President Trump Pushes Tax Reform In Missouri Speech

Frederick Owens
August 31, 2017

Claire McCaskill, one of the chamber's most vulnerable Democrats in next year's midterm elections. It will, though, make the case that tax code changes, particularly the corporate rate, are necessary for improved economic conditions.

Further, as we've explained, we estimate that the annual tax cuts for the 400 highest-income families would average roughly $15 million each from two Trump tax plan provisions alone.

"We just come in a couple days ahead of time and sell to people so they don't have to stand in line at rallies and not get the merchandise that they want".

The White House stressed that Mr. Trump is determined to deliver tax relief to Americans, but he also needs to put a legislative victory on the board to get his presidency back on track after the failure of the Obamacare repeal-and-replace bill.

Invoking the populist language that fueled his campaign, Trump said America's working class would be the ultimate beneficiary.

Trump's plan was light on details, but centered around four ideas: simplifying the tax code, cutting corporate taxes, giving tax relief to middle-class families and repatriating trillions of dollars now parked overseas. He will speak about tax reform at the Loren Cook Company, which makes ventilation equipment.

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Democrats have hinted they are willing to work with Republicans and the administration to accomplish tax reform, but only if it does not provide tax cuts for the wealthiest Americans. The president framed the USA tax code problem in terms of competitiveness. "Dem opposed to big tax cuts", he posted.

Speaking to a friendly crowd in Springfield, Mo., Trump laid out a broad outline for a tax-code overhaul he said would encourage domestic manufacturing, create American jobs and lower the tax burden on businesses and employees alike.

The White House is dodging questions about the details, which will decide the plan's fate.

In terms of policy details, the speech will reportedly be light.

"Anybody I forget?" Trump said, before moving on with his speech.

The economy has been bright spot for Trump's troubled presidency, with unemployment rates falling and growth rates reaching their fastest clip in over two years. USA business leaders are urging action among Republicans to level the competitive playing field for American companies through a tax code overhaul.

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