Trump expressed his satisfaction with the progress of its tax reforms

Donald Trump

The US President Donald trump was pleased with the progress of his initiative to reform the tax system. His opinion he shared on Twitter.

“Large-scale tax cuts, a reform that I introduced, is progressing very well, in fact ahead of schedule. Great benefits for all!” — wrote the President.

Donald J. Trump (@realDonaldTrump)
29 may 2017, 00:07

At the same time he spoke about reform of the health system. According to trump, you should invest more in the development of the new Republican Healthcare initiatives. At the same time, as expressed by trump, offered by his predecessor Barack Obama the system is “dead”.

Donald J. Trump (@realDonaldTrump)
28 may 2017, 23:57

Earlier it was reported that the tax reform involves lowering tax on business profits from 35 to 15 percent. The tax will apply to both corporations and small and medium-sized businesses.

The administration also promised a flat and low tax on the return of profits from abroad. Trump also suggested to reduce the rates of taxation on income of natural persons from seven to three (10, 25 and 35 percent) and doubled to 24 thousand dollars tax-free amount of income couples.

By the decision of the Republicans, the main provisions of Obamacare are replaced by the new program. The ruling in the United States, the party has repeatedly said that Obamacare is too costly for the budget. The cancellation of this project was one of the campaign promises trump.

The project of Obamacare (Affordable Care Act) was enacted in 2010 under Obama. He allowed more than 25 million not previously insured persons to provide a medical service. However, for those who do not receive subsidies from the state, the cost of insurance has increased.