Trump pitches for tax overhaul to benefit lower and middle-class Americans

For tax cuts, two possible paths

Trump to push tax overhaul this week

The president has named Ireland as one of America's worldwide competitors, as he outlined plans for tax reforms. And we are now confident that, without transitioning to a new domestic consumption-based tax system, there is a viable approach for ensuring a level playing field between American and foreign companies and workers, while protecting American jobs and the USA tax base.

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. "We just can't do this anymore with the obstruction and the obstructionists". Trump said to cheers.

"We're here today to launch our plans to bring back Main Street by reducing the crumbling burden on our companies and on our workers", Trump said Wednesday in Springfield, Mo., referencing the historic Route 66 that stretches through America's heartland. The Hill may humor him, but that's about all.

The tax push comes at a politically critical time for the White House and GOP.

"The president is determined to energize the American economy, especially with the necessary tax cuts for job creators - small businesses all across the country who create 70 percent of all new jobs", Job Creators Network President and CEO Alfredo Ortiz said in a statement. Republicans now have the presidency along with both congressional chambers.

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The Republican-led Congress is expected to resume work in September. They know what the obstacle is.

The president will speak at the Loren Cook Company, the largest manufacturer in Springfield, which manufactures ventilation systems.

"In recent years, millions of Americans have watched that prosperity slip away in the rear-view mirror", President Trump said.

Cole added: " You're going to need their vote, and you ought to remember that they're going to be at the table in every major deal you need for the next three years".

The president also said he is pushing for tax relief for middle-class families, "so they can keep more of their hard-earned paychecks".

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Republicans have been vocal advocates for tax reform over the years. But does Republican Congress even get it?

We want a simpler tax code because in America, we are straightforward.

He did not specify how the government would offset the proposed tax cuts, or which loopholes would be eliminated. And if the Republican Congress can not get behind that their president on that unifying message, then it's not merely time to question their party loyalty.

Prior to promoting his tax proposal, Trump began his speech by sending his support to those in Texas and Louisiana who lost their lives and property in the devastating floods from Hurricane Harvey.

The consensus seems to be that as long as tax reform and an infrastructure program are adopted in 2018, everything will be fine. In part, the president was correct in saying this, as he is the first Republican candidate to win the state of since the late 1980s. This should be real easy. They will be proud again, ' he said.

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