Trump hits the road to push tax reform

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WASHINGTON (CBS) One day after his trip to Texas, President Trump re-focused on his legislative agenda Wednesday, traveling to Missouri to push tax reform. Speaking to a crowd at a manufacturing plant, Mr. Trump proposed simplifying the tax code. While the President pushes, a tough tax battle looms on Capitol Hill.

On his trip to Springfield, Missouri Wednesday, President Trump promised to "bring back main street."

"I want to work on Republicans and Democrats in Congress on a plan that is pro-growth, pro-jobs, pro-worker and pro-American," Trump said. The President laid out a vision for tax reform, but was light on specific details. "I'm committed to working with Congress to get this job done."

Protesters were kept a mile away from the manufacturing facility where, inside, President Trump spoke to an invite-only gathering of small business owners. "I've seen so many tax cuts for the rich that trickle down economics never did work," said Clyde Stant, a protester.

Mr. Trump promised to simplify what he calls a "rigged system" that he has admittedly benefited from. In April, Mr. Trump proposed cutting the corporate tax rate to 15-percent and lowering the top personal income bracket to 35-percent.

Treasury Secretary Steve Mnuchin says the U.S. has to pay its bills first. "There is no scenario where the government won't be paying its bills. The debt ceiling will be raised," he said.

White House officials say they are already working closely with Congress to craft a reform bill but, ultimately, it's up to lawmakers on Capitol Hill to pass it. Senate Minority Leader Chuck Schumer said Senate Democrats will not support any tax reform bill that cuts taxes for the top 1-percent of earners.

Congressional leadership from both parties are scheduled to meet with the President and his economic team at the White House next week.

CBS News has learned that Congress is planning a stopgap spending bill that will include keeping the government open, some hurricane relief for Texas and Louisiana, and an increase in the federal debt limit.