President Trump on Tax Reform CSPAN December 13, 2017 11:11pm-11:39pm EST
reached an agreement on how to overhaul the tax code. the president trump's remarks our next. -- are next. washington journal come alive, every day. lose and policy issues that impact you. davidsonressman warren discusses the senate race and upcoming fiscal battles. democraticas congressman talks about tax reform and government spending. be sure to watch washington journal. join thesion -- discussion. joined c-span for the vote on net neutrality. it is intended to reduce
regulation of the internet. live thursday, 10:30 a.m.. listen to it live with the free c-span radio app. said taxent trump reform legislation is days away from passing after house and senate negotiators struck a tentative deal. the remarks are 20 minutes. >> ladies and gentlemen, the president of the united states. president trump: thank you very much. thank you, everyone. today by college
students. young entrepreneurs. fathers from all over our nation. you make this country run. it is an honor to be with you and to have you at the white house. thank you for being here. really fantastic. [applause] president trump: i promised i would pass a tax cut. frome are just days away keeping that promise and delivering an amazing victory for american families. we want to give you, the american people, a giants tax giant taxhristmas -- a
cut for christmas. and when i say giant, i mean giant. congress has reached an agreement on tax legislation that will deliver more jobs, higher wages, and massive tax relief for american families and american companies. the typical family of four, see a tax5,000, will cut of more than $2000. their tax bill in half. it is going to be a lot of money. an extra $2000, but there are more things than that. expands the child tax credit can the numbers are even larger than anticipated. the amount of income
taxed at the rate of zero. i hope you are paying above that. a lot of people who are having it a little tough are going to be paying zero. special interest loopholes. it lowers tax rates for families. families.uts taxes on it is expected to raise income by more than $4000. it is like having a $4000 increase which is not bad. a lot of money to spend. a lot of jobs created with the money. very special. we can bring back that simple but beautiful phrase. you have heard it before, made in the usa. i don't know if they have heard it but you have heard it. [applause] president trump: our current tax
code is burdensome, complex, and unfair. it has exported jobs, closed oftories, and left millions families worried their children might be first-generation to have less opportunity than he last. our factors have -- factories have left. we are starting to come back. our country is starting to do really well again. as a country, we are being respected again. we are being respected again. i am here to tell you we will never let bad things happen with respect to the economy of our economy. lose thet going to businesses. america is coming back weaker and better and stronger than ever before.
they will see it. they will see the results. america is not content just by getting by. it is about getting ahead. finding the best in ourselves and in each other. we are reclaiming our destiny as americans. a nation that thinks they, dreams bigger, and always reaches for the stars. we did not become great through massive taxation and it washinn regulation. we are cutting regulation at a rate never seen before in the history of our country. we became great because our people, our families, and because of our freedom. we became great because of our drive to find the next horizon, to unlock the next mystery, to begin the next adventure. you know what i'm talking about. that is who we are.
the nation of strivers and builders and dreamers and do nation of strivers and builders and dreamers and d oers. i say that to our great cabinet. they have done a great job. a lot of things have happened. nobody has done the job we have done. when government loosens its grip, there is no summit we cannot reach. andtax cut will break down, break down fast, all form of government and all forms of government barriers. they will unleash the american worker. hear down restraints on discovery, innovation, and creation. they will restore the hopes and dreams of the american family.
to heare are honored from a few of those wonderful and truly great families. right?and ashley, they are from lancaster county, pennsylvania. they have two beautiful children with a third on the way. bryant manages a farmer quitman store. -- farm equipment store. under our plan, they will drop to the 12% tax bracket. instead of itemizing, they will a able to file their taxes on single, little, beautiful sheet of paper. that is good. that is good. [applause] ofsident trump: instead paying $2600 in income taxes, they will get it down to $2000.
they will save $600 and more than that. bryant, ashley, how about saying a few words? you want to? come on. >> thank you, mr. president. it is an honor to be here. on behalf of the good people lancaster county and specifically my grandmother, well done. many of your predecessors promised this reform was coming, but you did it. we are greatly excited about this. with the tax savings we are going to see, we are going to put that money into home renovations. you were the one that got it over the finish line. thank you, mr. president. [applause] trump: another family joins us from ohio. that is a great state.
