Trump promises to “restore America’s competitive edge” through tax reform


President Trump promised to “restore America’s competitive edge” in the global economy by implementing a tax overhaul during a speech Wednesday at Andeavor Refinery in Mandan, North Dakota.

“If the fight is fair, no one on Earth can beat the American worker or the American company,” Mr. Trump told the crowd.

Mr. Trump called the tax code a “self-inflicted economic wound” and promised to simplify it while reducing tax burdens on both individuals and corporations. Lowering taxes has been one of the president’s oft-stated goals since taking office, and his remarks come just as Congress returns from its August recess.

Echoing a speech he delivered from Springfield, Missouri a week ago, Mr. Trump said tax reform would stimulate the economy and create jobs, allowing the U.S. to “re-establish our economic dominance” in relation to other countries. Just as he did in his “tax reform kickoff event” in Missouri, the president broadly outlined the central goals of his administration’s tax reform efforts.

Mr. Trump reasserted his claim that United States companies are forced to “park trillions of dollars overseas” due to high corporate tax rates. In his remarks, he said that he hopes to lower taxes on businesses “as much as possible,” ideally getting the rate down from 35 percent to 15 percent

Read more : CBSNews, 06.09.2017