Pres. Trump Set to Speak with Small Business Owners at WH, Aiming for 15% Tax Rate

U.S. President Donald Trump sits for an interview in the Oval Office at the White House in Washington. (REUTERS/Jonathan Ernst)

August 1, 2017

OAN Newsroom

President Trump is moving forward with his push for tax reform.

The president is set to participate in an event with small businesses Tuesday afternoon where he’s expected to demand a historic overhaul of the tax code.

Officials say the president is 100% committed to getting tax reform done this year.

They also claim he’s set an “aggressive schedule”{ in hopes of passing new legislation.

Participants in Tuesday’s meeting are expected to discuss the hardships and struggles of small businesses, and the future of manufacturing.

Meanwhile, White House officials say the president is aiming for a business tax rate of 15%.

Legislative Director Marc Short laid out how the Trump administration wants the bill to be drafted Monday.

This comes days after congressional Republicans released a broad outline for new tax legislation.

Officials say the timetable laid out for reform is aggressive, and hinted the White House might prefer steeper tax cuts even if they’re only temporary.

Over the next week discussions will likely focus on whether cuts should be permanent.

  • Jam Jenes

    Business counts taxes as one of their expenses. And adjust their prices accordingly.

    Therefore, we the consumer are paying the business tax no matter the rate.

    Flat tax on privately earned income. Fifteen percent to start, with five of that going to pay down the debt.

    If the gubmint doesn’t collect enough money to pay for everything, then they’ll have to do like the rest of us and go without.

    Start with HHS. Defund Departments of Education, Interior, and Energy.

    As the saying goes, “If God only asks for 10%, why should the gubmint get more?”

  • BillVA

    Actually making the environment better for employers is no big deal.

    Try punishing the successful while concurrently telling us they you will create more jobs, like the Democrats do…THAT takes talent! Or ignorance.

  • Johnny Rotten

    The Rino’s wont let this happen either.

  • No Mas

    YES!!! Reduce the rates and absolutely eliminate all the loopholes they use to avoid paying any taxes… !!!!
    Scratch the entire system and replace with simple tiered rates with no loopholes above 200k income! That will include your rich elected officials too.

    • BillVA

      But loopholes are how politicians control our behaviour and reward selected friends.

  • badass

    if we have 15% tax rate for our small business we WILL BE the true strongest and richest country in the world!

  • BadDog40

    THE SENATE AND McCONNELL WILL “TOTALLY FK THIS UP”. THE SENATE IS “NOT” OUR PRESIDENTS FRIEND.

    • FreedomFighter

      They are not our friends either from they way they been acting.

  • 808Americans

    Clean repeal of the tax code!
    To soon?

    • All American

      Yes we need “Made In America” asap

  • kevin

    Trumps lies are catching up with him, he cannot keep it going. Pence will be the potus by 2018.

    • FreedomFighter

      You are dreaming again princess. Libtardia isn’t for real my pet imbecile.

  • kevin

    And we learn today the white house was working with Fox News to invent the whole Seth Rich BS theory. Gee, Who would have thought?

    • FreedomFighter

      Man, your stupidity never ceases does it? It has to hurt to be so damn pathetic as you are.

  • Kody M.

    He needs to hire a good econonomist so they can figure out how to not have taxes at all.

    Or heres a idea -maybe pay us a unaversal basic income! We work hard.

    • HarryObrian

      Audit the FED like he promised and then abolishing the FED would be a real start.

      • Kody M.

        well he cant just shut down the fed govt

        • HarryObrian

          Do you even know what the FED is?

          • Kody M.

            yes the fed govt. it has 3 branches for chex & balances.

        • FreedomFighter

          Damn you maggot, you just had to make another troll account didn’t you? More pet idiots for me….. LOLOLOLOL!!!!

          • J T

            Ha ha ha! “Maggot”. Ha ha ha.

      • kevin

        Then half the States in the south would go bankrupt.

