United States President Donald Trump said that his government is planning to overhaul the tax reforms, which would prove to be beneficial for lower- and middle-class Americans.
The President only stated the broad outlines of what the tax code would look like, if his plans succeed and added that the White House have yet to reach an agreement on the same, reported CNN.
"We're here today to launch our plans to bring back Main Street by reducing the crumbling burden on our companies and on our workers," Trump said in Springfield, Missouri.
"The foundation of our job creation agenda is to fundamentally reform our tax code for the first time in more than 30 years,' he said.
Turing the pressure on members of Congress, Trump called out Missouri's Democratic Sen. Claire McCaskill to get behind his new introduced tax reform.
"She must do this for you and if she doesn't do it for you, you must vote her out of office," Trump said.
"She's gotta make that commitment. If she doesn't do it, we can't do this anymore," he added.
Pitching heavily on the economic benefits, Trump said that his tax reform plans would disproportionately benefit the wealthiest Americans, as independent tax experts have estimated.
Trump's plan remained stuck in broad outlines, which is to make the tax code simple, creating a competitive tax code, delivering tax relief for the middle class and repatriating offshore profits.
Trump also emphasised on bringing down the business tax rate to 15 percent.
The president also sent prayers to the victims of Hurricane Harvey in Houston.
Terming the storm as "deeply tragic", Trump told all those who have lost their loved ones in the storm that "all of America is grieving with you and our hearts are joined with you forever".
"We will endure and we will overcome," he said.
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