President Donald Trump delivered a speech to promote tax reform Wednesday, just months after the GOP’s efforts to repeal and replace Obamacare crashed and burned.
Trump announced the speech on Twitter Wednesday morning, saying tax cuts and reforms are “so badly needed!”
‘Will be leaving for Missouri soon for a speech on tax cuts and tax reform – so badly needed!’
During his opening pitch to a crowd in Missouri, President Trump said:
‘We’re here today to launch our plans to bring back Main Street by reducing the crumbling burden on our companies and on our workers. The foundation of our job creation agenda is to fundamentally reform our tax code for the first time in more than 30 years.’
Throughout the campaign, Trump long promised to overhaul the U.S. tax system, making tax reform one of his biggest campaign promises. According to CNBC News, Congress will put a tax plan through the legislative process this September. However, this is much later than the Trump administration had hoped.
Trump spoke at Loren Cook Company, which makes fans, blowers, and exhaust systems. Located in Springfield, Missouri, the birthplace of Route 66, is often referred to as “The Main Street of America,” CBS News adds.
He outlined four areas for tax overhaul:
- Simplifying the tax code
- Eliminate special interest loopholes
- Tax relief for middle class families
- Cutting the corporate tax rate to keep business operations within the United States
Trump then went on to say:
‘Our tax system should benefit loyal hard-working Americans and their families.’
Before his closing remarks, he passed the onus for fulfilling tax reform back on Congress by saying:
‘I don’t want to be disappointed by Congress. I think Congress is going to make a comeback, I hope so. You know what? The United States is counting on it.’
After the implosion of TrumpCare and the GOP’s failure to get on the same page and pass health care legislation, all eyes will be on them as they try to take a stab at tax reform.
You can watch the president’s comments on tax reform in the video below, available via YouTube:
Featured Image is a screengrab via YouTube.