US: America on verge of ‘new economic miracle’ — Trump on planned tax cuts

Fifty five years ago this week, President John F. Kennedy, a Democrat, launched a historic effort to pass sweeping top-to-bottom tax cuts. A half a century later, we're reminded that lowering taxes is neither a Republican or Democrat idea, but an American principle and an American idea.» Every day, as this victory draws closer. I mean, we are so close, right now. So close. In fact, almost, I don... Еще't want to talk about it. Maybe we shouldn’t talk about it.» US President Donald Trump announced at the White House in Washington DC on Wednesday that the country is on the verge of 'a new economic miracle' as Congress is expected to vote in favour of tax cut legislation next week. The president went to say that the IRS “has just confirmed that Americans will see lower taxes and bigger pay cheques beginning in February, just two short months from now. Just got that. We just got that.» He added that this legislation will be «only a small beginning to the incredible things that our people will achieve over a very short period of time, and the tremendous heights that we will reach economically.» The Republicans reached the deal that would see corporate tax cut to 21 percent and tax breaks for wealthy Americans from 39.6 percent to 37.0 percent.

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