Vice President Mike Pence discusses tax overhaul in Auburn Hills

AUBURN HILLS, Mich. – Vice President Mike Pence discussed the newly proposed tax overhaul Thursday at American Axle Manufacturing in Auburn Hills.

Gov. Rick Snyder and Lt. Gov. Brian Calley joined Pence at the event.

Pence arrived in Michigan Wednesday evening and took part in a Republican dinner in Bloomfield Hills.

The framework for the tax reform was presented Wednesday. The pitch so far is doubling the deductions for both individuals and families, as well as reducing the corporate tax rate.

READ: White House unveils details of tax reform framework

REVIEW: Unified Framework for Fixing Our Broken Tax Code released by the White House

He called the plan "pro-growth, pro-job, pro-worker and pro-family."

Pence said it calls for tax cuts to working families, a repeal of the "death tax," simplification of the tax code, and cutting the business tax rate.

He also said "tax cuts mean more jobs, tax cuts mean higher wages, tax cuts mean more money in your pockets."

The Republican National Committee released the following statement:

"The last time America passed major tax reforms was 31 years ago when President Reagan signed the Tax Reform Act of 1986 into law. In the 31 years that followed, all the good of the tax reforms of 1986 has been outweighed by the bad as times and conditions have changed. Since 1986, the tax code went from 30,000 pages to now over 70,000 pages. The IRS tax code is out of control and burdens taxpayers with confusion, expense and litigation."

The Democratic National Committee released the following statement:

“The only thing we know about the Republican tax plan is that it would benefit giant corporations and the richest 1% of Americans at the expense of everyone else. We won’t know the specifics of the plan until the last minute, because Donald Trump, Mike Pence, and their Republican colleagues know that if they’re honest about what’s in their tax plan, Americans will oppose it. We saw this intentional secrecy with health care, and now we’re seeing it with tax reform. Democrats believe in real tax reform that helps the middle class and ensures that big corporations and the 1% pay their fair share. Trump, Pence, and their Republican colleagues owe it to the American people to stop writing their plan behind closed doors and explain exactly how their proposals will impact Michigan families.” 

American Axle and Manufacturing is a manufacturer of driveline and drivetrain components and systems founded in 1994. 

The company shipped production from its largest Detroit facility to Mexico in 2009. The plant was closed in 2012. Spokesperson Renee Rogers called the shift a “company consolidation” at the time. The company blamed the need to consolidate on the slumping economy and the production slow-down at General Motors.

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About the Authors

Rod Meloni is an Emmy Award-winning Business Editor on Local 4 News and a Certified Financial Planner™ Professional.

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