Trump to deliver tax reform speech

DonaldTrump

He also outlined simplifying the tax code by removing special interest deductions, making tax returns fit on a single page; providing "tax relief for middle class families"; and making it less "punitive" for corporations to repatriate "trillions of dollars in wealth that's parked overseas". In Missouri, he said that he hopes Congress doesn't disappoint him by not passing tax reform and that if the senator from Missouri (Democrat Claire McCaskill) doesn't support tax reform, she should be voted out of office.

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

"So let's put, or at least try to put, the partisan posturing behind us and come together as Americans", Trump said, going on to declare that his tax overhaul plan - which he called "The American Model" - will create "millions and millions" of new jobs, bring back "trillions of dollars in wealth that's parked overseas" and give the U.S. a "competitive edge" in world markets.

Trump called for a bipartisan effort to get his tax reform plan passed.

Following the failure to deliver on the seven-year pledge to repeal and replace the Obama health care law, known as Obamacare, Many Republicans feel they need to deliver on taxes or face a major blow in 2018 midterm elections.

Though the details were thin, the message was clear: Congress needs to pass tax reform on behalf of American workers and American companies. "I'm fully committed to work with Congress to get this job done, and I don't want to be disappointed by Congress".

Speaking on Route 66, Trump said it once was a symbol of America's booming economy.

Rohingya Crisis and Human Rights Abuse
The Dumlupınar Battle on August 30, 1922 also saw invading Greek forces' eventual defeat at the hands of the Turkish army. Monitors said there have been few, if any, insurgent attacks reported since Friday's initial offensive.

"I think Congress is going to make a comeback", he said. He also suggested eliminating tax loopholes and lowering taxes for middle-class families.

Trump's speech on tax reform this week was good but it was too little too late.

"We have no choice, we must lower our taxes", the president told the crowd. "They can pay their workers more, sell their products and services at lower costs and still make more money than their USA competitors".

Trump has vowed to stick to his plan of bringing down corporate tax rate to 15 per cent, from around 35 per cent, mentioning Ireland and other countries in his speech yesterday. Some lawmakers say any plan, which is not yet completed, would likely reduce business taxes no lower than 20 percent.

The U.S tax code's language and size, the president added, have further made it almost impossible for everyday Americans to easily file their own taxes. "By making it less punitive for companies to bring back this money, and by making the process far less bureaucratic and hard, we can return trillions and trillions of dollars to our economy and spur billions of dollars in new investments in our struggling communities and throughout our nation".

Tax reform stands then as a golden opportunity for redemption by the GOP Congress. "We want American companies to hire here and make things here".

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