President Donald Trump unveiled a one-page plan on Wednesday proposing deep U.S. tax cuts, many for businesses, that would make the federal deficit balloon if enacted, drawing a cautious welcome from fiscal conservatives and financial markets. While the proposed tax cuts would please those helped by them, such as multinational corporations and wealthy taxpayers, Trump's package fell far short of the kind of comprehensive tax reform that both parties in Washington have sought for years. As his milestone 100th day in office on Saturday nears, Trump has been scrambling to show progress on his agenda.
Trump seeks to shrink federal role in education with new order
President Donald Trump on Wednesday ordered Education Secretary Betsy DeVos to review the U.S. government's role in school policy, which supporters cheered as the first step in creating more local control in education and critics worried could lead to lower quality schools in poorer neighborhoods. DeVos has 300 days "to review and, if necessary, modify and repeal regulations and guidance issued by the Department of Education with a clear mandate to identify places where D.C. has overstepped its legal authority," said Rob Goad, a Department of Education official, according to a transcript of a White House call with reporters.
Trump U.S. tax plan will not manage to pay for itself with growth: experts
By David Lawder WASHINGTON (Reuters) - U.S. President Donald Trump's tax-cut plan will generate growth, but not nearly enough to replace trillions of dollars in lost revenues, while rising deficits could even take back some of the economic gains, fiscal experts said on Wednesday. Core principles of the plan, unveiled on Wednesday, rely heavily on so-called "dynamic scoring," a budget analysis method that assumes tax cuts will boost economic activity, thus generating more revenues. Such assumptions have been at the heart of Republican tax orthodoxy since Ronald Reagan used them to justify massive tax cuts in 1981 that were derided at the time by critics as "voodoo economics." On Wednesday, Treasury Secretary Steven Mnuchin said Trump's plan would "pay for itself with growth" and closing of some deductions and credits.
Death penalty phase closes in Pennsylvania trooper sniper case
The question of whether Eric Frein should be put to death for murdering a state trooper in a 2014 sniper attack that launched a massive manhunt went to a Pennsylvania jury following closing arguments on Wednesday. The same jury at Pike County Courthouse last week convicted Frein, 33, of first-degree murder of a law enforcement officer for fatally shooting Corporal Bryon Dickson II, 38, outside the Blooming Grove barracks. Frein, who for weeks evaded capture following the attack, was also convicted of other charges, including terrorism and the attempted murder of Trooper Alex Douglass, 34, who was shot and critically wounded as he rushed to Dickson's aid.
Florida Senate apologizes for abuse, deaths at reform school
The Florida Senate formally apologized on Wednesday to victims who suffered brutality, sexual abuse and even death after being sent as boys to a reform school with a history of troubles long denied by the state. The infamous site, which opened in 1900 in Marianna as the Florida State Reform School and was later named the Arthur G. Dozier School for Boys, closed in 2011. A forensic investigation between 2013 and 2016 uncovered graves for 55 boys, 24 more sites than reported in official records, according to the Senate resolution.