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Trump begins tax reform campaign (Lead)
Washington, Aug 31 (IANS) US President Donald Trump began his campaign to achieve comprehensive tax reform, although such an overhaul of the tax code must go through Congress for approval.
Trump launched his campaign with a rally at a Springfield, Missouri, manufacturing plant on Wednesday promising workers lower taxes, reports Efe news.
“Our tax system should benefit loyal hard-working Americans and their families,” Trump said, promising “to work with Congress, Republicans and Democrats alike” on the matter and claiming that his tax reform plans are bipartisan.
“So let’s put, or at least try to put, the partisan posturing behind us and come together as Americans,” Trump said, going on to declare that his tax overhaul plan – which he called “The American Model” – will create “millions and millions” of new jobs, bring back “trillions of dollars in wealth that’s parked overseas” and give the US a “competitive edge” in world markets.
With Treasury Secretary Steve Mnuchin and Commerce Secretary Wilbur Ross at his side, along with other members of his Cabinet, Trump wanted to make his speech a milestone marking the beginning of his efforts to achieve one of his key political goals.
The president said the US needs a tax code that is simple, fair and easy to understand and that eliminates legal loopholes and the complexities of the current tax system, but he did not provide any details about how he intends to achieve it.
He said that lowering taxes will increase the salaries of the working class.
Ideally, Trump has said, he wants to reduce corporate taxes from their current 35 per cent level to 15 per cent and also to include an increase in deductions for citizens, although he has not specified how new tax income will be produced for the government or how to deal with the country’s rising public debt.
After the fiasco he and Republican lawmakers endured in trying to repeal and replace the health care reform implemented by his predecessor, Barack Obama, Trump is looking for a victory in Congress.
Meanwhile, Democratic Senate Minority Leader Chuck Schumer warned a few hours before Trump spoke in Missouri that his party will oppose cuts in taxes on the wealthiest Americans.
Schumer said in a statement that tax reform must not increase the tax burden on the middle class and there must not be a tax cut for the richest 1 percent of Americans, “period.”
To deal with Democrats’ – and others’ – doubts about his plan, the president intends to meet with congressional leaders of both parties next Wednesday at the White House, legislative sources confirmed to Efe news.
Meanwhile, Trump must also negotiate an increase in the federal debt ceiling and budget for the coming fiscal year during September, among other pending issues.
–IANS
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Dr. Abhishek Verma Dedicates a Shelter in Memory of His Mother, Veena Verma, at KGMU; Inaugurated by Daughter Nicolle Verma
World-renowned business tycoon Dr. Abhishek Verma has supported Foodman Vishal Singh’s Hunger-Free World mission. In memory of his mother, Late Veena Verma, who was a 3 term Rajya Sabha MP.
Dr. Verma dedicated a state-of-the-art free permanent shelter for the attendants of patients at KGMU Medical University, Lucknow, under the aegis of Vijay Shree Foundation. His daughter, Nicolle Verma, inaugurated the shelter.
During the event, Foodman Vishal Singh honored Nicolle Verma by presenting her with a memento. Mrs. Nidhi Sharma and Avantika Yadav, associated with the organization, welcomed her with garlands. Following this, Nicolle Verma distributed essential items to the attendants and also handed out fruits. She became emotional remembering her grandmother on her birth anniversary.
On this occasion, she also inaugurated the “Veena Verma Sevalaya” in memory of her grandmother, Veena Verma, to serve the attendants. She expressed, “I feel proud that my family is engaged in nation-building as well as social service. Today, in collaboration with Vijay Shree Foundation founder Foodman Vishal Singh Ji, I feel immensely proud to dedicate this shelter for the poor, helpless, and needy attendants of patients battling serious illnesses like cancer. I am honored to be associated with the Hunger-Free World Mission for humanity.”
Inspired by the continuous humanitarian service provided by Vijay Shree Foundation over the past 17 years, Nicolle Verma donated 10 lakh rupees to support the cause. The purpose of this donation is to ensure that services continue for the needy attendants of patients suffering from severe illnesses in hospitals, as facilitated by Foodman Vishal Singh.
It is noteworthy that Dr. Abhishek Verma’s family has a legacy of public and philanthropic service. They are helping millions to carry forward the values and service work of their parents. On the occasion of his mother’s birth anniversary, Dr. Abhishek Verma dedicated this state-of-the-art permanent shelter at Lucknow Medical College to serve the attendants of patients through the Vijay Shree Foundation.
Supporting Foodman Vishal Singh’s Hunger-Free World mission, Dr. Abhishek Verma assured that he would continually support keeping this flame of humanity alive. He also promised to assist in providing medicines to the helpless patients.
Continuing her grandmother’s legacy of service, Nicolle Verma personally served food to the needy patients and attendants. She said, “It is our good fortune to have received the joy of doing this noble work today through Foodman Vishal Singh. I have taken another step forward in carrying my family’s values and cooperation by joining hands with the Vijay Shree Foundation. My father taught me to serve and help the needy, and I feel happy when I bring a smile to someone’s face.”
On the birth anniversary of the late Veena Verma, the event organizer, Vijay Shree Foundation founder Foodman Vishal Singh, said, “We feel proud and happy that Dr. Abhishek Verma, a globally renowned business tycoon, has extended his support to uplift our country from the hunger index. Today, on his mother’s birth anniversary, he inaugurated a state-of-the-art permanent shelter at Lucknow Medical College, which will always be helpful for the needy attendants of patients. It is a pleasure for me and the organization to receive the affection of Mr. Verma.”
The event was attended by General Manager Verma Family Office Hemant Garg, Sonu Rajput, and the organization’s volunteers, including Sandeep Singh, Parmeshwar Ji, Prashant Rao Gautam, Balram Singh, Ramesh Chaudhary, Suman, Jeetu, Anil, Suraj, Vinay, Manish Bhadauria, Manas Mehrotra, Vivek, Apurv, Happy, and others.
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