Trump Promises ‘Giant Tax Cut’ and Money in Pockets by February
- Illustrates benefits using real-life families at White House
- Rate for high-income filers is said lowered to 37 percent
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President Donald Trump promised everyday Americans a “giant tax cut for Christmas” in a speech that the White House billed as his closing argument for a tax overhaul that congressional Republicans finished negotiating on Wednesday.
“When I say giant, I mean giant,” Trump said in a televised speech from the White House. “As we speak, Congress has reached an agreement on tax legislation that will deliver more jobs, higher wages and massive tax relief for American families and for American companies.”