TAXES/TRUMP AS PRESIDENT: “After months of vague promises of a sweeping tax overhaul, President Trump is expected on Wednesday [8-30-17] to begin a public push to enact the ambitious plan, which still lacks many crucial details.
In a speech in Springfield, Mo., Mr. Trump plans to lay out the case for cutting taxes for businesses and individuals and for simplifying the tax code, according to White House and congressional officials familiar with his message, who insisted on anonymity to describe it in advance. The president also plans to argue that doing so will yield economic growth, persuade companies to keep jobs and profits in the United States and allow working Americans to keep more of the money they earn.
But beyond aspirational pledges and broad justifications for the deep business tax cuts he has proposed, the president is expected to offer few specifics about the plan he is pitching, people briefed on his speech said. It will be up to lawmakers in Congress to hash out the particulars of a complex and politically difficult bill, they said.”
-Julie Hirschfeld Davis, “Trump Speech in Missouri Expected to Lay Groundwork for Tax Overhaul,” The New York Times online, Aug. 30, 2017