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President Donald Trump wants Americans to have a better life, but the problem is that there’s only so much money that will be available to go around.
«I want people to have more than what we’ve got,» he told a crowd at a rally in Florida on Wednesday night.
«But, you know, that’s going to be the biggest challenge.»
But if he does bring back «a fair share,» Trump said he’ll do it by getting people to pay more taxes.
«And, by the way, you’re going to have to pay a higher rate,» he said.
«We’re going do that by bringing down taxes and regulations.»
Trump’s plan to bring down the nation’s debt, as well as his push to increase taxes on businesses and the wealthy, has drawn criticism from Democrats and some Republicans.
But he insisted that his tax plan would not lead to the sort of social chaos that Trump has threatened to unleash.
«Nobody has ever seen anything like this before,» Trump told the crowd.
«People are going to get to be so well off that they’ll go crazy.»
«I want to be a winner,» he added.
«That’s the thing that will make us the greatest nation in the history of the world.
But I also want you to have something to fall back on.»
The president’s plan also faces significant challenges, however.
He is still grappling with how to overhaul Obamacare, a major campaign issue.
And even if his plan succeeds, it would still face resistance from Republicans in Congress.
The Republican-led Congress, which will have to approve any changes to the law, has made it clear that it would reject any tax increase on the wealthy.
«If we don’t change the tax code, if we don, I’m afraid we’re going down the road of a debt crisis, and the president’s not going to help us do that,» said Rep. Justin Amash, R-Mich., a Trump ally.
And the president also faces criticism from his own party over his insistence on repealing and replacing the Affordable Care Act.
But that effort has been bogged down by an unpopular, protracted effort to overhaul the nation�s healthcare system.
Trump has made a number of other proposals over the years, but his first big legislative initiative was the overhaul of the tax system, which he called the Great Repeal.
The effort ultimately failed to garner enough support to pass, and Trump has not signaled that he is interested in changing the law anytime soon.