President Trump plans to visit Miami on Monday to preside over a roundtable discussion promoting the signature legislation of his administration: a $1.5 trillion tax cut that’s boosting corporate profits and sending the deficit soaring, according to multiple sources familiar with the plans.
There were no details available Wednesday on the planned presidential visit, beyond that Trump expects to be in Miami the morning of April 16. The plan is for him to host the kind of business roundtable the White House has organized in other places around the country since the Republican-backed legislation passed in December.
Large corporations announced bonuses and salary increases after the legislation passed, while Congressional analysts and economists said the sharp drop in federal revenue would lead to significantly more borrowing in Washington.
A White House spokeswoman was not immediately available for comment.