Donald Trump has called the US tax code “self-destructive” and said he will work with Congress on a plan to simplify it and “dramatically” reduce income taxes for Americans.
In a Labour Day column submitted to the Milwaukee Journal Sentinel, the president outlined his goals for a new US tax plan. Mr Trump writes: “Our plan will dramatically reduce income taxes for American workers and families.
“It will nearly double the standard deduction to help families get ahead. It will make our complex tax code more simple and fair. It will put money back into the pockets of the people who earned it.”
US Congress is expected to take up the issue when it returns from its August recess this week.