Trump starts tax cut campaign in Missouri

5 months 3 weeks 2 days ago Wednesday, August 30 2017 Aug 30, 2017 Wednesday, August 30, 2017 9:33:00 PM CDT August 30, 2017 in News
By: Lydia Nusbaum and Kevin Levine, KOMU 8 News Reporters
SPRINGFIELD - President Donald Trump kickstarted his tax reform campaign in the Show-Me state Monday afternoon. 
Trump spoke at Loren Cook Company, which manufactures fans and laboratory exhaust systems. The speech was not open to the public, but  people from the company were able to attend the event.
Gov. Eric Greitens, Lt. Gov. Mike Parson and Representatives Blaine Lieuchtemeyer and Vicki Hartzler were among the guests.
The president started by giving his condolences to those affected by the Hurricane Harvey in Texas and Louisiana.
“We are praying for you and we are here for you every step of the way,” Trump said. “Recovery will be tough, but I have seen the resilience of the American people all across the country.” 
He then switched focus to cutting taxes for businesses and middle class families. 
"We will lower taxes for middle income Americans so they can keep more of their hard-earned paychecks," Trump said. “That means they’ll go out and spend their money and it will be a beautiful thing to watch.” 
Trump said he wants to make the tax code fair, easy and simple, by getting rid of loopholes that benefit only the wealthy and special interest groups. The president said he also wants to lower taxes on businesses to create higher wages. He said business taxes are around 35 percent, and he would like to reduce them to 15 percent. 
Rep. Blaine Luetkemeyer, R-Missouri, said small businesses are struggling because of the regulations and costs. 
“When you reduce the tax rate, that allows the companies to be able to take that money and use it to be more competitive in regards to wages or to be able to lower the price of their products so they can be able to sell more,” Luetkemeyer said. “When all of that happens that benefits the consumer that benefits the worker itself.” 
Trump said, “If we want to renew our prosperity, then we must reduce the tax breaks. We need regulations, but many of them are unnecessary.” 
The president urged Sen. Claire McCaskill to vote in favor of tax reform.
"We must, frankly we have no choice, we must lower our taxes. And your senator, Claire McCaskill, she must do this for you, and if she doesn't do it for you, you have to vote her out of office,” Trump said. 
He said tax reform will give companies a chance to grow and expand.
“I’m calling on Congress to provide a level playing field for our workers and our companies, to attract new companies and businesses to our shores, and to put more money into the pockets of everyday, hardworking people," he said.
Missouri State Treasurer Eric Schmitt said he would continue to look out for opportunities to provide tax cuts. 
“Clearly our tax rate, in my opinion, is too high, and so, to lower that to give working families more take home pay, is a really important public policy decision that needs to be made at both the federal and the state level,” Schmitt said.  