a lot of success in ohio. veteran who works in telecommunications. lindsay works in administration at a university. they have two beautiful children. they are currently in a 25% bracket and pay nearly $40,000 in taxes. -- $14,000 in taxes. our plan gives them their time back. it gives them nearly one third of their money back. nearly $3500 for one year. i would like to invite them to explain what our tax cuts will mean for them. these are very smart, sharp people. come on up. thank you. [applause] thank you, mr. president.
it is an honor you invited the family to the white house. this is going to be great for our family. we have home renovations we want to take care of, and hopefully to go totwo children college. thank you so much, mr. president. [applause] trump: another family is from polk county, iowa. he is a police officer. auburn is a 911 emergency dispatcher. when they are not at work protecting and serving, their hands are full with four wonderful children. this year, they were in the 25% bracket. they did everything they can. they paid more than $19,000 in taxes. they could very much, that is a lot of money. under our plan -- thank you very much, that is a lot of money.
save our plan, they will $2700. maybe you would like to say a few words. [applause] >> just want to thank president trump. education is very important to our family. our family will be able to save a lot of money. we have a lot of people going to school, my wife and i are both in graduate school finishing up. we still have four other kids to get to college. that will help out a lot. [applause] they are trump: pastors in a beautiful church in richmond, virginia. they have three wonderful children. they will get a larger tax refund to help them pay their
bills. they will receive a refund of $3000. love you to discuss your middle-class tax cut a little bit with the millions of people watching right now on television. you do very well, and it is indeed a beautiful church. i got to see a nice picture. come on in. [applause] [laughter] glory.od be the thank you president trump, for inviting us here. half of the benjamin family and richmond, virginia, we present families across the nation. african-american communities and urban families need this now. it is time for a change.
it is time that we rec ognize our president is making good on his promises. we will continue to keep praying for you and your team as you move forward and forge ahead. god bless you. [applause] president trump: he can be my minister anytime. the howard family lives in washington. machine service company. emily takes care of their children. they are currently in the 15% $2500.t and pay m our plan will wipe out their bill.
i would like to introduce them. come on up. [applause] >> i am going to speak for us today. we are blessed to be here. thank you, mr. president. our joy to stand before you. what this means to us is we will be able to pour out into our community, to being a way to families in need. setting them up for success in any way, whatever god has planned for our family. we are our goal and blessed to have such an amazing president and what a good steward he is our country. take you, mr. president. [applause] president trump: thank you, all. it is critical for congress to pass these historic tax cuts. that is going to take place, i think even before the media.
i use the word media, do you notice? as opposed to fake news media. today is a very important day. we want everybody to be covered accurately. ifm excited to announce, congress sends me a bill before irs, this is just out, breaking news. the irs has confirmed americans will see lower taxes and paychecks beginning in february. just two short months from now. just got that. we just got that. 55 years ago this week, president kennedy, democrat, launched a historic effort to pass tax cuts. cutting taxes is
neither a republican or democratic idea but an american principle and an american idea. the goal is for every american andnow the dignity of work the satisfaction of a job well done. we want people to love waking up in the morning and going to that incredible enthusiasm we have in this country. that is what we are going to be doing and what is going to be happening. we stand on the verge of a new economic miracle. to 3%onomy has surged growth, far ahead of schedule. in each of the last two orders -- if we didn't have the hurricanes, we could have hit four. a number that was unthinkable two years ago when i started the campaign, and even my first number in office -- year in office. it is going to go higher than that. we have created 2.2 million jobs
since the election. unemployment is at a 17 year low. the unemployment rate in the manufacturing business is the lowest in recorded history. is a 17 confidence point high. pensions and retirement accounts are soaring as the stock market hits 85 new record highs since election. how are we doing, are we doing ok? not bad, right? [applause] if congressump: sends me a tax reform, this is only a small beginning to the incredible things are people achieve or for a very short time. the tremendous height we will reach economically and so many other ways in our country, every day, as this victory draws closer. we are so close right now.
