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New campaign: Trump touts 4-point tax reform plan

01 September, 2017, 03:28 | Author: Kristen Ingram
  • President Donald Trump

Trump launched his campaign with a rally at a Springfield, Missouri, manufacturing plant on Wednesday promising workers lower taxes, reports Efe news.

"What I like most about how Trump is handling his job as president is how he's too incompetent and reactive to successfully implement his destructive agenda", said one 30-year-old woman who took the survey.

"It's hard for American businesses to compete globally and create more jobs domestically when the US tax rate is the highest of any developed country", Stephens commented. President Donald Trump himself has said it will be "the biggest tax cut since Reagan".

The president identified high business tax rates as the reason companies based in the United States choose to do business overseas. 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.

While the findings are sharply divided along partisan lines - with 15 per cent of Republicans describing Trump as "tearing the country apart" and a whopping 93 per cent of Democrats saying he is - only 33 per cent of voters overall said they believe the president is "drawing the country together", the Fox News poll revealed on Wednesday.

Congress will need to work with the White House to streamline their priorities and focus on reviewing the tax code. Republicans control both chambers of Congress, but there is hardly a consensus on tax reform, and talks on the issue is set to be arduous.

The reproduction of the story/photograph in any form will be liable for legal action. He called on members of both parties to work with him on a "once-in-a-generation opportunity to deliver real tax reform for everyday hardworking Americans".

AT&T reiterated its support for tax reform Thursday, just as President Donald Trump laid out a broad-strokes plan to slash rates and alleviate what he called "the crushing tax burden" holding back companies and workers. "Do you understand me?"

According to a 2017 report by the Institute on Taxation and Economic Policy, Fortune 500 companies are dodging up to $767 billion in USA federal income taxes by keeping more than $2.6 trillion of their profits offshore. Second, repatriate $2.5 trillion of money held by American companies back to the United States at a 10 percent tax rate.

Missouri's democratic senator Claire McCaskill, who faces a reelection fight in 2018, was singled out for the Trump treatment. "And if she doesn't do it for you, you have to vote her out of office", Trump said.

The economy has been bright spot for Trump's troubled presidency, with unemployment rates falling and growth rates reaching their fastest clip in over two years.

Without taking into account factors such as education policy, or the fact that Irish firms employ as many people in the U.S. as US firms do in Ireland, Trump appears to believe it is all down to the money.

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