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October 11, 2017

Trump Will Deliver Speech Pushing Tax Reform to Hand-Picked Group of Truck-Drivers in Harrisburg Pennsylvania

He's speaking to truckers because, like farmers, they are often hit with a death tax bill the company can't pay (they have a lot of equipment, not a lot of cash) and wind up having to sell off assets.

He'll speak in a hangar with a lot of big rig trucks around him, which is good theatrics.

Trump also will devote a significant portion of his speech to truckers, a "major beneficiary" of the tax plan, which proposes to lower the corporate tax rate to around 20 percent, although Trump hopes to see that number at 15 percent, a senior White House official told PennLive.com.

The tax alleviation would also allow manufacturers to spend more on production, thus providing truckers with more driving opportunities.

In addition, Republican lawmakers are also looking to reframe the current individual tax rate, from 39.6 percent to 35 percent, as well as simplify the complex tax code, and "deliver the lowest tax rates on businesses in modern history," Rep. Kevin Brady, R-Texas, head of the tax-writing House Ways and Means Committee, told reporters on Capitol Hill.

He'll also be pushing his plan to lower rates for repatriating American companies' money which is parked overseas, outside the American economy, and won't be brought back in because the tax rates for doing so are too forbidding. He'll say that the secondary effects of bringing trillions of dollars back into the US will result in $4000 benefit for each American family.

The speech is planned to start at 5:45.

I think FoxNews will be airing the speech here, but I'll have to check back when the speech starts. Fox puts up the link for its live-streamed speeches very late, which often makes me just link CNN, even though they're #FakeNews.

Livestream: Fox finally put it up.



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posted by Ace at 05:42 PM

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