Trump begins tax reform campaign

Inc. All rights reserved. This material may not be published broadcast rewritten or redistributed

Calling for the corporate tax rate to be cut to 15 percent, Trump said, "Foreign companies have more than a 60 percent tax advantage over American companies".

Noting that the last major tax rewrite was 31 years ago, Trump said the new tax reforms will eliminate dozens of loopholes and special interest tax breaks, reduce the number of tax brackets from fifteen to two, and lower tax rates for both individuals and businesses.

"So this is our once-in-a-generation opportunity to deliver real tax reform for everyday, hardworking Americans", Trump said.

"The Dems are looking to obstruct tax cuts and tax reform". Our jobs will both stay here in America and come back to America.

In an official taxpayer-funded White House trip to Missouri President Donald Trump told his audience to vote out of office Democratic Senator Claire McCaskill if she refuses to support his tax cuts.

"We believe that ordinary Americans know better than Washington how to spend their own money and we want to help them take home as much of their money as possible and then spend it", he said in Springfield, Mo., during an address meant to kick off his push for tax reform. At present, the corporate tax rate in the United States is 35 percent.

Tax analysts said Trump's initial proposal would reap the most benefits for corporations and wealthy Americans, while barely giving a boost to middle and lower class citizens.

Читайте также: Leicester's Mahrez leaves Algeria camp in bid to seal move

Missouri State Treasurer Eric Schmitt says, "People deserve it. Do you understand?" Trump said. We'd all like to dream of congressional leaders suddenly and magically deciding that Congress should actually be a functional body of the government-that they would do what is right for the American people, create jobs, allow the economy to thrive, incentivize corporate America to want to grow and prosper, and bring people back into the workforce because they see opportunity.

He told the audience that the countries that have low business tax rates have an advantage over the United States.

Trump said his "globally competitive" tax reforms are based on four principles. Or did they want jobs? In a Thursday statement, AT&T CFO John Stephens said fixing the "broken" tax code would be key to "spur greater investment and job creation" from businesses of all sizes.

TRT World's Tetiana Anderson has more on Trump's tax reforms.

Former White House Press Secretary Ari Fleischer immediately noted the lack of empathy following Trump's Tuesday visit to Texas.

The business tax cut is, as my friend Larry Kudlow preaches often, "a middle-class tax cut". "Trying to pass a large middle-class tax cut alongside a tax reform package could make the legislative math very hard".

The so-called "Big Six" expected the legislation for tax reform to move through the tax-writing committees this fall, followed by consideration on the House and Senate floors.

При любом использовании материалов сайта и дочерних проектов, гиперссылка на обязательна.
«» 2007 - 2017 Copyright.
Автоматизированное извлечение информации сайта запрещено.

Код для вставки в блог

Related news:

Hot News

isis-killer-beheading-video-story-top Italian Star Flying To London For Medical Ahead Of £21m Chelsea Move
Сен 01, 2017 - 02:07
The Italian manager has already failed with moves for Arsenal's Alex Oxlade-Chamberlain and Bayern Munich's Rafinha this summer. Chelsea are keen to sign defenders before the 11pm transfer window and Zappacosta is now on his radar.

isis-killer-beheading-video-story-top Eisgruber writes letter to White House, calls for support of DACA
Сен 01, 2017 - 02:07
In my work I've met many DACA students, worked with them, and admire their commitment to be productive members of society. Thom Tillis, of North Carolina, is likely to introduce a measure similar to a House proposal by Florida Rep.

isis-killer-beheading-video-story-top Gigi Hadid Disables Instagram Comments Amid Accusations of Racism
Авг 31, 2017 - 01:47
The company is an internationally-acclaimed provider of lingerie, underwear, and sportswear sold within the female market. Also on board are models Gizele Oliveira, Alexina Graham, Zuri Tibby, Julia Belyakova, Aiden Curtis, and Estelle Chen .

