Edit the text to make the meaning more precise.
The President announced an ambitious plan to cut taxes for all Americans.
The President announced an ambitious plan to reduce taxes for all American citizens and permanent residents.
Below is an instruction that describes a task. Write a response that appropriately completes the request.

### Instruction:
Edit the text to make the meaning more precise.

### Response:
The President announced an ambitious plan to reduce taxes for all American citizens and permanent residents.