Trump Announces New Tax Plan

tax

Wednesday, President Trump promised extreme tax cuts as he showed off Republicans’ newly unveiled tax reform plan, arguing the push to re-write the tax code would fuel “America’s economic comeback.”

“These tax cuts are significant,” the President said during a speech at the Farm Bureau Building in Indianapolis. “There’s never been tax cuts like we’re talking about.”

Republicans earlier Wednesday released the framework of their plan that was written by House and Senate lawmakers with the help of the Trump administration. Trump used his speech in Indiana to begin applying public pressure on lawmakers, specifically Democrats,  to get on board.

“Call your congressman. Call your senators,” Trump said. “Let them know you’re watching, let them know you’re waiting. Tell them that today is the day for decision. That now is the time to heal this self-inflicted economic wound.”

He added, “If you demand it, the politicians will listen.”

As part of his effort to woo the other side, Trump invited Indiana Democratic Sen. Joe Donnelly to fly with him on Air Force One. But the President also warned in jest that if Donnelly doesn’t support the plan, “We will come here, we will campaign against him like you wouldn’t believe.”

The plan would simplify the tax system, cut rates and nearly double the standard deduction used by most Americans. Trump sold it as the biggest tax cut in U.S. history.

“Over the next few months, the House and Senate will build on this framework and produce legislation that will deliver more jobs, higher pay and lower taxes for middle-class families, for the working man and woman, and for businesses of all sizes,” the President said.

Getting any substantial Democratic support will be a difficult task. Already, party leaders were panning the proposal, with House Minority Leader Nancy Pelosi, D-Calif., saying in a statement: “Republicans’ tax framework is not tax reform, it is a framework that gives away the store to the wealthiest, while sticking the middle class with the bill.”

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Austin O'Lay

Austin is a conservative college student with a passion for journalism and politics. In his writing he likes to inform readers about current events and noteworthy news stories from the American political world. If you have any questions or would like to contact him, he can be reached at austin@halseynews.com or on Twitter @AustinsAspect.