Trump is out selling his tax reform plan today. Photo: Evan Vucci / AP

President Trump is out selling his tax reform plan and one key selling point for the administration is framing it as a "Middle Class Miracle."

Between the lines: Trump is hoping to sell his plan as this generation's version of the Reagan-era economic boom, largely created by his tax policies. Trump's "Middle Class Miracle" speaks to his admin's plan to raise the bottom tax rate and double the standard deduction — which means Trump can accurately argue that many more low income earners would pay no tax under his plan, as reported by Axios' Jonathan Swan.

"There is no reason that Democrats and Republicans in Congress should not come together to deliver this giant win for the American people and begin the Middle Class Miracle once again," Trump said during today's tax speech.

Another key quote: Trump talked about reducing the corporate rate (to 20%, which we have previously reported) and he argued, "This is a revolutionary change, and the biggest winners will be Middle Class workers as jobs start pouring into our country, as companies start competing for American labor, and as wages continue to grow."

More from Trump's tax speech:

  • "Under our framework, we will dramatically cut the business tax rate so that American companies and American Workers can beat our foreign competitors and start winning again."
  • "We will reduce the corporate tax rate to... below the average of other industrialized nations."
  • "This will be the lowest top marginal income tax rate for small and mid-size businesses in more than 80 years."

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Trump tightens screws on ByteDance to sell Tiktok

Illustration: Aïda Amer/Axios

President Trump added more pressure Friday night on China-based TikTok parent ByteDance to exit the U.S., ordering it to divest all assets related to the U.S. operation of TikTok within 90 days.

Between the lines: The order means ByteDance must be wholly disentangled from TikTok in the U.S. by November. Trump had previously ordered TikTok banned if ByteDance hadn't struck a deal within 45 days. The new order likely means ByteDance has just another 45 days after that to fully close the deal, one White House source told Axios.

Updated 9 hours ago - Politics & Policy

Coronavirus dashboard

Illustration: Aïda Amer/Axios

  1. Global: Total confirmed cases as of 9:30 p.m. ET: 21,056,850 — Total deaths: 762,293— Total recoveries: 13,100,902Map.
  2. U.S.: Total confirmed cases as of 9:30 p.m ET: 5,306,215 — Total deaths: 168,334 — Total recoveries: 1,796,309 — Total tests: 65,676,624Map.
  3. Health: CDC: Survivors of COVID-19 have up to three months of immunity Fauci believes normalcy will return by "the end of 2021" with vaccine — The pandemic's toll on mental health — FDA releases first-ever list of medical supplies in shortage.
  4. States: California passes 600,000 confirmed coronavirus cases.
  5. Cities: Coronavirus pandemic dims NYC's annual 9/11 Tribute in Light.
  6. Business: How small businesses got stiffed — Unemployment starts moving in the right direction.
  7. Politics: Biden signals fall strategy with new ads.

Harris: "Women are going to be a priority" in Biden administration

Sen. Kamala Harris at an event in Wilmington, Del. Photo: Drew Angerer/Getty Images

In her first sit-down interview since being named Joe Biden's running mate, Sen. Kamala Harris talked about what she'll do to fight for women if elected VP, and how the Democrats are thinking about voter turnout strategies ahead of November.

What they're saying: "In a Biden-Harris administration women are going to be a priority, understanding that women have many priorities and all of them must be acknowledged," Harris told The 19th*'s Errin Haines-Whack.