5 things you need to know now
5 things you need to know now
  • Trump says he will not pull the U.S. out of NAFTA

  • House may vote on GOP health-care bill as early as Friday

  • 2 American soldiers killed battling ISIS in Afghanistan

  • Trump unveils tax plan with cuts for businesses and families

  • United to offer bounced passengers up to $10,000

After speaking with the leaders of Mexico and Canada, President Trump "agreed not to terminate NAFTA at this time," the White House announced Wednesday night. The North American Free Trade Agreement between the U.S., Mexico, and Canada was implemented in 1994, and while on the campaign trail, Trump called it a "job killer" and a "disaster." In a statement, the White House said Canadian Prime Minister Justin Trudeau and Mexican President Enrique Peña Nieto "agreed to proceed swiftly, according to their required internal procedures, to enable the renegotiation" of the trade deal to "the benefit of all three countries." Earlier in the day, a senior administration said the White House was finalizing the wording of an order to withdraw from the deal.

Source: The Associated Press

House Republican leaders huddled with more moderate members of the GOP caucus for two hours Wednesday night to drum up support for the latest version of the American Health Care Act, after the hardline conservative House Freedom Caucus threw its support behind the newly amended health-care bill and influential outside conservative groups dropped their opposition. After the meeting, House Majority Leader Kevin McCarthy (R-Calif.) said "we got a few more to yes tonight," and did not rule out a House vote as early as Friday. Rep. Cathy McMorris Rodgers (R-Wash.) said it is "yet to be determined" if the House votes on Friday, but Rep. Ted Yoho (R-Pa.), one of the few Freedom Caucus members to attend Wednesday night's meeting, said of a Friday vote, "It sounds kind of like they're going to do that." The Wall Street Journal suggests a Saturday vote, on Day 100 of Trump's presidency.

Source: Roll Call, The Wall Street Journal

Two American soldiers were killed overnight in the eastern Afghanistan province of Nangarhar in an operation against an Islamic State affiliate, Pentagon spokesman Capt. Jeff Davis said Thursday. The operation targeted the Afghanistan wing of the terrorist group, known as ISIS-K; an additional Special Operations Forces soldier was wounded in combat, but is expected to live. The Nangarhar region is a hotbed for ISIS, and has been the site of many U.S.-Afghan joint counterterrorism operations. It is also near where the U.S. dropped the so-called "mother of all bombs" earlier this month.

Source: The Washington Post, CNN

President Trump unveiled a broad tax proposal Wednesday, including a sharp cut in the corporate tax rate from 35 percent to 15 percent. For individuals, the administration proposed reducing the seven tax brackets to three, at 10, 25, and 35 percent. "We are going to double the standard deduction, so a married couple will not pay any taxes on the first $24,000 they earn," chief economic adviser Gary Cohn said. The White House reportedly hopes that the family-friendly provisions will give Democrats a strong incentive to negotiate a deal, but Democratic National Committee Chairman Tom Perez has argued "Trump's latest proposal is another gift to corporations and billionaires like himself." The bipartisan Committee for a Responsible Federal Budget estimates Trump's plan could cost $5.5 trillion.

Source: The New York Times, The Daily Beast

Following the furor over a passenger being dragged off of an overbooked flight earlier this month, United Airlines announced Thursday it is implementing 10 changes that the company says will "better serve our customers and empower our employees." The airline will now offer passengers on overbooked planes as much as $10,000 to voluntarily give up their seat, rather than no more than $1,350. The company will also hold off on calling law enforcement unless security and safety are at risk and launch a new automated system to determine which passengers are willing to be bumped from an overbook flight. "Every customer deserves to be treated with the highest levels of service and the deepest sense of dignity and respect," United CEO Oscar Munoz said in a statement.

Source: Bloomberg
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