Trump promotes ‘beautiful’ tax plan
WASHINGTON (AP) — President Donald Trump said Friday that the centerpiece of his plan to help American businesses and workers “thrive, compete and grow” is a “giant, beautiful, massive, the biggest ever in our country, tax cut.”
Trump and congressional Republicans unveiled the broad outlines of the tax plan earlier this week.
“My administration is working every day to lift the burden on companies and workers so you can thrive, compete and grow,” Trump said in a speech to the National Association of Manufacturers. He said the tax cut plan was a core element.
The nearly $6 trillion plan sketched out this week by Trump and other officials would deeply reduce taxes for corporations, simplify tax brackets and nearly double the standard deduction used by most tax filers. But many details remain to be fleshed out.