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Tax Plan Will Be ‘Rocket Fuel’ for Economy, Trump Says

  • The president tries to rally manufactures behind tax cuts
  • White House hasn’t released details on how to pay for cuts
Bloomberg business news

Trump Says Era of Economic Surrender Is Over

Updated on

President Donald Trump told factory owners and executives on Friday that his proposed tax overhaul will slash rates for businesses and jolt the economy, part of a campaign to bring pressure on Congress to finally deliver him a signature legislative achievement.

The plan will provide “the lowest top marginal income tax rate for small and medium-sized businesses in more than 80 years. This huge tax cut will be rocket fuel for our economy,” Trump told the National Association of Manufacturers in Washington.