Trump: Americans will receive more funds because of tax cuts

© REUTERS / Jim Bogdanel trump speaks to Congress with an appeal On the situation of the country. 30 Jan 2018Trump: Americans will receive more funds because of tax cuts© REUTERS / Jim Bourg

The President of the United States Donald trump vowed on Tuesday that beginning in may the Americans will get more money thanks to lower taxes.

«This April was the last time you will be paying taxes under the old bad system. And millions of Americans starting next month will bring home more money,» he said, speaking before the U.S. Congress with the traditional treatment «On the situation of the country.»

«We have removed the most ruthless tax, which fell mainly on the Americans who earn less than 50 thousand dollars a year, forcing them to pay fines just because they can’t afford government-approved plans for medical insurance. We eliminated the disastrous Obamacare program,» said trump.

He also noted the reduction of corporate tax from 35% to 21%. According to him, this leads to the fact that «American companies can compete and beat anyone in the world.» According to him, «only these modifications can increase the average income for a family of more than 4 thousand dollars a year.»

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