Citizens Against Government Waste Statement on Tax Reform Kickoff

Citizens Against Government Waste Statement on Tax Reform Kickoff

Citizens Against Government Waste Statement on Tax Reform Kickoff

To close - President Trump called on Congress to support his ideas for a "pro-American tax reform".

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

"This is our once in a generation opportunity to deliver real tax reform for everyday Americans and I am fully committed to working with Congress to get this job done".

Details of the tax plan, however, won't come until later from the president's team and key members of Congress.

The president was short on specifics, but aides said he wants to frame the debate in a move to lower taxes.

Otherwise, if obstructing the Trump agenda is the way the GOP Congress wants to run its 2018 re-election, so be it.

"They've been the forgotten people, but they're not forgotten anymore, I'll tell you that".

"It disadvantages ordinary Americans who don't have an army of accountants, while benefiting deep-pocket special interests", he said.

"I think Congress is going to make a comeback", he said.

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Missouri State Treasurer Eric Schmitt says, "People deserve it".

President Donald Trump will kick off his lobbying effort for a tax overhaul at an event in Missouri, with a manufacturing backdrop and some economic tough talk.

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

While Trump repeatedly invoked "Main Street" on Wednesday, that doesn't match up with tax plans actually put forward by his administration.

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. But during Wednesday's speech on tax reform, the president seemed passionate about taking care of rich business owners.

"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". It also called for income tax brackets to be set at 10%, 25% and 35%, the latter for the wealthiest Americans, down from the current 39.6% rate.

The Bureau of Labor Statistics revealed Thursday that the average American a year ago paid more in taxes than he or she did on food or clothing. "Do you understand?" Trump said. "We must reduce the tax rate on American businesses so they keep jobs in America, create jobs in America and compete for workers right here in America - the America we love".

By pressing for action on taxes, Trump hopes to make good on a campaign promise and satisfy business groups.

If tax cuts are not offset by spending cuts or other tax increases, the USA deficit will rise.

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