President Trump told a conservative think tank Tuesday night that his tax plan was "a once-in-a-generation opportunity to revitalize our economy, renew our industry, and renew the American dream." In his speech to the Heritage Foundation's President's Club, Trump implored his audience to contact their Congress member and "give America the best present of all: massive tax relief." The president was frequently interrupted by applause, and some in the audience broke into cheers when Trump promised his plan would repeal what he called "the horrible and very unfair estate tax." Trump's tax plan would lower the corporate rate from 35 percent to 20 percent, reduce the number of individual income tax brackets and double the standard deduction. Trump touched on other topics during his speech, which lasted approximately 25 minutes.

Source: Fox News October 18, 2017 00:51 UTC