After a previous tweet signaling the expediency of tax cuts and urging Congress to act, President Trump has stated an additional reason for tax cuts legislation to be accelerated.
The President made it clear the devastation unleashed by Hurricane Harvey and Irma in Texas and Florida respectively which will cost government several billions of dollars makes tax cuts more imminent than before.
According to his Twitter page through which he stated the assertion, Trump wrote, “With Irma and Harvey devastation, Tax Cuts and Tax Reform is needed more than ever before. Go Congress, go!”.
With Irma and Harvey devastation, Tax Cuts and Tax Reform is needed more than ever before. Go Congress, go!
— Donald J. Trump (@realDonaldTrump) September 13, 2017
Meanwhile, many Congress Democrats who wants to relate with the President proposal of a new tax policy are demanding what the exact plan would be. They are of the opinion that, Trump should outline a new policy which will replace the existing one.
Also, GOP lawmakers spearheading the move want a detailed plan of what part of the existing code to break to give way for a new formula.
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