US Pres. Trump: First $12K of income earned by a single individual will be tax-free

US President Donald Trump continues to give his remarks on tax reform, with key quotes found below:

• Hurricanes expected to weigh down US economic growth this quarter
• The first $12K of income earned by a single individual will be tax-free
• A married couple won't pay any taxes on income earned up to $24K
• There will be 3 tax rates, 12%, 25% and 35% 
• We'll make sure benefits are focused on middle-class
• Tax reform will protect low-income and middle-income households