The GOP's Tax Reform Baseline
- Author: Adam Floyd Sep 01, 2017,
Sep 01, 2017, 1:45
"The Dems are looking to obstruct tax cuts and tax reform".
Trump also mentioned deep tax cuts for businesses and investors, as well as cuts for the middle class, but he threw out no numbers.
Details of the tax plan, however, won't come until later from the president's team and key members of Congress.
Trump also spoke to a more competitive tax rate.
Terming the storm as "deeply tragic", Trump told all those who have lost their loved ones in the storm that "all of America is grieving with you and our hearts are joined with you forever".
All I want to do is MAGA (Make America Great Again), Trump added with the slogan of his presidential campaign.More news: Points and coupons
Speaking in Springfield, Missouri, Trump vowed his plan would be "pro-growth, pro-jobs, pro-worker and pro-American". "We can not restore our wealth if we continue to put our business at such a tremendous disadvantage".
Mr. Trump expressed his hope that tax overhaul will "bring back trillions of dollars in wealth that's parked overseas", create a "pro-growth" job market and stimulate a "pro-American" economy.
"We will endure and we will overcome", he said.
"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. And if she doesn't do it for you, you have to vote her out of office", Trump said.
Trump argued that the rest of the world subsequently lowering their tax rates demanded more corporate tax cuts in the United States. He called for a tax system that would minimise tax rates for businesses and provide a big boost to the middle class, Politico reports.
Trump may ultimately be forced to abandon broad reform in favor of more modest, and temporary, tax relief. The administration has tasked the congressional committees in charge of taxes with formulating a detailed plan.
If tax cuts are not offset by spending cuts or other tax increases, the US deficit will rise.
Osteen, who had to be shamed into opening his Lakewood Church to those seeking shelter from floodwaters after Hurricane Harvey, has himself made a fortune telling his vast teleflock that "God wants us to prosper financially, to have plenty of money, to fulfill the destiny he has laid out for us".