    • kevin

      I guess you think all the free stuff you enjoy is actually free. Don’t make me list it, it would be to big.

      • Kody M.

        they can pay for roads and postal offices if they use money from lotto/casinoes/gamblin and tax pot

        • kevin

          and the Military?

          • LILLIBETH

            Loves TRUMP! They voted for him by a three-to-one margin. My son in the military was a committed Democrat but loves many of the things that President Trump has tried to do.

          • kevin

            of course they do, he is giving them cash.

          • LILLIBETH

            Much needed cash….things had gotten pretty dire for them.

          • 45MAGA!

            Thank your son for his service and May God Bless. Take Care!

          • Kody M.

            thats right mam, Trump will find a way.

          • Kody M.

            thats why i said get the economist experts, theres got to be a way

  • HarryObrian

    I wish he’d just shut up and get things done. Have the American people really become so dumb that they believe these 3 minute blurbs and one line headlines?
    Tax reform for small business means nothing if the middle class can’t afford their services because any savings those small businesses get goes into and stays in their pocket, there is never a reduction in service costs to the consumer. And now let’s talk about all the illegals still receiving SS benefits and working under the table paying no taxes, I don’t think they care too much about their business tax. Just more PR BS. Results speak louder than words and actions….
    Example: Neighbor recently took bids for a driveway paving job, total rip off because as the price of oil has dropped the price they are charging for a ton of asphalt has not gone down and 3 out of the 4 crews he took bids from have illegals on their crew… go figure huh?

    • LILLIBETH

      Obstructionist congress needs to be removed.

      • HarryObrian

        You’re right and sadly, I don’t remember that being an obstacle for the muslim Barry Soetoro and his flying monkeys.

        • escaped to Alaska

          You must have been in a coma for the last 8 years. McConnell stood at the podium and stated his job was make President Obama a one-term president. He then did everything he could to delay/destroy anything connected to the president. Pres. Trump has a Republican Majority in both the house and senate and still can’t get anything meaningful accomplished. It’s the Democrats fault, it’s the Democrats fault squawk squawk, the new rallying cry of the Republicans under Trump.

          • HarryObrian

            Ah??, that’s what I implied by saying that “SADLY” Congress was not an obstacle for muslim Barry as it is for President Trump.

          • Kiekeysmikie

            Obviously it’s the democrats fault – but also the RINOs too. Obama was elected in 2008: democrats have been voted out of and lost 1000’s of state offices, lost both houses of Congress, lost to Trump, democrats also lost the last 5 special elections since Trump. Why do you suppose 100’s of millions of voters in over 80% of the counties in the USA have voted to remove democrats?

        • LILLIBETH

          Congress seems to have been lock step with Obama in selling out our nation to the globalists and still are. We the people are President Trump’s greatest asset.

  • thecleaner45

    I pray he does! I pay 45% in the trucking industry and it isn’t fair. Plus my 2290 MC 150 and IRP for repairing roads is never used for the roads so why should I pay them on top of my federal and state tax!

    • LILLIBETH

      Small businesses are the backbone of our nation.

      • No Mas

        Bernie, demonrats and RINOS think its the Feds abusing our tax dollars that are the backbone of our nation.

  • All American

    “Americans for tax freedom”
    🇺🇸MAGA MASA

    • Big Al

      And sadly, the main opposition will be the Republicunts……

      • All American

        Let’s hope not

        • Big Al

          They’ve already started squawking because it (to them) means less $$ for their government & control of such – Undermines their Utopian wet-dream, the eternal and immutable principles of Big Government ‘for which they stand’…..

          • BadDog40

            It’s really simple and sinful. We’re being ruled by a ‘UNIPARTY’. Big Government Globalists with both hands in OUR pockets.

          • All American

            They (the Swamp) will support President Trump and the American public or they will be gone in the upcoming elections…
            Period!

          • 45MAGA!

            Amen!

      • J T

        I think many RINO rats will be losing their seats in the 2018 mid-term primaries to other, better republicans.