Trump to seize populist mantle for pitching messy tax overhaul - Source Politico

Donald Trump FEMA

But Trump offered only broad outlines of what the tax code would look like if his tax reform gambit succeeds, as GOP congressional leaders and the White House have yet to reach an agreement on the details of the tax plan.

Trump also took a few stabs at the hard argument that cutting corporate rates would lead to job creation and benefits for people other than just the very rich.

Tax reform was a major campaign promise for Trump and his Republican allies in Congress past year.

Speaking at the Loren Cook Company factory, Trump promised a tax reform plan that would lead businesses to bring millions of jobs back to the U.S.

Pascrell also floated the possibility that Trump's global business empire might benefit from his tax plan, though no one can know "until the President releases his tax returns" - a step Trump has refused to take.

"We must, we have no choice, we must lower our taxes. And I don't want to be disappointed by Congress, do you understand me?"

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The officials, who asked not to be identified during a conference call with reporters, said those ideas would make for a "bipartisan" message because the notion of a rigged economy cuts across the spectrum of US political ideology.

Quade said democrats are working to get a veto override of House Committee Bill Three, recently vetoed by Governor Eric Greitens. Tax reform legislation, if successful, would be Trump's first major legislative victory, and lawmakers have a window of only several months before their attention shifts to election campaigns, The Hill reported on Wednesday.

Trump said that if the US doesn't change it's tax system, "jobs and our country cannot take off the way they should - and it could be much worse than that".

"I think Congress is going to make a comeback", Trump said. Claire McCaskill - up for re-election next year - is "opposed to big tax cuts" and said a "Republican will win" the state.

Some Republicans have complained that Trump's public efforts are coming late in the legislative year. Households in the middle fifth would lose an average of $1,500 once the costs of paying for the Trump tax cuts are counted.

The speech is unlikely to provide new details about a tax plan Trump's aides and Republican leaders in Congress are trying to hammer out in closed-door meetings in Washington.

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