Trump remains committed to fixing America’s tax system

Trump remains committed to fixing America’s tax system

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The White House-Daily update

President Donald J. Trump is committed to fixing our broken tax system. The President is working to reform our tax system so that Americans are treated fairly and can keep more of their hard-earned money, and companies can bring jobs back to the United States. “We believe every-day Americans know better how to spend their own money than the federal bureaucracy, and we want to help them keep as much of that hard-earned money as we can,” said President Trump

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President Trump Meets with Cabinet Members
Yesterday, President Trump and his Cabinet met at the White House to discuss critical domestic policy issues. The President highlighted the unemployment rate at an almost seventeen-year low, the stock market soaring to record levels, and GDP growth of more than three percent last quarter. However, America’s broken tax code is costing us millions of jobs and trillions of dollars. It’s time to restore America’s competitive edge and pass historic tax cuts for the American people. “The economy cannot take off like it really has the potential to do unless we reduce the tax burden on the families, businesses, and workers of our country,” said the President.

See the President’s opening remarks here.

Unified Framework for Fixing our Broken Tax Code 
President Donald J. Trump, the House of Representatives Ways and Means Committee, and the Senate Finance Committee are proposing vital tax relief to strengthen the middle class, grow the economy, and unleash America’s economic comeback. The America first tax relief plan includes:

  • Tax relief for middle-class families
  • The simplicity of “postcard” tax filing for the vast majority of Americans
  • Ending incentive to ship jobs, capital, and tax revenue overseas
  • Broadening the tax base and providing greater fairness for all Americans by closing loopholes

Get the facts on what tax reform can do for American families, businesses, and manufacturers.

Vice President Talks Economy with Japan’s Deputy Prime Minister 
Monday afternoon, Vice President Mike Pence met with Japan’s Deputy Prime Minister Tarō Asō in the Indian Treaty Room of the Eisenhower Executive Office Building for the second round of the U.S.-Japan Economic Dialogue. The Vice President traveled to Japan in April to launch the dialogue. Joined by Secretary of the Treasury Steven Mnuchin, Secretary of Commerce Wilbur Ross, US Trade Representative Bob Lighthizer, and US Ambassador to Japan Bill Hagerty, the Vice President stated, “We believe this dialogue has the potential to significantly deepen our bilateral economic ties, and produce jobs, prosperity, and growth on both sides of the pacific.” Next month, President Trump will be visiting Japan on his travels to Asia.

Read more here.

PHOTO OF THE DAY

President Donald J. Trump | October 16, 2017 (Official White House Photo by D. Myles Cullen)

POTUS AND VP TODAY

Today, President Trump welcomed Prime Minister Alexis Tsipras of Greece to the White House to discuss a range of bilateral and regional issues, including defense cooperation, economic investment, energy security, and the strong cultural ties that have bound Americans and Greeks together. After a working luncheon, they held a joint press conference from the Rose Garden. In the afternoon, the President will participate in a Diwali ceremonial lighting of the Diya. Later, President Trump will deliver remarks on his “pro-growth, pro-jobs, pro-worker, pro-family, and pro-America” tax plan. Watch live at 7:10pm EST.

Vice President Pence is in Buffalo, New York, where he will meet with local businesses, community leaders, and families to discuss the need for tax reform that promotes American economic prosperity.

COMING UP

On Wednesday, Second Lady Karen Pence will be in Florida to announce her art therapy initiative, Art Therapy: Healing with the Heart.

On Friday, First Lady Melania Trump will present her inauguration gown to the Smithsonian. Designer Hervé Pierre will join the First Lady as the gown is added to the Smithsonian Museum of American History exhibit of inaugural dresses.

Source

MORE NEWS FROM THE WHITE HOUSE

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