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  President Trump Holds Tax Reform Roundtable  CSPAN  June 25, 2018 12:55am-1:44am EDT

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their funding is stable so they can stabilize their schools. most important for all of us is to educate the students, and the best way to do that is a stable school. announcer: be sure to join us july 21 and 22nd when we feature our visit to alaska. andh it on listen on our free radio app. on saturday, president trump posted a roundtable in las vegas on the effects of the task -- tax cut laws passed last year. this is 45 minutes. announcer: ladies and gentlemen,
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the president of the united states, donald j trump. ♪ [applause] president trump: we love you. this is great. i give a speech and then a
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roundtable and a roundtable and a speech, and erie r. are. don't -- and here we but i don't want to go home, because i love your state. senator worked so hard with us to get the taxes cut. there was plenty of reform but we had one of the greatest tax cuts and reforms ever in our histories -- in our country's history. the biggest. and your attorney general, adam, you are running for governor. i think you are going to do great. [applause] thank my friend people don't realize he started out as a very good lawyer in new york and said he was going to go in the real estate business.
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he saw me do it. he was a great real estate lawyer and represents a lot of us in the manhattan real estate world. little building and it worked out. he did another, and it worked out. and now he has become a very wealthy, successful man. it is nice that he is here. nice guy. you what we have done has not been done before. we have created a lot of different things. regulation cuts, the biggest in history. days so far. you can go for years, eight 16 years, nobody has cut regulations like we have.
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nobody has created tax cuts like we have. no one is going to protect your second amendment like we will. for a lot of the small business the farmers, all the people we love and share -- cherish, no more state tax. in the old days, they had to go out and get financing and pay interest. they would lose their farms and businesses. --have cut the state tax estate tax. the heritage foundation this came out recently and said we have already implemented 64% of our top agenda items, that is ahead of anybody, including
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ronald reagan. we have done a lot of work in a short time. america is open for business. i got elected on make america great again. first,ted using america and that is what we are doing. we are renegotiating horrible trade deals. we have some of the worst deals i have ever seen. canada, mexico, you name it, we have a bad deal and we are changing those. we lost last year $800 billion on trade. i want to be precise. $817 billion. that is big money. that makes everything we do like a little peanut. we get do that. we are not going to do it. so we are negotiating deals.
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the steel industry is coming back. coming back and we are building new expansions. it has not been done in 35 years. one company just announced a $500 million plan today. another one is opening in ohio. pennsylvania, all of these incredible places are seeing the steel industry comeback. we need that and aluminum. we put a 25% tax or tariff on steel coming in. they were dumping it all over our country. if they want to dump it, they have to pay to dump it. our industry is coming back faster than we thought. if other countries are not going to treat us with respect, which
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they haven't, the big one is car tax. they send in cars to our country , ithe millions and we pay mean, if we send cars to them, they don't want it. if we send a car to china, they charge 25%. when china sent the car to us, we charge 2.5%. that doesn't work. we are going to change it and get along with everybody hopefully in the end, but we have to change it. it is not fair to our companies or workers. we had a great successful meeting with north korea. [applause] the process is beginning for the
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total denuclearization of north korea. out weks are going on are getting the remains back of our great heroes. so many people asked me. the remains are coming back. over 200 already. nobody has ever gotten anything or anybody back. the children and grandchildren want to get the remains back of their fathers and grandfathers and we are starting that. it has been incredible. we got our hostages back. the new york times said, well, obama got hostages back. yeah, but he paid $1.8 billion. we did not pay a penny. [applause] at the same time, north korea was very smart and they made it so we got it back and they are now living with their families. that was two months ago and now
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they are living very happily with their families and that was great and most importantly you have not and 80 rockets shot over japan, you haven't had missiles going off in japan, you haven't had any nuclear tests in the last seven months, you haven't had tests of any kind, sites of been blown up where they had the testing. they're getting rid of the engine sites, either engines, engines, they call them engines for ballistic missiles, that is going, and step-by-step it is working out well. we have a good relationship, we got along together, he is smart am a top, a great negotiate -- he is smart, tough, a great negotiator. visit, it was a two day visit, it was a great visit. it was quite something. we are very happy. we will get it done.
