(CNBC) — President Donald Trump on Wednesday touted tax reform as his key to unlocking economic growth and job opportunities — and put the onus on Congress to overhaul the U.S. system.
"So, this is our once-in-a-generation opportunity to deliver real tax reform for everyday, hard working Americans. And I am fully committed to working with Congress to get this job done," Trump said at a speech in Missouri kicking off his tax-reform push. "And I don't want to be disappointed by Congress. Do you understand me?"
The president described chopping business and individual tax rates as foundational to his goals to dramatically boost American gross domestic product and job creation by U.S companies. If the U.S. does not change its tax system, "jobs and our country cannot take off the way they should — and it could be much worse than that," Trump said.