"We've been talking about this forever, it's been over 30 years since we had any significant tax reform done, and it's time to do it. Republicans have a majority in the House and Senate, we've got the White House, and so we better get it done".
And Republicans have a narrow path to clearing a tax plan if they can't win over a Democratic senator. Trump says it will provide the largest tax cuts in the country's history and is outlining details of the plan.
"Reducing the corporate tax rate from 35 to 20 percent would increase average household income by $4,000 a year", said Trump.
Since Republicans can only afford to lose the support of two of their own, Trump has been actively trying to court Democrats. Sherrod Brown, an Ohio Democrat who attended a White House meeting on the issue Wednesday. Ron Wyden of OR (the top Democrat on the Senate finance committee), Sen.
Brown's office said that he presented two bills to Trump that the senator believes would ignite a tone of a bipartisan spirit on tax reform.
The Senator's second concern is the proposed cuts to Medicare and Medicaid.
Yuvraj Singh Named In Domestic Violence Case By Sister-In-Law
Allegedly, the case was filed in Gurugram, with a court issuing a notice to Yuvraj and his family to respond by October 21. Damanbir Singh Sobti, the lawyer representing Yuvraj's family, rejected the allegations as baseless.
"The group discussed the historic nature of tax cuts and reform, and stressed the urgent need to deliver tax relief for the middle class by cutting taxes and simplifying the burdensome tax code", the White House statement said.
Trump called the plan a "once-in-a-lifetime opportunity ... something that will be really unique".
The meeting in the Cabinet Room also included the Vice President, Chief of Staff and members of the U.S. Senate Committee on Finance.
"Everybody is in trouble if we don't get tax reform done". Tim Scott, R-S.C., White House chief economic director Gary Cohn, Sen.