President Trump Advocates for Tax Reform
In a speech intended to rally support for tax reform, President Trump outlined his commitment to simplifying the tax code, lowering corporate and individual rates and instituting a repatriation tax. The president reiterated that the corporate rate would “ideally” be lowered to 15 percent and referenced lowering taxes to help the middle class “afford childcare and the cost of raising a family.” The speech was not intended to lay out detailed proposals but rather to drive support as the administration has indicated that Congress will draft the tax reform plan.
Read more: Trump pitches tax reform to ‘bring back Main Street; Remarks by President Trump on Tax Reform, Springfield, MO