President Trump visits Springfield, Mo. to speak about tax reform

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Hurricane Harvey Harvey casualities Houston Houston airport closed hurricane harvey harvey Houston airport waterlogged indian express

The White House has not yet released a detailed tax reform plan.

Reiterating a campaign theme, Trump will say in his speech, scheduled for 2:30 p.m. EDT (1830 GMT), that the US economy is "rigged" to favor the privileged few and urge closing loopholes for the wealthy and special interests to help "Main Street".

President Donald Trump will speak at a Springfield manufacturing facility in a private event Wednesday. The tax code hasn't seen a large-scale reform in three decades.

He said he hoped Congress would not disappoint on this campaign, appealing to Democrats and Republicans to work together. And your senator, Claire McCaskill, she must do this for you. "She's gotta make that commitment".

They also say they want the plan to be deficit neutral, which would force lawmakers to identify how they might make up for any lost tax revenue.

"Under this plan, the richest Americans would become even richer at the expense of middle-class families", Perez said in a statement.

"These are folks who rely on these services to get out of bed everyday, to go to work, to be productive members of society and, most importantly, to have dignity", she said.

"We will endure and we will overcome", he said, praising first responders who "saved countless lives".

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While the current Trump tax plan largely mirrors his campaign plan, one big change is its proposal for a "territorial" tax system, which would exempt the foreign profits of us multinational corporations from USA taxes.

"They have to do it", he said in a speech on Wednesday. The topic is tax reform.

Trump's attempt to turn the national conversation to tax reform comes as the spotlight is firmly fixed on the disaster still unfolding in Texas and Louisiana, where hurricane damage and flooding continues to sending tens of thousands of people from their homes.

Democrats wasted no time on Wednesday hammering President Trump's proposed tax reform, saying the plan is merely created to benefit the wealthy at the sacrifice of everyone else.

"And I'm speaking against myself when I do this, I have to tell you", he said. "That was below the average rate for developed countries at the time", Trump said.

And after the Republican plan on healthcare stalled, he warned Congress not to let him down again.

With Republicans still reeling from their failed effort to dismantle the Affordable Care Act, popularly known as Obamacare, Trump's remarks could bolster tax reform as a priority for Congress.

Tax reform was at the core of Trump's economic proposals during his campaign and aides said it's an issue Trump feels he can effectively pitch to the public.

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