Live
- Nitish reaffirms his commitment to NDA, reiterates joining Mahagathbandhan was a mistake
- PKL Season 11: U Mumbai meet UP Yoddhas in opening clash of exciting second leg in Noida
- Cong divides people on caste & religion lines for political gains: Shahnawaz Hussain
- Pushpa-2: The Rule to Launch Grand Promotional Tour Across Seven Indian Cities
- Maha polls: Congress accuses BJP of pursuing ‘divide and cut’ policy to divert attention
- His currency supply has ended: Ashwini Choubey's jibe at Tejashwi
- Rahul Gandhi should feel ashamed, his ancestors did nothing for tribals: Babulal Marandi
- Avoid challenging constitutional institutions: VP Dhankhar
- Maha polls: BJP hurls questions at INDIA bloc amid Ulema Board's conditional support to MVA
- Regional rural banks must empower MSMEs via flagship govt schemes: FM Sitharaman
Trump accuses Democrats of opposing tax cuts, boasts his tax plans
United States President Donald Trump on Thursday accused the Democrats of opposing the tax cuts and boasted the \"great reviews\" his tax plans have received.
Washington D.C. : United States President Donald Trump on Thursday accused the Democrats of opposing the tax cuts and boasted the "great reviews" his tax plans have received.
"Democrats don't want massive tax cuts - how does that win elections? Great reviews for Tax Cut and Reform Bill," Trump tweeted.
Democrats don't want massive tax cuts - how does that win elections? Great reviews for Tax Cut and Reform Bill.
— Donald J. Trump (@realDonaldTrump) September 28, 2017
Trump has unveiled a Republican framework for tax reform that calls for sweeping tax cuts and a simplification of the tax code.
"This is a once-in-a-generation opportunity, and I guess it's probably something I could say that I'm very good at," the CNN quoted Trump, as saying, during remarks in Indiana.
"I've been waiting for this for a long time. We're going to cut taxes for the middle class, make the tax code simpler and more fair for everyday Americans. And we are going to bring back the jobs and wealth that have left our country and most people thought left our country for good," he added.
The President further said that his tax cut proposal wouldn't help the country's wealthiest taxpayers, like himself, as he promised to strip away tax breaks and loopholes.
The tax reform framework proposes cutting the top income tax bracket from 39.5 per cent to 35 per cent, though the plan gives congressional committees latitude to create a fourth, higher income tax bracket.
Trump's proposal also offers write-offs for companies that move their manufacturing plants to the U.S. and would incentivise the repatriation of "trillions" of dollars in US companies' profits stashed in tax havens overseas.
