Trump Planning 'Phase Two' of Tax Plan to Help Middle Class

President Donald Trump said Wednesday that he was working with congressional Republicans on a "phase two" tax-reform plan to help middle-class Americans and corporations, telling Missouri business leaders that "it's going to be something that I think is very special."

"We're going for a phase two, which will help — in addition to [the] middle class — companies," Trump said at a roundtable at the Boeing Co. plant in St. Louis. 

He said that Texas Rep. Kevin Brady, the Republican chairman of the House Ways and Means Committee, and the Senate were "working on it with me."

"It's going to be something that I think will really be a big incentive to do a lot of things like we're doing right here," Trump said. "A tremendous incentive for the workers."

Touring the Boeing plant with Treasury Secretary Steven Mnuchin, President Trump touted his economic successes — from Wall Street gains to job increases to lower jobless claims — and slammed Democrats for not supporting the tax bill passed in December.

"Unfortunately, on the original plan, we didn't have one Democrat vote — which is pretty incredible," he said. "Now, they're regretting it.

"But we're going to do a phase two."