increase the parking rates for Downtown parking garages and several other city-owned parking lots? It’s a question many have been asking. 

  • Officers named in September officer involved shooting

    Officers named in September officer involved shooting

    Tuesday, September 19 2017 8:53 PM EDT2017-09-20 00:53:13 GMT

    For the second time this year a Great Falls Police Officer has been involved in a shooting.

    For the second time this year a Great Falls Police Officer has been involved in a shooting.

  • Proposed mill levy for Cascade County to be on November ballot

    Proposed mill levy for Cascade County to be on November ballot

    Tuesday, September 19 2017 8:45 PM EDT2017-09-20 00:45:19 GMT
    For Cascade County residents, coming up on the ballot in November you can expect to see a new tax increase proposal. It's one that Great Falls Development Authority president, Brett Doney, says is not only long overdue, but is more common than we might think.  "First off, we've watched other communities in Montana that have had the mill levy for many many years. Yellowstone County with Billings, Flathead County has it. They have it down in Butte-Silver Bow. S...
    For Cascade County residents, coming up on the ballot in November you can expect to see a new tax increase proposal. It's one that Great Falls Development Authority president, Brett Doney, says is not only long overdue, but is more common than we might think.  "First off, we've watched other communities in Montana that have had the mill levy for many many years. Yellowstone County with Billings, Flathead County has it. They have it down in Butte-Silver Bow. S...
Powered by Frankly
Copyright - All content © 2001 - 2017. All Rights Reserved. For more information on this site, please read our Privacy Policy, Terms of Service, and Ad Choices.