Broad outlinesTrump's pitch leaned heavily on the economic benefits he said tax reform could deliver and aimed to get ahead of Democratic criticism that Trump's tax reform plans would disproportionately benefit the wealthiest Americans, as independent tax experts have estimated. The criticism still flowed in, with Democratic National Committee Chairman Tom Perez saying that Republican tax reform proposals "would overwhelmingly benefit the super-rich and corporations over hardworking Americans." Instead of trying to benefit themselves, Trump and Republicans should work with Democrats to enact real, bipartisan tax reform for the middle class." A White House official said Trump would again address the disaster during his tax reform remarks. The Trump administration outlined the broad strokes of its proposal for tax reform in April, proposing slashing the number of tax brackets from seven to three and bringing the corporate tax rate down to 15%.

Source: CNN August 30, 2017 16:22 UTC