10,783. 10/11/2017

POLITICS/TAXES/TRUMP AS PRESIDENT: “President Donald Trump said Wednesday [10-11-17] that average U.S. households could save $4,000 on their taxes if Congress approves his plan to overhaul the federal tax code, the first such estimate the White House has attached to its proposal.
Speaking in Harrisburg, Pa., Mr. Trump said those savings would result from his call to lower tax rates on individuals and on companies that have parked some profits overseas. He attributed that estimate to the Council of Economic Advisers, a White House agency that is expected to release a fuller estimate of Mr. Trump’s tax plan by next week.
Standing in front of an 18-wheeler, Mr. Trump promised to make paying taxes simpler for most Americans, and again vowed to deliver major cuts for the middle class. He also said his tax plan would help spark the economy…
He warned Congress to quickly approve legislation. ‘You better get it passed,’ he told lawmakers.
His speech came at the end of a day in which the president sought to knock down a report that he wanted a 10-fold increase in the nation’s nuclear arsenal, saying such a move was ‘totally unnecessary’ and lashed out at NBC News, which reported the story.”

-Mike Bender, “Trump Touts Tax Plan’s Benefits for Households,” The Wall Street Journal online, Oct. 11, 2017 07:55pm

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