President Trump went from Texas to taxes on Wednesday, following his tour of Harvey's damage with a Main Street-focused pitch in Springfield, Mo., for what he called "pro-American tax reform."
Sounds great, except the plan barely exists. Trump's speech proved heavy on promises and light on specifics, essentially repeating a single-sheet outline for tax reform he debuted in April. Trump called for simplifying the tax code, lowering the rate on overseas profits and slashing the corporate tax rate from 35% to 15%.
"This is our once-in-a-generation opportunity to deliver real tax reform for everyday hardworking Americans," Trump said.
Yet tax reform efforts are barely breathing in Congress — stuck somewhere behind bigger priorities like the budget, infrastructure and health care. Still, Trump seemed excited to talk about Americans' taxes — just don't ask him about his own.
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