Gage Skidmore [CC BY-SA 3.0 (http://creativecommons.org/licenses/by-sa/3.0)], via Wikimedia Commons
WASHINGTON — President Donald Trump spoke to a large group of manufacturers Friday and pitched his proposed tax reform as “rocket fuel” for the American economy.
“Under my administration, the era of economic surrender is over – and the rebirth of American industry has begun,” Trump said in his remarks to the National Association of Manufacturers (NAM).
The While House unveiled a tax framework this week that would reduce the amount of individual tax brackets, cut the corporate rate, increase the standard deduction and expand child tax credits. “The biggest ever in our country,” Trump called the plan.
“President Donald Trump has delivered on his commitment to put the full weight of the White House behind bold tax reform. Now is the time to think long term and act boldly. Our future depends on it, ” NAM president and CEO Jay Timmons said in a statement.
Source: Daily Caller