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State Treasurer will meet with senior Trump administration officials, discuss tax reform

State Treasurer Eric Schmitt will meet with senior Trump administration officials on Thursday.

Schmitt says they are expected to discuss federal tax reform proposals and their potential impact on Missouri’s economy.

Schmitt said he will urge the administration to move swiftly toward a tax reform package that benefits working families and small businesses.

“In September I called on congress to finally fix this problem and put working families first by passing substantive tax reform by the end of the year,” Schmitt said. “I’ll be taking that message directly to Washington D.C. tomorrow.”

Analysis by the Tax Foundation estimates that both the House and Senate proposals would result in over 18,000 new jobs created in Missouri over a period of ten years. The same study puts the increase in income for the average Missouri middle class family over $2,400.

Schmitt said passing the tax reform by the end of the year needs to be a top priority for the Republican-led congress.

“Tax reform has been relegated to campaign platitudes and wish lists for too long,” Schmitt said. “The time for excuses has passed; it’s time for Congress to get it done.”

On Thursday, Schmitt will meet with with members of the President’s Cabinet and National Economic Council.

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