Trump starts tax cut campaign in Missouri
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.
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