Will be leaving for Missouri soon for a speech on tax cuts and tax reform – so badly needed!
— Donald J. Trump (@realDonaldTrump) August 30, 2017
Later this afternoon, at 2:30pm to be exact, President Trump will take the stage at the birthplace of ‘Mainstreet USA’, Springfield, Missouri, to kickoff his push for tax reform. But, if you’re expecting details on exactly what your future effective tax rate might be and/or how your mortgage interest deduction might be impacted, then you’re likely in for a ‘yuge’ disappointment.
As Politico points out this morning, Trump’s tax speech has been drafted by White House aide Stephen Miller, the leader of the nationalist arm of the White House staff, as oposed to Chief Economic Advisor Gary Cohn which means it will be heavy of the populist flare and light on the details.
President Donald Trump will launch a major push for a sweeping tax overhaul with a speech Wednesday in Missouri aimed at convincing his base – and the rest of the nation – that he has a fresh vision for ‘unrigging’ the American economy and isn’t just repackaging the trickle-down economics of past Republican presidents.
Wednesday’s speech in Springfield is being built around the sale of tax reform as a populist policy, according to five senior administration officials. The tax speech is being drafted by senior White House aide Stephen Miller, a leader of the nationalist wing of the administration.
This post was published at Zero Hedge on Aug 30, 2017.
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