By: Earnest Jones | 03-20-2017 | News

President Trump Promises Biggest Tax Cut Since Reagan

President Donald Trump’s proposed tax will rival the one Ronald Reagan introduced and passed his first year in office back in 1981.The White House announced in February that the plan would be ready in a couple of weeks. President Trump said that it will be ready around March.President’s spokesman has said that the plan will be presented to Congress in late spring to summer. Trump’s administration is waiting for Congress to pass the healthcare reform. President Trump said that he is still working on the tax plan.President Donald Trump is promising to introduce the largest tax reduction in American history. Trump revealed his plans in a Fox News interview. He said that most people will be impressed by his plan.President Trump took the Oval Office by storm. Capitol Hill was slow in approving his Cabinet. This led to legislative delays.The White House is currently focusing on completing the healthcare reform.Sean Spicer, who is the Press Secretary, said that Trump’s administration is going to finalize on the tax reform after completing the healthcare. He told the Irish Independent newspaper that the tax cut will be presented around late spring to summer.There are 237 Republicans in the House. 216 votes are needed to send up the Obamacare replacement to the Senate.The House Speaker Paul Ryan told Fox News on Sunday that he feels very good about the legislation and He expects it to pass.President Trump has promised to introduce large reforms to the nation’s tax structure. He says that it will help corporations and the low-to-middle income Americans.He told Fox News that his administration is going to introduce big reductions, He’s going to bring the business down from 15% to 20% from 36% and 38% and even higher.He also said the U.S. is the highest taxed nation in the world. He said, he’ll get rid off brackets. From 7 to 4 or 3 brackets.President Trump said that Americans with limited income may pay nothing in taxes. He said that he’d like to see zero if one doesn’t make much. President Trump said that the plan has not been completed, adding that he’s working on the different numbers at the moment.

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