The following excerpt is from an article that originally appeared on The Horn News
President Donald Trump on Wednesday will sell the American people on a Republican tax overhaul that his administration claims will generate about $1.8 trillion in new revenue.
The White House said Monday that Trump’s pitch will focus on how the GOP tax reform plan will lead to a brighter future for taxpayers and their families, according to spokeswoman Lindsay Walters. House and Senate negotiators are rushing to finalize a bill and deliver the measure to Trump before Christmas.
Trump and Republican leaders in Congress have promoted the massive tax plan by promising the tax cuts will boost the economy. The House and Senate tax bills combine steep tax cuts for corporations with more modest reductions for individuals.
The administration’s new, rosy estimate of new revenue from the tax plan over 10 years is a lot higher than nonpartisan congressional analysts have projected. Thepost was originally published on this site