Exposing Hillary So She Won't Get Elected

Trump Calls on Congress to Reform Tax Code to Give America a Competitive Edge

While speaking at a rally in Springfield, Missouri, on Wednesday, President Donald Trump outlined his vision for a new “American” economic model that would prioritize American interests by promoting hiring American workers and investing in the United States’ economy.

Trump told an audience at Loren Cook Company, a ventilation systems manufacturer, that the United States had lost its “competitive edge” after former President Ronald Reagan cut taxes. While other countries filed suit, the United States didn’t follow up with lower tax rates to out-compete.

That, Trump suggested, slowed economic growth and blocked American businesses from increasing workers’ pay. Other countries were, in Trump’s words, “taking us to the cleaners.”

Trump’s solution was to, among other things, renegotiate the North American Free Trade Agreement (NAFTA) and to remove bureaucratic as well as punitive barriers to companies returning profits to the United States.

Trump’s tax reform would slash the corporate tax rate as well to 15 percent. When American businesses had more money, Trump argued, workers received higher incomes.

Businesses wouldn’t be the only ones to see a reformed tax code. Part of Trump’s reform would also simplify the tax code so that Americans could complete their filings on a single page and without having to seek the assistance of an accountant.

Middle-class families, Trump said, were the “forgotten” people, but he said that would change under his administration.

The president pressured Congress to get tax reform passed and not to let America down. Yet it’s unclear whether the president can get tax reform through a Republican-controlled Congress that didn’t even pass a repeal of Obamacare.

Congressional Republicans see Trump as a liability in the push for tax reform after the president made controversial comments about events that took place in Charlottesville, Virginia. Trump also publicly blamed congressional Republicans for recent legislative failures.