Trump touts ‘his­toric tax re­lief’ plan in bid to over­haul sys­tem

The Oneida Daily Dispatch (Oneida, NY) - - Weather -

IN­DI­ANAPO­LIS » Pres­i­dent Don­ald Trump promised “his­toric tax re­lief to the Amer­i­can peo­ple” on Wed­nes­day as he tried to build mo­men­tum be­hind his plan to over­haul the na­tion’s tax code and re­vive his mori­bund leg­isla­tive agenda in Congress.

Hours af­ter the White House and con­gres­sional Repub­li­cans re­leased a frame­work for mak­ing sweep­ing changes to the tax sys­tem, the pres­i­dent told hun­dreds of sup­port­ers at the Indiana State Fair­grounds the plan was “a once-in-a-gen­er­a­tion op­por­tu­nity.”

“We’re do­ing every­thing we can to re­duce the tax bur­den on you and your fam­ily,” he said.

The tax plan seeks to slash the cor­po­rate rate from 35 per­cent to 20per­cent and cre­ate three in­di­vid­ual tax brack­ets with rates of 12 per­cent, 25 per­cent and 35 per­cent, with a rec­om­mended sur­charge on the very wealthy. Trump wants to sim­plify the tax code to al­low most Amer­i­cans to file on a sin­gle sheet of pa­per.

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