Donald Trump says U.S. is behind Ireland in corporation tax; promises change

Donald Trump says U.S. is behind Ireland in corporation tax; promises change

Donald Trump says U.S. is behind Ireland in corporation tax; promises change

"There's most agreement in the Republican family about tax reform, then there is about health care, there's more bi-partisan support to fix the broken tax code", said Portman. This was a major campaign pledge that remains short on detail and a long way from becoming law.

McCaskill issued a statement days before the visit saying she was optimistic that she would find "common ground" with President Trump in the area of tax reform.

Trump said he plans to work with congress on a plan to reform the United States tax code to make it "pro-growth, pro-jobs, pro-worker and pro-American".

"It's time to give American workers the pay raise that they've been looking for for many, many years", Trump said in explaining his desire to slash the corporate tax rate to 15 percent, down from the current statutory rate of 35 percent.

"I don't want to be disappointed by Congress", he continued.

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"They've been the forgotten people, but they're not forgotten anymore, I'll tell you that".

Trump has already created "one million new jobs", and the nation has a 2.6 percent economic growth for its second quarter, and the Dow is at historic highs, so it's time for reform, said Bossie. "And there was something missing from what President Trump said - I hope he will say it later today - but that's the empathy for the people who suffer".

Trump said his "globally competitive" tax reforms are based on four principles.

Again, the idea of lower taxes is sure to be popular.

The President classified his ideas as "pro-American tax reform" that will allow companies to hire in the US and expand at home, not overseas.

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Large companies keeping profits overseas do so to keep from paying high American taxes, Trump said.

While wealthy taxpayers pocket more, the federal government does not. "We want American companies to hire here and make things here".

Trump argued that the rest of the world subsequently lowering their tax rates demanded more corporate tax cuts in the United States.

Though the president isn't expected to be very specific, he will focus on changes that benefit working-class individuals, small-business owners and middle-income families, according to the White House official. He called on supporters to vote her out of office if she does not work with congress and the president on tax reform.

His remarks come as the debate over tax reform heats up among congressional leaders ahead of their return from the August recess.

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