Trump launches push for tax overhaul with populist speech devoid of details

Michele Moreno
September 1, 2017

Tax reform, said Grover Norquist, president of Americans for Tax Reform, "allows him to connect with the American people on an issue that most Americans get". This was a major campaign pledge that remains short on detail and a long way from becoming law. Claire McCaskill, who is seeking another term in 2018, if she does not support his upcoming tax reform proposal.

According to Reuters, Trump name checked Ireland alongside France, Germany, Canada and Mexico as countries with a low corporate tax rate.

To top it off, much of the president's angry antagonism is directed at members-even the leaders-of his own Republican Party in the House and Senate who will be called upon to do things like, for example, vote upon tax reform!

President Donald Trump made his first return to Missouri since winning the state in the 2016 election.

Pitching his broad vision of lower taxes, a simpler system, and sustained economic growth, Trump said it was a "once-in-a-generation" opportunity to reform taxes.

"I don't want to be disappointed by Congress, do you understand?" He mentioned the affordability of childcare specifically and said that it was a cause particularly important to his daughter, Ivanka Trump.

"I want to work with Congress, Republicans and Democrats alike on a plan that is pro-growth, pro-jobs, pro-worker and pro-American".

"Ideally ... we would like to bring our business tax rate down to 15% ..."

The President classified his ideas as "pro-American tax reform" that will allow companies to hire in the USA and expand at home, not overseas. He repeatedly called for a fair tax system toward middle class Americans and one that would keep businesses in the U.S.

Simplifying the tax code has been one of Mr. Trump's goals, both since taking office and from his days as a presidential candidate, and Congress is expected to make it a key focus on their upcoming agenda.

"By making it less punitive for companies to bring back this money and making the process far less bureaucratic and hard, we can return trillions and trillions of dollars to the economy and spur billions of dollars in new investments in our struggling communities and throughout our nation", Trump said.

"It seems that this is an area where Trump can turn the page with Congress", Delehanty said in an interview. "Do you understand?" Trump said, amid applause from his supporters in Springfield in Missouri.

Republicans have been vocal advocates for tax reform over the years.

Trump argued that the rest of the world subsequently lowering their tax rates demanded more corporate tax cuts in the United States.

Other reports by Insurance News

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