Trump defends GOP tax bill proclaims U.S. economy set 'to rock'
Closing in on the first major legislative achievement of  his  term  President Donald Trump on Saturday defended the Republican tax cut as a good deal for the middle class while boldly suggesting it could lead to explosive economic growth.
The legislation  which the GOP aims to muscle through Congress next week  would lower taxes on the richest Americans. Benefits for most other taxpayers would be smaller  but  Trump  attempted to sell the bill as a "Christmas present" for middle-class Americans in part because it would trigger job growth.
"It'll be fantastic for the middle-income people and for jobs  most of all "  Trump  told reporters on the White House lawn before traveling to Camp David for the weekend. "And I will say that because of what we've done with regulation and other things our economy is doing fantastically well  but it has another big step to go and it can't take that step unless we do the tax bill."
No stranger to hyperbole   Trump  also predicted the legislation would cause the economy to soar beyond  its  current 3 percent rate of growth.
"I think we could go to 4  5 or even 6 percent  ultimately "  the president  said. "We are back. We are really going to start to rock."
Under the bill  today's 35 percent rate on corporations would fall to 21 percent  the crown jewel of the measure for many Republicans.  Trump and GOP leaders  had set 20 percent as  their  goal but added a point to free money for other tax cuts that won over wavering lawmakers in final talks.
Closing in on the first major legislative achievement of  his  term  President Donald Trump on Saturday defended the Republican tax cut as a good deal for the middle class while boldly suggesting it could lead to explosive economic growth.
The legislation  which the GOP aims to muscle through Congress next week  would lower taxes on the richest Americans. Benefits for most other taxpayers would be smaller  but  [TGT]attempted to sell the bill as a "Christmas present" for middle-class Americans in part because it would trigger job growth.
"It'll be fantastic for the middle-income people and for jobs  most of all "  [TGT]told reporters on the White House lawn before traveling to Camp David for the weekend. "And I will say that because of what we've done with regulation and other things our economy is doing fantastically well  but it has another big step to go and it can't take that step unless we do the tax bill."
No stranger to hyperbole   [TGT]also predicted the legislation would cause the economy to soar beyond  [TGT]  current 3 percent rate of growth.
"I think we could go to 4  5 or even 6 percent  ultimately "  the president  said. "We are back. We are really going to start to rock."
Under the bill  today's 35 percent rate on corporations would fall to 21 percent  the crown jewel of the measure for many Republicans.  [TGT] and GOP leaders  had set 20 percent as  [TGT]  goal but added a point to free money for other tax cuts that won over wavering lawmakers in final talks.