Trump Outlines Tax Reform Principles in Missouri

One day after visiting Texas to see the effects of Hurricane Harvey and the ongoing response to the disaster, President Donald Trump gave a speech in Springfield, Missouri Wednesday outlining his vision for a tax reform package that Congress is expected to begin work on when it returns next week.

Trump called for a "pro-growth, pro-jobs, pro-worker, and pro-America" plan to “fundamentally reform our tax code for the first time in more than 30 years.” He outlined his four principles for tax reform:

• Tax reform must dramatically simplify the tax code, eliminate special interest loopholes, and be simple enough for taxpayers to file their return on a single page.

• The tax code must competitive and lead to the creation of jobs and higher wages for Americans.

• There should be lower tax rates for middle class families so that they can keep more of their hard-earned paycheck and drive economic growth through saving and spending.

• The tax code should encourage companies to bring back billions of dollars of profits back into the U.S. rather than punishing them through high tax rates.

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— Eric Revell

(Photo Credit: Gage Skidmore via Flickr / Creative Commons)