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

Trump calls estate tax a 'tremendous burden'

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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.)

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