The U.S. president said a cut to business taxes would help truckers because there will be “more products to deliver and more contracts to fill.” He also said his plan would benefit middle-class families.
U.S. President Donald Trump pitched his tax plan as a boost for truckers at an event in Pennsylvania on Wednesday, saying “America first means putting American truckers first.”
Trump appeared before about a thousand cheering people at an airplane hangar dramatically draped with American flags. Two big rigs were in the background.
“It will be rocket fuel for our economy,” Trump said of a plan that would dramatically cut corporate tax rates from 35 per cent to 20 per cent, reduce the number of personal income tax brackets and boost the standard deduction.
Trump said a cut to business taxes would help truckers because there will be “more products to deliver and more contracts to fill.” He also said his plan would benefit middle-class families by lowering rates, creating new jobs and making it easier for business owners to pass companies on to their children.
“So many people have come up to me and said give it to the middle class, give it to people who need it,” Trump said.
President Donald Trump claimed Wednesday that his tax cuts would leave Americans with cash burning a hole in their pockets.