Home Today's Paper Most Popular Video Gallery Photo Gallery
Subscription Blog Signin Register
Logo
Thursday, December 14, 2017 11:12:14 PM
Follow Us On: Facebook Twitter Twitter Twitter Twitter

Trump promises `giant tax cut` as `Christmas gift` to Americans

photo by

Donald Trump said the current tax code is \"burdensome, complex, and profoundly unfair.\"

By
15th-Dec-2017       
Comments
Share your thought
Post a comment »
Read all () »

PTI, Washington :
US President Donald Trump today said the Congress has reached an agreement on tax legislation that will deliver more jobs, higher wages, and "massive tax relief" for American families and domestic companies.
Trump recognised the tax reform as a campaign promise during his run-up to the 2016 presidential election, saying the "giant tax cut" will be his "Christmas gift" to fellow countrymen. "Now we're just days away ... from keeping that promise and delivering a truly amazing victory for American families.
We want to give you, the American people, a giant tax cut for Christmas," Trump told a select audience at the White House as he delivered an address to the nation making a final pitch for his massive tax reform.
"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," he said.
Trump cited an example to explain the impact of the tax cut: "The typical family of four earning USD 75,000 will see an income tax cut of more than USD 2,000, slashing their tax bill in half."
It nearly doubles the amount of income taxed at the rate of zero, he said, adding that the proposed tax reforms also closes special interest loopholes; and lowers tax rates for families. It cuts taxes on businesses, which is expected to raise income by an average of more than USD 4,000, he said.
Trump said the current tax code is "burdensome, complex, and profoundly unfair."
"It has exported our jobs, closed our factories, and left millions of parents worried that their children might be the first generation to have less opportunity than the last. Our factories have left. So many of them, gone," he said.
"But they're all coming back. And you see it, even before we do this, that they're starting to come back. Our country is starting to do really well again, and as a country we're being respected again," asserted the US President.
Trump told the nation that his administration will "never let bad things happen", with respect to the economy of the country.
"We're not going to lose our businesses again like has happened over the last number of decades. America is coming back bigger, better, and stronger than ever before," he said.
America, he said, isn't content just by getting by.
"America is about getting ahead, about finding the best in ourselves and in each other. We are reclaiming our destinies as Americans, a nation that thinks big, dreams bigger, and always reaches for the stars. We didn't become great through massive taxation and Washington regulation," he said.
Trump said that his administration is cutting regulation at a rate "never seen before in the history of the country".
"We became great because our people, and because of our freedom. We became great because of our drive to find the next horizon, to unlock the next mystery, and to begin the next adventure," he said.
"That's who we are: a nation of strivers and builders and dreamers and doers, people who treasure their independence and don't know how to quit. Never quit. Never, ever give up-never, ever," he said.

Tariff
Add Rate

News Archive

Inside The New Nation

Editorial »

Attack on New York City is disgusting


AN attempted terrorist attack in a New York City bus terminal by a US national of Bangladesh origin has caused widespread surprise and condemnation here and also in the Bangladesh community in the USA. The person Akayed Ullah at his 27 is a taxi driver in New York City and ...

International »

US embassy unlikely to move to Jerusalem before 2020: Tillerson


Xinhua, Washington :U.S. Secretary of State Rex Tillerson said Tuesday the U.S. embassy in Israel was unlikely to be moved to Jerusalem before 2020, national media outlets reported."It's not going to be anything that happens right away," U.S. news daily the New York Times quoted Tillerson's speech at the State ...

Football »

Crystal Palace's James McArthur (centre) celebrates scoring his side's second goal of the game with team-mates during the English Premier League match between Crystal Palace versus Watford at Selhurst Park, London on Tuesday.


Sports »

A scene from the SA Group Premier Division Chess League at the Auditorium of the National Sports Council Tower on Wednesday.


Entertainment »

Akshay shares the new poster of PadMan while giving the hint about trailer


Akshay Kumar is gearing up for his next release PadMan which is all set to release on Republic Day, 26th January 2018. Recently Akshay is on spree of releasing new posters of the films. A day before yesterday Akshay shared a poster of the film in which he can be ...

City »

DU VC Prof Aktaruzzaman speaking at a seminar on' Mass Media Vs Social Media at TSC organised by the Dhaka University Journalists Association on Wednesday .


Editorial »

Colleges without enrolment should cease to exist


OVER 1,500 colleges are in fear of closure as they have failed to fulfil the condition of the Education Ministry in terms of students' admission at Higher Secondary level, The concern is genuine because opening of new colleges and also their closure is not small thing, as it impacts lives ...

Cricket »

A good number of spectators arrived at the Sher-e-Bangla National Cricket Stadium to watch the final match of the AKS Bangladesh Premier League (BPL) Twenty20 Cricket between Rangpur Riders and Dhaka Dynamites at the Sher-e-Bangla National Cricket Stadium in the city's Mirpur on Tuesday.


Cricket »

India celebrate Kohli-Sharma 'royal' wedding


AFP, Mumbai :He's the "king" of Indian cricket. She's a glamorous Bollywood actress and former model. Newlyweds Virat Kohli and Anushka Sharma are celebrity royalty and India is cock-a-hoop over their marriage."Officially India's First Couple," screamed the front page of Mumbai tabloid Mid-Day on Tuesday -- a day after the ...

Entertainment »

Congratulations to Virat and Anushka for getting married


Celebrity power couple Virat Kohli and Anushka Sharma got married yesterday. The rumours were rife from past few days when Anushka flew out of the country with her family. Anushka and Virat tied the knot in Italy, in a private ceremony where close friends and family members were invited. The ...

Entertainment »

Ireen Afroz, Azad Abul Kalam, Urmila’s serial Countdown


Sheikh Arif Bulbon :For the first time Azad Abul Kalam worked with Urmila Srabonti Kar and Ireen Afroz in a drama serial. They worked together in Sokal Ahmed’s serial Countdown. After completing shooting of the serial in Malaysia now it is going on in different places in Dhaka.  While talking ...

City »

Joy inaugurates emergency service `999`


Prime Minister's Information, Communication and Technology (ICT) Affairs Adviser Sajeeb Wazed Joy on Tuesday inaugurated the national emergency service '999' aimed at providing emergency assistance to people across the country."The Awami League government always thinks about the future of the country where people will not face any type of hurdle," ...

International »

On eve of climate summit, Macron reminds Trump of `responsibility to history`


French President Emmanuel Macron on Monday reminded his US counterpart Donald Trump of his responsibility to history over his decision to quit the Paris climate change agreement, in an interview aired on CBS.Speaking on the eve of the One Planet Summit, two years to the day since 195 nations adopted ...

International »

Women accusing Trump of sexual misconduct seek congressional probe


Reuters, New York :Three women who have accused US President Donald Trump of sexual misconduct called on Monday for a congressional investigation into his behaviour amid a wave of similar accusations against prominent men in Hollywood, the media and politics.Over the past two years, more than a dozen women have ...

National »

Gafargaon Liberation Day observed


Gafargaon (Mymensingh) Correspondent :Gafargaon Liberation  Day  was observed through gathering of freedom fighters, mass people , human-chain,rally  on December 9 .  Discussion meeting , human-chain  and rally were held adjacent to Charalgi Vatipara Abdus Satter High School. Central Vice Chairman of  Muktijuddha Sanghoti Parishad and  MP aspirant  of  Awami League ...

 
Items that you save may be read at any time on your computer, iPad, iPhone or Android devices.
 
Are you new to our website? Do you have already an account at our website?
Create An Account Log in here
Email this news to a friend or like someone
Email:
Write a comment to this news