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Donald Trump Snubs Gary Cohn in Tax Policy Speech; Praises Daughter Ivanka

31 August 2017

President Donald Trump will kick off the Republican plan to reenact major changes to the us tax code with a speech in Missouri Wednesday, in an effort to galvanize the American people behind one of his administration's chief legislative agendas. "Instead of trying to benefit themselves, Trump and Republicans should work with Democrats to enact real, bipartisan tax reform for the middle class". "There's a lot of Missourians who are down there as first responders trying to help with the situation", Webber said.

His administration is pushing for a simpler tax code and lower rates, but it has said it will leave the details of the proposal to Congress. Claire McCaskill (D-MO) out of office if she refused to support slashing the corporate tax rate.

But he also injected the official White House event with a purely political message aimed at Missouri Democratic Sen.

"And I'm speaking against myself when I do this, I have to tell you", he said.

Trump also welcomed praised and thanked his daughter Ivanka Trump, who was in the audience.

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But officials of the USA -led coalition said they will continue to monitor the convoy and aren't ruling out more airstrikes. U.S. officials confirmed the airstrikes took place to prevent buses carrying armed ISIS fighters continuing eastward.

Republicans are hoping to pass a 2018 budget resolution that includes special procedural language allowing GOP leaders to move a tax-reform bill through the Senate with just a simple majority - a move that would erase the Democrats' filibuster powers.

"Anybody I forgot?" Trump asked, before continuing with his speech.

When it comes to the content of the tax reform overhaul, Cohn reiterated some of the key principles laid out earlier this year by the White House, including the elimination of most personal deductions, with the exception of charitable, mortgage and retirement. "That was below the average rate for developed countries at the time", Trump said.

The outline included: replacing the seven existing income tax brackets with three containing new rates of 10 percent, 25 percent, and 35 percent, based on someone's income; doubling the standard deduction used to reduce their taxable income; eliminating the alternative-minimum and the estate taxes; and dropping the corporate tax rate to 15 percent from 35 percent.

Republicans quickly embraced Trump's pitch, vowing to work with the president to get a tax rewrite to his desk.

Donald Trump Snubs Gary Cohn in Tax Policy Speech; Praises Daughter Ivanka