President Trump says changes are needed if the American economy is to reach its full potential. Speaking to the Heritage Foundation, the President pushed his tax plan, saying the foundation of it is a tax cut for everyday Americans. He said the number of those in the lowest tax bracket, those paying no income tax, will be doubled under his plan. He also said his plan cuts taxes for businesses down to below 20%, which he says will allow businesses to compete against foreign organizations.
Other pillars of Trump's plan are increasing the child tax credit and repealing the estate tax.