President Trump today in a speech in Springfield, Missouri, broadly set out his vision for reforming the tax code. He said that this was a once in a generation opportunity for “real tax reform” and advocated a tax code that was pro-growth, pro-jobs, and that would reduce the tax burden on companies and workers.
The president set out four principles for tax reform:
The president reiterated his call for a corporate tax rate of 15%, and he offered that a lower tax rate on businesses would make the United States “highly competitive” while also helping keep and create jobs.
Read a release from the White House on the president’s speech.
Treasury Secretary Steven Mnuchin released a statement following the president’s speech on tax reform, noting that the president had “…reaffirmed his commitment to deliver meaningful tax reform to the American people that is focused on growing the economy, stimulating job creation, increasing wages, revitalizing small businesses, and expanding economic opportunity for all Americans.”
The Treasury Secretary said that the tax code must be made “…fairer by leveling the playing field for American workers and job creators, in order to grow the economy and reinvest trillions of dollars back into our country.”
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