Published: Thu, August 31, 2017
Medicine | By Rogelio Lindsey

Trump Speech on Tax Reform in Missouri

Trump Speech on Tax Reform in Missouri

President Donald Trump came to Springfield, Missouri, on Wednesday with one goal in mind: to push tax reform.

Trump also took a few stabs at the hard argument that cutting corporate rates would lead to job creation and benefits for people other than just the very rich.

The White House official said Tuesday that the tax code legislation will be an "unified proposal" between the administration and GOP House and Senate leaders in order to improve its chances of passage and said conversations with lawmakers are ongoing. While the broad, sweeping principles upon which tax reform will be based have been set by the White House and Republican leadership, the details have yet to be fine-tuned. The president framed the US tax code problem in terms of competitiveness. Trump also said he would like to bring the business tax rate down to 15%, a figure that has been met with resistance by congressional leaders who see it as too low.

"When you hear the president talking about ending the rigged system, I think another way to phrase that is restoring a fundamental American precept, which is fairness", said another White House aide, also speaking on condition of anonymity.

In terms of policy details, the speech will reportedly be light.

He pointed out that, during Trump's campaign, the then-Republican candidate promised to protect Medicaid and expand healthcare for everyone.

The speech comes four months after National Economic Council Director Gary Cohn and Treasury Secretary Steven Mnuchin gave reporters a one-page outline of Trump's tax plan.

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. "That would cause investment to flow overseas, and that would reduce the capital which workers in the United States have, so it should reduce wages".

They are heading to Springfield, Missouri where the president is expected to deliver remarks about tax reform.

For her part, McCaskill has offered some hope of finding common ground with Trump, including on corporate tax cuts. Households in the middle fifth would lose an average of $1,500 once the costs of paying for the Trump tax cuts are counted.

And after the Republican plan on healthcare stalled, he warned Congress not to let him down again.

Some Republicans have complained that Trump's public efforts are coming late in the legislative year.

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