Pence: ‘Trump Is Committed to Middle Class Tax Relief, Tax Reform and Simplification’
RUSH EXCERPT:
PENCE: "This all about benefits for workin second we’ll restore fairness to the tax code, be able to file taxes to a single sheet of paper, average American should not have to go out, and hire accountants and lawyers that a business has to hire to figure out what they owe we’re going to work for tax simplification. When you think about cost in time and resources that morning spend filling out their taxes that opportunity cost robs real energy from the economy. By simplifying the tax code we’ll have more money in pockets of American people, less time at a kitchen table with a calculate or. We’ll make our economy competitive again, by cutting corporate tax rate and fundamentally transforming the way we do business in America. And if you take nothing else, from my message today, I want to take the fact this is a middle class tax cut, we’ll simplify the tax code, we’re without apology we’re going to fight to make American businesses more competitive by lowering the business tax rate. We’re going to lower tax rate from 35% to 20%. And not a opiniony more.
— Not a penny more, you may have heard from my counterparts that President Trump has made it clear, he agreed on 20%, that is it. Truth, is that when we get to 20% we’ll go from one of highest rates in developd world to below average in the industrialized world, and president is determining to dig in for that. We’ll make sure that small businesses, which are engine of the American economy, get the same tax relief as corporationses like you, cut pass through tax rate to 25% that is lowest for subchapter S . Small businesses, or LLC ‘S. We’re going to replace out date the system of worldwide taxation with a territorial system. Only money that is earned in America is taxed in America. We’ll let businesses fully and immediately write-off cost of equipment and other capital investment companies need to grow and grow fast, we are going to cut taxes to trillions of many of your companies have locked overseas, so you can bring those dollars back to America to invest in America’s growth, jobs and future. Rest assured that president Trump is committed to middle class tax relief, and tax reform and simplification, we also believe this is about competitiveness, we’re determined to work with the leaders in house and Senate to ensure that America’s business taxes put each one of you in approve position to grow job here’s in the U.S. of America."
