President Trump Speaks in Springfield

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President Donald Trump on Wednesday began a push to rewrite the US tax code, promising a crowd of manufacturing workers and political supporters that a sharp reduction to the corporate tax rate would benefit the middle class and boost economic growth.

The president said the United States needs a tax code that is simple, fair and easy to understand and that eliminates legal loopholes and the complexities of the current tax system, but he did not provide any details about how he intends to achieve it.

Trump also said tax reforms "would allow America to export more of its goods and less of its jobs".

"We have totally surrendered our competitive edge to other countries", Trump said. Claire McCaskill, D-Mo., a top Republican target in next year's midterm elections. It appears unlikely Democrats will support the eventual Republican tax reform plan, which Trump is scheduled to hammer out with lawmakers next week.

US President Donald Trump says he wants to bring US corporate tax rates closer to Irish levels. It also called for income tax brackets to be set at 10%, 25% and 35%, the latter for the wealthiest Americans, down from the current 39.6% rate.

"After nine months in power, President Trump and Republicans in Congress have failed to provide any solutions to lower the tax burden for working Americans or to make our tax code simpler for small business owners", he alleged.

Trump may ultimately be forced to abandon broad reform in favour of more modest, and temporary, tax relief.

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Terming the storm as "deeply tragic", Trump told all those who have lost their loved ones in the storm that "all of America is grieving with you and our hearts are joined with you forever". "It's time to give American workers the pay raise that they've been looking for many, many years", he said.

Powerful business organizations in the USA, including the Chamber of Commerce and Business Roundtable, are supporting the effort.

Stephen Moore has blamed the loss of USA business to many countries, including Ireland, on the U.S. having "the highest business tax rate in the world". "We want American companies to hire here and make things here".

Republicans are gearing up for a major push to fundamentally overhaul the tax code.

The president's remarks come amid the Job Creators Network's TaxCutsNow campaign launch, which includes a massive weeks-long national bus tour, a nationwide advertising blitz featuring talk radio and television commercials, and social media ads to encourage tax reform.

By eliminating the abundant narrow special-interest provisions in the tax code, we can expand the standard deduction for individuals and lower both the corporate and individual marginal rates.

Former White House Press Secretary Ari Fleischer immediately noted the lack of empathy following Trump's Tuesday visit to Texas.

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