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President Donald Trump speaks about tax reform, Wednesday, Aug. 30, 2017, at the Loren Cook Company in Springfield, Mo. (Alex Brandon / AP)

In his tax reform speech today in Missouri, President Trump called on Congress to "get this job done" and repeatedly stated that he doesn't want to be "disappointed."

  • "I don't want to be disappointed by Congress, do you understand me? Do you understand? I think Congress is going to make a comeback. I hope so. I'll tell you what, the United States is counting on it."
  • He later instructed the crowd to pressure their Democratic senator: "Your senator, Claire McCaskill must do this for you, and if she doesn't... you have to vote her out of office."
  • As Axios' Jonathan Swan previewed, the speech was light on policy, but Trump signaled that he's willing to play hardball to push tax reform through.

The one tangible figure: Trump said he wants to bring the corporate tax rate down to 15%. But as Swan notes, the 15% figure is fantasy: "Nobody who is serious thinks this number is possible. Most tax experts in Washington say Republicans will be doing well to get the corporate rate down to 25%.

Key quotes

  • "I want Americans to wake up happy to go to work for a big fat beautiful paycheck... I want them to be proud again."
  • On NAFTA: "Mexico is not happy... but we've got to renegotiate this deal and if we cant we'll terminate it and start over again with a real deal."

Trump's four principles for tax reform:

  1. A tax code "that is simple, fair and easy to understand. That means getting rid of the loopholes and tax benefits that primarily help the wealthy... I'm speaking against myself when I do this."
  2. A lower tax rate that will help "give Americans the pay raise they've been looking for for many many, years." Trump also said the corporate tax rate is "too high," and making the U.S. uncompetitive.
  3. Tax relief for middle class families. "They will not be forgotten any longer."
  4. Bringing back "trillions of dollars thats are parked overseas... by making it less punitive for companies to bring back this money."

Go deeper

13 mins ago - World

Report: "Clear evidence" China is committing genocide against Uyghurs

The scene in 2019 of a site believed to be a re-education camp where mostly Muslim ethnic minorities are detained, north of Kashgar in China's northwestern Xinjiang region. Photo: Greg Baker/AFP via Getty Images

Chinese authorities have breached "each and every act prohibited" under the UN Genocide Convention over the treatment of Uyghurs and other Muslim minorities in China's Xinjiang province, an independent report published Tuesday alleges.

Why it matters: D.C. think-tank the Newlines Institute for Strategy and Policy, which released the report, said in a statement the conclusions by dozens of experts in war crimes, human rights and international law are "clear and convincing": The ruling Chinese Communist Party bears responsibility.

Updated 2 hours ago - Technology

Twitter sues Texas AG Ken Paxton

Texas Attorney General Ken Paxton at February's Conservative Political Action Conference in Orlando, Florida. Photo: Joe Raedle/Getty Images

Twitter on Monday filed a lawsuit against Texas Attorney General Ken Paxton (R), saying that his office launched an investigation into the social media giant because it banned former President Trump from its platform.

Driving the news: Twitter is seeking to halt an investigation launched by Paxton into moderation practices by Big Tech firms including Twitter for what he called "the seemingly coordinated de-platforming of the President," days after they banned him following the Jan. 6 Capitol insurrection.

7 hours ago - Politics & Policy

Senate retirements could attract GOP troublemakers

Sen. Roy Blunt (R-Mo.). Photo: Jim Lo Scalzo/EPA/Bloomberg via Getty Images

Sen. Roy Blunt's retirement highlights the twin challenge facing Senate Republicans: finding good replacement candidates and avoiding a pathway for potential troublemakers to join their ranks.

Why it matters: While the midterm elections are supposed to be a boon to the party out of power, the recent run of retirements — which may not be over — is upending that assumption for the GOP in 2022.