Live
- Grenade attack: Ultras arrested
- Veteran BJP leader: Advani turns 97
- SC dismisses PIL seeking CBI probe into Tirupati laddus row
- New bench to decide AMU minority status: SC
- No power can restore Article 370 in J&K: Modi
- India deserves to be on list of global superpowers: Putin
- Caste census to draw quota system based on population
- A walk to rejuvenate Musi
- Kiran Abbavaram's Hard Work Pays Off: Bunny Vasu Lauds Ka Team at Success Meet
- PM Modi’s welfare schemes transform rural lives in Bokaro, residents share gratitude
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.
