Trump to Detail Tax Reform Plan in Indy

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In December, President-elect Donald Trump announced the plan to keep 800 jobs from leaving Indy for Mexico. In December, President-elect Donald Trump announced the plan to keep 800 jobs from leaving Indy for Mexico.

President Donald Trump will use his visit to Indianapolis Wednesday to give more details on his tax reform proposal. The president is expected to give specifics on his proposed tax cuts when he speaks to an invite-only crowd at the Indiana State Fairgrounds.

The station cites a White House official who says Trump will discuss changes to taxes on corporations and small businesses. The official says small businesses "will be very happy" with the details. Trump also plans to talk about eliminating loopholes and pushing against offshoring jobs.

Senator Joe Donnelly (D-IN) will fly to Indianapolis with Trump on Air Force One, which is scheduled to arrive earlier in the day at Indianapolis International Airport. Trump's last visit came in December as president-elect, when he announced a deal with the parent of Carrier Corp. to keep hundreds of jobs originally slated to move to Mexico in Indianapolis.

Governor Eric Holcomb released a statement Tuesday saying he will not be in attendance for Trump's remarks due to a prior commitment to attend the Navy SEAL Foundation's annual dinner in Chicago. Holcomb is a Navy veteran. You can read the full statement below:

The First Lady and I will not be at the President’s speech tomorrow. We will be attending the Naval Seal Foundation Roundtable and Annual Dinner in Chicago. This is an event we’ve been looking forward to for several months now, and, given my time in the Navy, it’s one that is near and dear to my heart. However, I am glad the President is coming to Indiana to share the details of his tax reform plan, and I look forward to the President’s remarks. America’s antiquated tax system is broken. Our nation’s last comprehensive tax reforms were in 1986, so this is long overdue. We must simplify, close loopholes, institute fairness and lower overall rates—especially for small business. Indiana has proven that keeping state taxes among the lowest in the nation and creating pro-business tax policies results in more high-paying jobs for Hoosiers. The time is now for Congress to act on tax reform.

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