The Wall Street Journal: Trump claims his tax plan would save average Americans $4,000

President Donald Trump said Wednesday that average U.S. households could save $4,000 on their taxes if Congress approves his plan to overhaul the federal tax code, the first such estimate the White House has attached to its proposal.

Speaking in Harrisburg, Pa., Trump said those savings would result from his call to lower tax rates on individuals and on companies that have parked some profits overseas. He attributed that estimate to the Council of Economic Advisers, a White House agency that is expected to release a fuller estimate of Trump’s tax plan by next week.

Standing in front of an 18-wheeler, Trump promised to make paying taxes simpler for most Americans, and again vowed to deliver major cuts for the middle class. He also said his tax plan would help spark the economy.

“American trucks will glide along our highways — so beautiful will those highways be: smooth, beautiful, no potholes,” he said to cheers. “I know, no potholes. I have many friends in the trucking business and they tell me it’s never been like this…They will be beautiful again — they will be smooth, beautiful highways again.” He warned Congress to quickly approve legislation. “You better get it passed,” he told lawmakers.

An expanded version of this report appears on WSJ.com.

Also popular on WSJ.com.

California’s breakup with the NFL.

Wall Street Journal reporter sentenced to prison by Turkish court.

Filed in: Top News Tags: 

You might like:

America owes millennials an apology — everyone blows their budgets eating out America owes millennials an apology — everyone blows their budgets eating out
The Wall Street Journal: Anbang Insurance Group taken over by Chinese regulators The Wall Street Journal: Anbang Insurance Group taken over by Chinese regulators
Where you sit at the office could influence your next promotion Where you sit at the office could influence your next promotion
NRA backlash: Major bank and car-rental giant are ending partnerships NRA backlash: Major bank and car-rental giant are ending partnerships
Asia Markets: Asian stocks jump to early gains after Dow’s rebound Asia Markets: Asian stocks jump to early gains after Dow’s rebound
What’s better for you: a low-fat or low-carb diet? Scientists have an answer What’s better for you: a low-fat or low-carb diet? Scientists have an answer
The New York Post: Did a Kylie Jenner tweet really prompt Snap shares to tumble? The New York Post: Did a Kylie Jenner tweet really prompt Snap shares to tumble?
MarketWatch First Take: HP Enterprise earnings jolt stock, but there isn’t much to be excited about MarketWatch First Take: HP Enterprise earnings jolt stock, but there isn’t much to be excited about

Leave a Reply

Submit Comment
© 8765 Stock Investors News. All rights reserved. XHTML / CSS Valid.