isis-killer-beheading-video-story-top SEA Games: Official explains 50-gold forecast after Team PH misses target
Авг 31, 2017 - 01:45
He said full support should be given to the athletes because they were Malaysians. Another Malaysian earned a bronze medal after clocking in at 1:49.321.

isis-killer-beheading-video-story-top FDA approves first-ever gene therapy treatment for acute lymphoblastic leukemia
Авг 31, 2017 - 01:45
Other possible severe side effects could include serious infection, low blood pressure, kidney injury, fever and decreased oxygen. The newly approved drug, Kymriah, is a CAR-T cell treatment developed by Novartis and the University of Pennsylvania .

isis-killer-beheading-video-story-top Colorado National Guard deploys life-saving assets to aid Hurricane Harvey victims
Авг 31, 2017 - 01:45
Greg Abbott has notified about 12,000 Texas Guardsmen that they may be called up for Harvey . The lifesaving portion of the operation is continuing.

isis-killer-beheading-video-story-top Labour's leader in Scotland quits
Авг 31, 2017 - 01:44
She thought the time was right to go so the new leader could make their mark before the next Scottish elections. But the disquiet was still there and undoubtedly added to her calculations and self-questioning.

isis-killer-beheading-video-story-top SunTrust Robinson Humphrey Cuts Rating On Kite Pharma, Inc. (KITE) To "Hold"
Авг 31, 2017 - 01:39
Moore sold 6,000 shares at an average price of $110.08 on Thursday the 3rd. (NASDAQ: GILD ) on Tuesday, July 25 with "Buy" rating. The Nebraska-based Nelson Van Denburg Campbell Wealth Mngmt Ltd Liability Com has invested 0.46% in Gilead Sciences , Inc.

isis-killer-beheading-video-story-top US Second-Quarter GDP Revised Up To 3% From Initial 2
Авг 31, 2017 - 01:39
Some are now saying that the devastation from Hurricane Harvey could shave about a half-percentage point off growth this quarter. For the year a whole, I am now predicting real GDP growth of 2.2 percent, with 2.8 percent growth for the current third quarter.

isis-killer-beheading-video-story-top CDC: Don't kiss your pet turtle; Salmonella
Авг 31, 2017 - 01:37
Some of the patients said they bought turtles from street vendors or markets or received them as gifts, the CDC said. We reported in 2015 about a Pediatrics journal account of eight outbreaks across 41 states, covering 473 illnesses.

isis-killer-beheading-video-story-top Taylor Swift makes biggest YouTube debut ever with new music video
Авг 31, 2017 - 01:37
Following the single release, the music video broke it's own records after being released at the 2017 VMAS on Sunday. Swift wears a second snake ring on her right hand and features other snake references throughout the video.

isis-killer-beheading-video-story-top CORPORATE REPORT: United; Best Buy; Freeport-McMoRan; Hyundai
Авг 30, 2017 - 02:10
It dropped, as 61 investors sold FCX shares while 223 reduced holdings. 115 funds opened positions while 711 raised stakes. Many other analysts also published research on FCX. (FCX) stock showed the move of 1.57% with the closing price of $15.53.

isis-killer-beheading-video-story-top Don't fall for Hurricane Harvey charity scams
Авг 30, 2017 - 02:10
While those closer to the area may be donating blood, services or items, people further removed can help by donating money . Hurricane Harvey has devastated the coastal Texas area with 130 mile per hour winds and heavy rainfall.

isis-killer-beheading-video-story-top Another report claims Apple will unveil iPhone 8 on September 12
Авг 30, 2017 - 02:06
Apple has held a product event in September for five consecutive years, dating back to the introduction of the iPhone 5 in 2012. If not new iPhone models , Apple may launch a smartwatch with an LTE cellular chip that allows it to directly make calls.

isis-killer-beheading-video-story-top India, China should resolve disagreements through dialogue
Авг 30, 2017 - 02:05
Intriguingly, Bhutan, which claims the territory in question, was not mentioned in either the Indian or Chinese statements. On Monday, a statement from the External Affairs Ministry had said both countries have agreed to "disengage" in Doklam .