so close. in fact, almost -- i don't want to talk about it. maybe we shouldn't talk about it. [laughter] pres. trump: the cynical voices that opposed tax cuts grow smaller and weaker, and the american people grow stronger. i heard one of our opponents stand up the other day and say, this is for the rich. they had no idea. they didn't even see the final bill. i didn't see the final bill. this is for the people of middle-income. this is for companies that are going to create jobs. this is for very, very special people, the great people of america. everyday, hardworking americans know that the future of this nation will never belong to
those who say you can't -- it will always belong to the american people who will say we will. belongs to people like the glicks, the kovacs, the giampolos, the benjamins, the howards, and the millions of americans just like them across our nation, who pour out their hearts and souls every single day to take care of their families and the country they love and that we love. we are going to have a country that celebrates you again -- hardworking, great people. you're being celebrated again. remember that. because you were a little bit forgotten. we had called it "the forgotten people." somebody else called me and everybody else the "deplorables." have you ever heard that term? right? we're proud to be the deplorables, and we're doing well. we are going to make our tax system work for you again. we're going to make our economy work for you again. and we are going to make the american dream -- and that's the real dream -- that will be the dream that you want for your children and your grandchildren once again. but we need your help to get congress across that finish line.
we'll have very little democrat support, probably none, and that's purely for political reasons. they like it a lot, and they can't say it. they don't like what's happening. but they can't say it. some day we have to come together and do bipartisan, and hopefully it can happen soon. [applause] pres. trump: right? if you make your voices heard, this moment will be forever remembered as a great new beginning, the dawn of a brilliant american future shining with patriotism, prosperity, and pride. with your help, we will bring back our jobs; we will bring back our wealth as a country; and, for every citizen across this beautiful land, we will bring back our great american dreams. thank you and god bless you all.
announcer: sees man's at washington journal, live it every day with news and policy issues that impact you. coming up thursday morning, ohio congressman warren davidson discusses the alabama senate race, upcoming fiscal battles and talking about tax spending. government be sure to watch c-span's ," live everyournal est.ng at 7:00 a.m. >> franklin would be his only rival. everyone was impressed by jefferson's extent of knowledge. adams was smart and he did not
have the breadth. he did have the depth. not the jefferson could not, he was just not as interested in the law as adams. announcer: sunday on c-span's q&a, talking about the book "friends divided." >> adams was a realist. he did not believe all men work rated equal. he thought all men were created unequal. he did not believe in american exceptionalism. we americans are no different or better than other nations. jefferson was the opposite. now i think it is what most americans believe. we are all born equal and the differences are different experiences, different environments is. that is what was important to americans and what is important
to jefferson. announcer: sunday night on c-span. >> this weekend, c-span cities tour takes you to sarasota springs and upstate new york with the help of our spectrum partners. we will explore the literary life of this city known for its famous mineral springs. >> this is the place where ulysses grant penned his memoirs in 1885. he was dying of throat cancer and his family was facing serious financial problems. at this point in his life, he was a man trying to take care of his family and we get to tell a story here that most people do not know about. officer and chairman
tells his story. >> i thought a person addicted to heroin was living under a bridge somewhere pushing a shopping cart around but that is not the case. one of the most abused drugs on wall street right now amongst traders, these are easily professionals, or opioids. 2:00 p.m.,sunday at we will take a trip to the saratoga race course. and, we will visit the saratoga national historic park. >> the new york times magazine said the battles of saratoga were the most important battles ever fought in the entire world in the last 1000 years because they resulted in general burgoyne's surrender. it was the first time ever in world history that a british army surrendered. watch saturday at
noon eastern on c-span's book tv and sunday at 2 p.m. on american history tv on c-span3. workingan cities tour, with our cable partners as we >> to themrica. across on the house ways and means committee were critical of the republican tax plan. they met to talk about the tax legislation now being negotiated . joining them were house democratic leaders nancy pelosi and steny hoyer. [gamble pound -- gavel pound]
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