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Pence thinks there’s ‘lot of consensus’ around tax overhaul; report shows Trump would save $1.1 billion



President said “In fact, very, very strongly, as you can see,
I think there’s very little benefit for people of wealth.”

WAUKESHA, Wis. — Vice President Mike Pence says there’s “a lot of consensus” around the tax overhaul plan unveiled by President Donald Trump and congressional Republicans.

Pence joined with Wisconsin Gov. Scott Walker on Thursday to tout the plan with workers at Weldall Manufacturing in Waukesha and state business leaders.

Pence says for wealthier tax filers the plan is “probably a wash, but we think it’s a fairer, simpler tax code.”

Trump could cut his own tax bills by more than $1.1 billion, including saving tens of millions of dollars in a single year, under his proposed tax changes, a New York Times analysis has found.

Pence says the goal is to pass it before the end of the year and he believes it will have bipartisan backing. Pence says, “There is very broad support for this.”

“I don’t benefit. I don’t benefit,” Trump said Wednesday. “In fact, very, very strongly, as you see, I think there’s very little benefit for people of wealth.”

The Times, however, reported that “in fact, high-income earners like Mr. Trump are likely to benefit disproportionately if the White House proposal becomes law.”

The nearly $6 trillion tax cut unveiled Wednesday would simplify brackets, nearly double the standard deduction and deeply reduce levies for corporations.

Pence was hosting a fundraiser Thursday night in Milwaukee, which charged $10,000 to have a picture with the vice president.

The event was to benefit the Trump Victory fund, a joint fundraising committee for President Donald Trump’s campaign and the Republican National Committee.

Reports show that Trump has been using money from the Victory Fund and the Republican National Committee to pay for his lawyers in the probe of alleged Russian interference in the U.S. election, according to Reuters.

CNN also reported that the Republican National Committee paid in August more than $230,000 to cover some of Trump’s legal fees related to the probe.

Pence’s fundraiser costs $2,700 per person. A private dinner with Pence cost $35,000 per couple and it’s $70,000 to be a part of the host committee.

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