BRENDAN SMIALOWSKI/AFP/Getty Images
President Donald Trump on Monday said he expected “good things” would happen after a historic meeting with North Korean leader Kim Jong Un, as he waded into New Jersey budget politics and prepared to sign a tax-related bill.
KIM MEETING
Back at the White House after meeting Kim on Sunday at the heavily fortified Demilitarized Zone, Trump said on Twitter, “it was great to call on Chairman Kim of North Korea to have our very well covered meeting. Good things can happen for all!”
The meeting, as the Associated Press wrote, marked a return to face-to-face contact between the leaders after talks broke down during a summit in Vietnam in February. But significant doubts remain about the future of the negotiations and the North’s willingness to give up its stockpile of nuclear weapons, AP said.
John Bolton, Trump’s national security adviser, rejected a New York Times story that said an idea within the administration would amount to negotiating a nuclear freeze with North Korea.
Now see: Nuclear talks to resume after historic Trump-Kim meeting at DMZ.
TAX MESSAGE TO NEW JERSEY
Also on Twitter, Trump congratulated legislators in New Jersey for passing a budget that excluded a proposal from Gov. Phil Murphy to raise taxes on millionaires.
Murphy, a Democrat and former Goldman Sachs GS, +0.86% executive, proposed boosting the top rate paid by those making more than $1 million to 10.75% from 8.97%. But Democrats who control both chambers of the state legislature balked.
“Congratulations to legislators in New Jersey for not passing taxes that would have driven large numbers of high end taxpayers out of the state,” Trump said. “Many were planning to leave, & will now be staying,” said Trump, who didn’t cite any examples.
Now see: Kamala Harris on the Trump tax cuts and more Democratic debate highlights for investors.
Monday afternoon Trump is scheduled to participate in a signing ceremony for a bill to make improvements to the Internal Revenue Service, known as the Taxpayer First Act. Among other things the bill exempts low-income people from the IRS’s private debt-collection program and provides identity theft victims with a single point of contact at the agency.
Also read: More Americans owed the IRS money after Trump’s sweeping tax reform.
Sign up for Trump Today and more MarketWatch newsletters.
Add Comment