More News

Grid
List
FULTON - The Callaway County Sheriff’s Office is requesting a more than $9,000 grant from the Missouri Department of... More >>
33 minutes ago Thursday, February 22 2018 Feb 22, 2018 Thursday, February 22, 2018 6:20:00 PM CST February 22, 2018 in News
JEFFERSON CITY - For those who watch the winter Olympics and think "I could do that", there is an opportunity... More >>
51 minutes ago Thursday, February 22 2018 Feb 22, 2018 Thursday, February 22, 2018 6:02:00 PM CST February 22, 2018 in News
COLUMBIA – No. 11 Mizzou will look to keep the good times rolling on Senior Night tonight as they tip... More >>
1 hour ago Thursday, February 22 2018 Feb 22, 2018 Thursday, February 22, 2018 4:58:00 PM CST February 22, 2018 in Sports
COLUMBIA - It's the day Tigers fans have been waiting for; the return of Michael Porter Jr. Jon Rothstein... More >>
2 hours ago Thursday, February 22 2018 Feb 22, 2018 Thursday, February 22, 2018 4:50:00 PM CST February 22, 2018 in News
As I have said before, I made a personal mistake before I was Governor. I did not commit a crime.... More >>
2 hours ago Thursday, February 22 2018 Feb 22, 2018 Thursday, February 22, 2018 4:19:00 PM CST February 22, 2018 in News
JEFFERSON CITY - Six Fulton residents were sentenced in federal court for their roles in a conspiracy to distribute more... More >>
2 hours ago Thursday, February 22 2018 Feb 22, 2018 Thursday, February 22, 2018 4:02:00 PM CST February 22, 2018 in News
COLUMBIA - A Missouri lawmaker want to make roads better by raising fees at the DMW and cutting income tax... More >>
3 hours ago Thursday, February 22 2018 Feb 22, 2018 Thursday, February 22, 2018 3:18:00 PM CST February 22, 2018 in News
JEFFERSON CITY (AP) — A Missouri lawmaker who called for the vandal of a Confederate monument to be hanged won't... More >>
3 hours ago Thursday, February 22 2018 Feb 22, 2018 Thursday, February 22, 2018 3:08:00 PM CST February 22, 2018 in News
COLUMBIA - A Tuskegee Airman told stories of his time in a segregated military while speaking at a Black History... More >>
4 hours ago Thursday, February 22 2018 Feb 22, 2018 Thursday, February 22, 2018 2:13:00 PM CST February 22, 2018 in News
COLUMBIA - The head coach of the University of South Carolina's women's basketball team filed a defamation lawsuit Thursday against... More >>
4 hours ago Thursday, February 22 2018 Feb 22, 2018 Thursday, February 22, 2018 2:07:00 PM CST February 22, 2018 in Sports
JEFFERSON CITY - The Jefferson City Fire Department responded to a structure fire on the 2200 block of Oakview Drive.... More >>
5 hours ago Thursday, February 22 2018 Feb 22, 2018 Thursday, February 22, 2018 12:57:00 PM CST February 22, 2018 in News
JEFFERSON CITY (AP) — The chairman of the Missouri House Budget Committee is announcing a proposal to reduce... More >>
6 hours ago Thursday, February 22 2018 Feb 22, 2018 Thursday, February 22, 2018 12:36:05 PM CST February 22, 2018 in News
MACON - Police are asking for help identifying two male subjects thought to be related to an ongoing shoplifting investigation.... More >>
7 hours ago Thursday, February 22 2018 Feb 22, 2018 Thursday, February 22, 2018 11:30:00 AM CST February 22, 2018 in News
ARNOLD (AP) — A man who went to pick up a relative from a suburban St. Louis high school with... More >>
10 hours ago Thursday, February 22 2018 Feb 22, 2018 Thursday, February 22, 2018 8:26:00 AM CST February 22, 2018 in News
SPRINGFIELD (AP) — A former Missouri charity executive has been indicted in a conspiracy that has ensnared a former Arkansas... More >>
10 hours ago Thursday, February 22 2018 Feb 22, 2018 Thursday, February 22, 2018 8:14:00 AM CST February 22, 2018 in News
COLUMBIA - Federal court documents filed Tuesday give details into the past of Coffee Zone's owner. This comes after police... More >>
18 hours ago Thursday, February 22 2018 Feb 22, 2018 Thursday, February 22, 2018 12:28:00 AM CST February 22, 2018 in Top Stories
COLUMBIA - The city is considering an additional audit of Columbia. Every year an audit takes place to make sure... More >>
23 hours ago Wednesday, February 21 2018 Feb 21, 2018 Wednesday, February 21, 2018 7:32:00 PM CST February 21, 2018 in News
CENTRALIA - A bill that would give the city of Centralia the opportunity to increase sales tax by a half... More >>
23 hours ago Wednesday, February 21 2018 Feb 21, 2018 Wednesday, February 21, 2018 6:56:00 PM CST February 21, 2018 in News
Columbia, MO
Broken Clouds 37°
7pm 39°
8pm 39°
9pm 39°
10pm 39°

Select a station to view its upcoming schedule:

Coming Up Next

6:30p
Wheel of Fortune
7:00p
2018 Olympic Winter Games
11:00p
KOMU 8 News @ 10
6:30p
Family Guy
7:00p
Supernatural
8:00p
Arrow

Tonight's Schedule

7:00p
2018 Olympic Winter Games
7:00p
Supernatural
8:00p
Arrow
9:00p
KOMU 8 News @ Nine on The CW
9:30p
Seinfeld