that americans can use to reduce their taxable income. you ve got basically married couples, also individuals under the proposal would go down. reduce the corporate tax rate, this is a big one. the initial plan was to cut the rate from 35% of 15%. there is some talk .. mentioned 15% today. repeal the alternative minimum tax and the estate tax known as the death tax. that s a big one. and the 3.8% investment income that was opposed by obamacare. that s a nutshell. we will see what happens in congress. let s bring in the panel. byron york, chief political correspondent of the washington examiner. mara liasson, national public radio. mollie hemingway, senior editor at the federalist. president trump sounded like he couldn t wait to get to election day buddies got a long with gone tax reform forgets to blaming claire mccaskill. tax reform is an opportunity for republicans to get all back on the same page with the
missouri was all about why tax reform is important for the economy, not how he plans to do it. a particular focus of the people who put them in the oval office, middle income americans. we go we believe ordinary americans know better. then washington how to spend their money and we want to help them take home as much of their money as possible and then spend it. stick out the president s speech set the table for meeting the white house next week. the tuesday will strategize with the big six on tax reform. mitch mcconnell, paul ryan, orrin hatch, kevin brady, steven mnuchin, gary cohn. wednesday he will meet with the bipartisan congressional leadership. tax reform not officially on the agenda but likely to come up. after the appeal of obamacare shelf fell flat, he laid out a plan. i am committed to working with congress to get this job done.
the most important point he made was his second reason for tax reform. create more jobs and higher wages. republicans are doing a lot of research on what they need to do to win next year, and it all boils down to more jobs at higher wages. trump picked a good place to go. he won missouri by 19 points. he won big there. if that could create some pressure on claire mccaskill. they do realize they need to wi win. mike lee was on fox business this morning and said we were elected to repeal obamacare and reform taxes. we have not revealed obamacare and if we don t do this we are dead. bret: ann coulter, known conservative and a big supporter of president trump on twitter. it s so obvious trump is only getting polite applause for tax cuts. want to get the crowd hollering. talk about the wall.
there s a real middle-class tax cuts. to the extent ann coulter represents the trump base, they are going to be more excited if their big middle class tax cut isn t just corporate tax cuts. byron. in the big picture, i think republicans have better prospects for this than they had for obamacare because if you look at the polls on health care, voters trust democrats a lot more than republicans to handle health care. but if you look at the polls on the economy, jobs, taxes, they trust republicans more to deal with it. republicans are a little bit more on their home turf doing this, and i think this will be a much easier lift than their failure on obamacare. and they had low expectations. bret: next up, democrats, or democrat versus antifa
than 30 years. when ronald reagan was able to accomplish that tax reform in 1986, which is a bipartisan effort, the lowered tax rates, some were as high as 70% by having this increase in the corporate tax rates. we have corporate tax rates that are the highest in the developed world. this is something that should be broadly bipartisan. bret: the president mentioning 3% gdp, touting that today. there s a poll in here, fox bulx reform this year, is it important. 49% of those polled said it s important. no, 46%. is it likely? there is some skepticism. after obamacare, there would have to be skepticism. it was a disciplined speech, a focused speech. trump stayed on script, which is always good news for him.