Two days ago President Trump gave an impassioned speech calling for members of Congress to come together and reform the tax code.
“Today I’m calling on all members of Congress — Democrat, Republican and independent — to support pro-American tax reform,” he said. “They have to do it.”
Trump’s goal is to “relaunch” Main Street America by “reducing the crushing tax burden on our companies and on our workers.” It’s a laudable goal, and one that would no doubt jumpstart the American economy and promote job growth:
So this is our once-in-a-generation opportunity to deliver real tax reform for everyday hardworking Americans, and I am fully committed to working with Congress to get this job done. And I don’t want to be disappointed by Congress, do you understand me? Do you understand? (Applause.)
Congress — I think Congress is going to make a comeback. I hope so. (Laughter.) I tell you what, the United States is counting on it. (Applause.)
Here are my four principles for tax reform: First, we need a tax code that is simple, fair, and easy to understand. (Applause.) That means getting rid of the loopholes and complexity that primarily benefit the wealthiest Americans and special
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