President Trump Touts Tax Bill During Minnesota Visit

Internal Revenue Service Commissioner Charles Rettig testifies on his agency's budget before a House Appropriations Subcommittee hearing on Capitol Hill

Trump is the first president in decades to not release his tax returns, although he has said at various times that he would.

Trump flew to Minnesota on Monday to highlight the $1.5 trillion package of corporate and individual tax cuts he signed into law in 2017.

- Tax March (@taxmarch) April 15, 2019Trump promised that corporations would use their tax cuts to give working families a $4,000 pay raise.

The IRS does give tax payer's three different options if for any reason they can't pay the full amount today. "I believe this legislation would result in an immediate tax cut for virtually all taxpayers, while also reducing the size, scope and complexity of the IRS".

On the afternoon of Monday, April 15, President Trump made an appearance at Nuss Truck and Equipment in Burnsville, Minnesota. The plan would be funded by $650 billion in federal funding, a return to the Obama-era "Build America Bonds", and a series of corporate tax reforms including raising the tax rate on corporations to 25 percent from the current 21 percent.

"This has been a very special state", said President Trump.

The vast majority of workers, not so much.

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"We lowered income tax rates across the board", Trump said.

The president's trip to Minnesota is also significant given that he lost the state, which is a traditional Democratic stronghold, by just two points in 2016. But history would appear to be against him: Minnesota has not voted for a Republican for president since Richard Nixon in 1972. An NBC/Wall Street Journal poll last week showed that most Americans didn't think they even got a tax cut.

More than 6 in 10 Americans told CBS News they think large corporations and wealthy people benefited from the tax overhaul.

The U.S. budget shortfall grew by 17% to $779 billion in fiscal year 2018, which the Congressional Budget Office has said was partly a outcome of the tax law. "The recent success of the Tax Cuts and Jobs Act is certainly progress, but if the SMART Act was in place now, taxpayers would file a return the size of a postcard, and every American would be taxed equally and at the same rate".

Filing jointly, Klobuchar and her husband, attorney and professor John Bessler, found themselves in a lower tax bracket in 2018, but ultimately paid more in total taxes, as their combined income increased. Expand the earned income tax credit and the Child and Dependent Care Tax Credit, which offers a tax break for child care.

While at the event, Trump discussed topics ranging from business growth to the economic plight of farmers to the burning of the Cathedral of Notre Dame.

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