White House, October 12: U.S. President Donald Trump on Wednesday promised Americans they are “going to have so much money to spend” if lawmakers approve his tax reform plan.
Trump, in an airport hangar in Harrisburg, Pennsylvania, told a crowd of truckers that the typical American household would get “a $4,000 pay raise” with the changes he wants, although economists say that benefit would only materialize over eight years, at a rate of about $500 annually.
Trump’s speech to hundreds of truck drivers — the most common job in more than half of the country’s 50 states —- was intended to counter the views of independent analysts that the Republican tax blueprint would mostly benefit the highest income earners. These analysts contend that at least some middle-income taxpayers would pay more, not less, to the government under Trump’s proposal.
The president, in his Pennsylvania speech, did not go into detail of how his plan would affect the wealthy. He said that his rich friends have been telling him they do not want anything from his proposal and are asking him “to give it to the middle class.”