President Trump visits Springfield, Mo. to speak about tax reform

Share

President Trump visits Springfield, Mo. to speak about tax reform

Mr Trump said the U.S. has surrendered its competitive advantage with one of the highest corporate tax rates in the world. "Your senator, Claire McCaskill, she must do this for you, and if she doesn't do it for you, you have to vote her out of office".

"We want to be clear that the people of MO are against his harmful and hurtful healthcare cuts", Webber said.

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.

One of the officials said Trump is going to try to tap into a view among many Americans that "the economy is rigged - that it only benefits a very small [number of] wealthy and well-connected few ..."

His administration is pushing for a simpler tax code and lower rates, but it has said it will leave the details of the proposal to Congress.

"An administration official told NBC News that this is a "'Why we need tax reform, ' not a "How we're gonna do it" speech".

Even as he laid out his tax reform pitch in broad strokes, Trump sought to turn up the pressure on members of Congress to get behind his still-undetailed effort and he called out Missouri's Democratic Sen.

President Donald Trump is making his first post-election visit to Missouri, a state that could help decide the balance of power in the U.S. Senate. There is still disagreement, for example, on how significantly to decrease the corporate tax rate and whether to make the legislation revenue neutral.

The information provided by the White House Monday indicates a much different event than Trump's trip to Phoenix last week, a campaign-style rally before thousands. Households in the middle fifth would lose an average of $1,500 once the costs of paying for the Trump tax cuts are counted.

Trump envisions a corporate tax rate dropping from 35 percent, now the highest in the industrialized world, to around 15 percent.

"President Trump has challenged Congress to reduce the burden on the American worker and to build an economy that rewards honest work", Hawley wrote. The Republican Missouri Attorney General has also pushed Congress to support Trump's tax reform agenda.

For instance, the administration has not stated publicly what will be the precise scope of Trump's tax reforms.

Share

Advertisement

© 2015 Leader Call. All Rights reserved.