Trump pushes Congress for tax reform

01 September 2017, 01:35 | Isaac Mcdaniel

Credit Ryan Welch KSMU

Springfield Police Department

Of other countries' tax reforms, he said: "They made their taxes lower - and far lower, in many cases, than ours - and jobs left our country".

Today, President Donald Trump visits Missouri to unveil his tax reform plan.

US President Donald Trump described the new tax reforms as "globally competitive", and said that they would bring back trillions of dollars stacked overseas.

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!

"That means getting rid of the loopholes and the complexity that benefits special interest groups", Trump said, adding that the current tax code is so complicated that most Americans need help doing their taxes.

Two million Muslims begin Hajj in Makkah
With the exception of previous Iranian boycotts, impeded access to the Hajj is virtually unprecedented in modern Islamic history. Ibu Mariah Marghani Muhammad is joining more than 220,000 pilgrims from Indonesia, the world's most populous Muslim country.

Dera chief Ram Rahim's wife, mother return to Rajasthan home
Kumar added that a curfew and a ban on the gathering of five or more persons was still in place in Sirsa in the coming days. The court has also directed the state government to investigate how hundreds of vehicles escorted Dera Chief to Court.

IS stronghold Tal Afar about to fall
Ibrahim al-Jaafari made the announcement at a news conference with his French counterpart on Saturday. Several villages north of Tal Afar have yet to be retaken, the statement said.

Otherwise, if obstructing the Trump agenda is the way the GOP Congress wants to run its 2018 re-election, so be it. "In a way-and I've been saying this for a long time-they've been sort of the forgotten people, but they're not forgotten any longer. I hope so", said Trump. "I hope so the United States is counting on it".

Trump set out four tax reform principles: simplicity, a competitive tax code, tax relief for the middle class and global corporate tax reform. There is a simple choice on tax reform: Either the taxpayers' hard-earned money will continue to be sent to Washington and enter a maze of bureaucratic inefficiency and ineptitude, or the tax code can be fixed and rates can be lowered.

He pledged to "bring back Main Street by reducing the crushing tax burden on our companies and on our workers", and work with Republicans and Democrats alike on a tax plan that is "pro-growth, pro-jobs, pro-worker". But during Wednesday's speech on tax reform, the president seemed passionate about taking care of rich business owners. "They'll keep their money, they'll spend their money, they'll buy our product", the president said Wednesday. He wants the tax code to be simplified, corporate rates to be reduced, rates lowered for middle income workers, and offshore profits reclaimed. "I don't want to be disappointed by Congress, do you understand me?" said the president to cheers.

President Trump on Wednesday pitched a sweeping tax overhaul that he said would unleash the USA economy and growth to help ordinary people, promising that a vague recipe of large corporate tax cuts and individual tax reductions would boost the middle class.

"But it would make us highly competitive". Another official told reporters that it will be a "very bipartisan speech" that will call for lawmakers to "work to build a tax code that really allows all Americans to have access to the American Dream and work their way up the economic ladder".



Other News

Trending Now

Milwaukee County Sheriff David Clarke has resigned
He was hit by allegations in May that he plagiarized content in his master's thesis on homeland security, which he denied. In January, after four inmate deaths in county jails, County Supervisor Supreme Moore Omokunde urged Clarke to resign.

Onevue Holdings Ltd (OVH.AX) Needle Moving on Volume
RBC Capital and their recent target price per share would suggest a potential upside of 22.03 % from the company's last price. Tph Asset Management, LLC grew its investment by buying 104,911 shares an increase of 21.7% from 03/31/2017 to 06/30/2017.

German challenger Schulz slams Merkel as aloof as campaign heats up
She added this was also true for other detained Germans whose cases had not garnered as much public attention. Opposition has been particularly staunch in her home region in former communist east Germany.

United Nations chief in Ramallah says no alternative to two-state solution
More than 300 Palestinians have lost their lives at the hands of Israeli forces in tensions since the beginning of October 2015. Israel is now considering reinstating visits for all legislators.

Addicks Reservoir overflows over spillway
A major dam outside Houston has begun spilling over as Storm Harvey pushes the reservoir past capacity, a Texas official says . One of two key reservoirs that protect downtown and the Houston Ship Channel, Addicks is at a historic high.

Osteen ripped on social media for not opening megachurch to flooding victims
The church will open at noon today to collect donations of supplies and good old-fashioned American currency, the Chronicle adds. A short time after that, it was announced that the church would open its doors in the near future to help those in need.

Mayweather refused last-minute prop wagers on fight with McGregor
With post on his social media accounts, dos Anjos called McGregor "McChicken" in the first of many hashtags. Why Snoop? We know you like Mayweather and the Money team, but this was something shameful.

Amazon cuts prices on items at Whole Foods
But one other big change within Whole Foods locations might be just as important - if not more so - than those other factors. Amazon says there'll be immediate price cuts on many grocery staples including vegetables, fruit, fish, meat and eggs.

Kevin Hart shames celebrities; donates huge sum to Harvey relief
Reportedly, five people have been killed and more than a dozen injured. The deluge of support continued with country star Chris Young .

Hillary Clinton coming to Vancouver to promote her upcoming book
In the USA , she will sell seats for much less, with some tickets in Broward, Florida, going for between $50 and $350. Other states on her tour include Pennsylvania, Florida and MI , which were all won by Trump.