Trump on Tax Reform: 'This is Our Opportunity to Release a Middle Class Miracle'

President Donald Trump, addressing a receptive audience at The Heritage Foundation Tuesday night in Washington, D.C., touched on several of the selling points from his tax reform plan he has been pushing to Congress and the American people. 

"At the heart of our plans is a tax cut for every day, working Americans," the president said. "The vast majority of families will be able to file their taxes on one sheet."

Trump highlighted some of the points under his tax plan, saying the typical American household would see a $4,000 pay raise in terms of taxes saved.

Under the president's plan, taxes for businesses would be cut from 35 percent to 20 percent.  The corporate tax rate would be capped at 25 percent.  The estate tax or so call "death tax" would be eliminated.

"This is the biggest reduction in taxes in the history of this country," Trump declared. 'This is our opportunity to release a middle class miracle."

Trump is the fourth sitting president to speak to the foundation's President's Club. The list also includes Ronald Reagan, George H.W. Bush and George W. Bush.

The president also alluded to having the tax plan hopefully passed by December. 

"Let's give our country the best Christmas present of all: massive tax relief," he said.

He also told the conservative crowd he wants stores to say "Merry Christmas" again.  

Trump said he and others were present to make sure no threat, foreign or domestic, undermined those core American values.  He also spoke to the need to preserve our U.S. heritage.

"This is a time of great challenge for the world, but also, of great opportunity," Trump said.