Trump Vows 'Great Detail' on Tax Reform in Next 2 Weeks

Saul Bowman
September 7, 2017

Secretary of Treasury Steve Mnuchin has said both he and the president would like to have a draft of tax reform before 2017 comes to a close. Burgum, a first-term Republican, said the US tax code is "long overdue for reform".

According to a report from the Congressional Budget Office, when taking out various deductions and tax breaks for corporations, the USA ranked fourth among G-20 countries in effective corporate tax rates - what countries actually pay.

In the meantime, the White House will continue its messaging campaign to ramp up public support for a tax reform push - something Trump wasn't as active in doing during the failed attempt to repeal and replace President Barack Obama's health care law.

Heitkamp is among 10 Democrats in states Trump carried who are up for re-election in 2018.

North Dakota Gov. Doug Burgum echoed sentiments made by the president, saying that a simplified tax code would help taxpayers and stimulate business growth.

TRUMP: "This is a major, major tax cut".

Like last week, Trump is not expected to delve into the details of the tax reform proposals congressional Republican leaders are mulling, two senior administration officials said Tuesday.

Trump is hoping to gain Democratic support for a proposal that most likely will revolve around slashing tax rates paid by businesses to try to make the US more globally competitive.

Mr. Trump said America needs tax reform to jumpstart the economy and create millions of new jobs. Claire McCaskill stayed away.

"It's time for Congress to provide a level playing field for our workers, to bring American companies back home, to attract new companies and businesses to our country, and to put more money into the pockets of everyday hardworking people", he wrote.

Democratic Sen. Heidi Heitkamp and Republican Sen.

It was at the 1964 National Republican Convention in San Francisco when I heard President Reagan talk about tax burdens and how no nation in history has ever survived a tax burden that overtops a third of its national average income. "We welcome this opportunity, and we hope the president will spend as much time listening to our concerns as he does selling his agenda".

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