Trump to pitch his ‘prorich’ tax plan to truckers and average citizens

WASHINGTON: US President Donald Trump is scheduled to pitch his tax plan — branded as pro-business and pro-rich — to truckers at a rally in Pennsylvania to portray it as geared towards average Americans.

“Nothing gets done in America without the hard-working men and women of the trucking industry,” Trump plans to say in his speech, a senior administration official told reporters. “America depends on you for the fuel that powers our cars, the produce that nourishes our communities and the beautiful steel that stands up our tallest skyscrapers.”

Trump is expected to lay out his plans contained in a nine-page document he had already released that contained proposals to end estate tax and a onetime concessional rate for repatriation of earning parked abroad by US companies.

“We will eliminate the penalty on returning future earnings back to the US , and we will impose a one-time tax on money currently parked overseas so it can be brought back home to America where it belongs,” Trump is expected to say.