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Trump Urges Congress to Reform Tax Code

September 1, 2017

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The marching orders to Congress from President Donald Trump in a fiery speech in Missouri Aug. 30 were clear: reform the country’s tax code.

Calling it a once-in-a-generation opportunity, Trump told lawmakers on Capitol Hill, urging them to simplify tax policy as a potential way to guarantee a “big, fat, beautiful paycheck” for unemployed workers around the country.

A tax overhaul that leads to a corporate rate of 15% could lead to massive employment growth — and entice corporations to transfer profits they have kept in overseas accounts back to the United States, Trump said. Trillions of dollars in corporate profits are estimated to be stored overseas, he added.

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