President Trump promotes tax cuts, eyes 2020 in Burnsville visit

Trump en route to the Twin Cities for tax event

Some Democratic candidates have proposed ambitious, multi-billion dollar policies to expand social programs and overhaul the country's infrastructure, and they hope to fund these by repealing President Trump's 2017 tax cuts which dropped the corporate tax rate to 21 percent from 35 percent.

Accompanying the president on the Tax Day jaunt are Treasury Secretary Steven Mnuchin and Minnesota U.S. Rep. Tom Emmer, a Republican who represents a district north of the Twin Cities. U.S. Treasurer Jovita Carranza also was on board Air Force One, according to the White House.

A Trump opponent welcomed the president to Burnsville with a sign that said: "Demand Trump's Tax Returns and a List of his Creditors". Eastern Time. The president gave a thumbs up through a auto window as he arrived. And there's something to their gut instinct: The top 1 percent of income earners received an average tax cut of $51,310 past year, or more than $900 per week, the Tax Policy Center said in its analysis.

This year's Tax Freedom Day was to fall on April 16 - 105 days into the year. The Tax Cuts and Jobs Act made the withholding more accurate, meaning the government owed fewer Americans and thus some were surprised to see their tax refunds drop from a year ago. Walz and Klobuchar, who is running for president in 2020, are both Democrats; Trump is a Republican. "The recent success of the Tax Cuts and Jobs Act is certainly progress, but if the SMART Act was in place now, taxpayers would file a return the size of a postcard, and every American would be taxed equally and at the same rate". Democrats have set a new deadline of April 23 for the IRS to hand over six years of the president's returns, as requested by Rep. Richard E. Neal, D-Mass., chairman of the House Ways and Means Committee, under a provision of the tax code that gives the tax writing committee chair authority to request returns of any American.

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"Frankly, I don't think Congress, particularly not this group of congressmen and women, are smart enough to look through the thousands of pages that I would assume that President Trump's taxes will be".

According to the Economic Policy Institute, most US workers have seen little to no benefit from the GOP's $1.5 trillion Tax Cuts and Jobs Act (TCJA).

"I love them, I love them", Trump responded. The tax law's backers said that slashing corporate rates would allow businesses to raise wages, increase bonuses and hire more workers. It doubled the standard deduction and enhanced the child tax credit. US taxpayers across the country are rushing to meet a midnight Monday deadline for filing their income tax returns with the IRS.

Now that Trump's been told that his suggested use of water tankers would have collapsed Notre Dame Cathedral, he may instead have them fly over the Capitol when the House and Ways Committee is in session.

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