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and president she really helped us at the border. prime minister abbe was terrific and the president of south korea, we worked well together. president moon. it is a great team. things that everybody said were really impossible to do. nobody would believe it. before i got elected, in satellite we were going to war with north korea. that was going to cost the lives of 50 million people. 30 miles off the border of north korea has 28 million people. in new york we have 8 million, and we think that is big. l has 28 million people. they had thousands of cannons aimed their and we think -- there and we think
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we will have tremendous progress. we are doing very well. i would like to talk about, you can ask questions, or make some suggestions, but maybe i will ask, adam, do you want to start the process? >> i wanted to give you an update from the front lines on has beena's economy soaring in the last few years. we are seeing result of the economy firsthand. no state was hit harder by the recession. now business is stronger than ever. by 40,000en growing jobs per year. we had the lowest unemployment rate in more than a decade. manufacturing jobs are drawing -- growing at the fastest rate. these are good jobs that are well-paying that are able to sustain families.
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we saw construction jobs go up by 8% this year. we see record projects down here on the strip and all over nevada. we are at a record high for small business jobs. over 632,000 jobs and over 18,000 small new business jobs over the last year. businesses.d-pop your economic policies are working, thanks to tax cuts. america's economy is coming back. [applause] here in nevada, we are leading the charge. fastest growing private sector in the country, and a strong national economy, our job growth is nearly double that national
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average. wages are at a record high. this proves that lower taxes and fewer regulations get results. thank you very much for leading on those reforms. [applause] close with that we still have a lot more to do here and you have a lot more to do in the country. we have to fight to keep finding ways to reduce regulations that do not help our businesses and that our excesses -- and that are excessive. i look forward to working with you. thank you. [applause] trump: after the build up i gave you, steve, you better do a good job. >> it is a pleasure to be with
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you. i am here to tell a story and echo with the attorney general talked about about a project we are doing and a success story. i boughtr howard and the fountain blue project, which we have now renamed the true -- drew, after my son andrew. it is a 9 million-square-foot project that was 75% bill and then went through a foreclosure in the financial product -- financial crisis. since 2008.ant in large part because of the financial crisis. it is the only project i know that has lain dormant for all that time. for all the reasons you cited.
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pessimism among lenders and equity partners, and a prior contributedon that in my view by talking down las vegas. president trump has changed all of that would be tax package. is fullreform package of stimulative features like expensing, which we had not seen ,ince reagan, opportunity zones which not a lot of people are talking about and i think it will be invigorating in communities that need to see development, all of which are designed to encourage business activity. this administration's policy has led to significant gdp growth. positive business activity is made possible when governor --
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government comes together in a way to benefit everybody. project, in which we will start construction activity, we will create approximately 11,000 jobs in nevada. [applause] that's 3500 construction jobs and 7000 permanent jobs. we will create a solid investment for ourselves and make a contribution to u.s. gdp growth because of all of this and because of the president's policies. .ne more point about the drew i lost my son andrew to an opioid overdose years ago. the president came to his funeral.
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drew is named after him. tofamily is deeply grateful the president for taking on the fight against substance abuse, no one before him to get on. i think it is incredible. when this project is finished, my family will dedicate a significant portion of its interest towards the substance abuse fight so that my son's death will always have meaning. in my view, it is president trump who has created conditions for all of these things to happen. so thank you for having me today . i am deeply grateful to you, mr. president, for your tireless work, dedication to your country. it has been my blessing to have a close friendship with you for 30 years, and my honor to call you my president.
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[applause] good.ent trump: he did i knew andrew. he was a great young man. great family. father who loved him, a mother who loved him. great people. i just want to say it is an honor that you just said. . looked at that site it is going to be a great success. beautiful location. i saw the concept and design and it is going to be a tremendous success. congratulations. that's great. our breath -- barbara? .> thank you
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i am excited to talk with you about how the drew has impacted my life. i have lived here my whole life. i graduated in construction management and met my husband here. i am raising my two boys here. we love the city and i am excited to be in the city. i am a construction project evolution of how that happened is interesting. when i graduated in construction, growth and development in las vegas was booming. i was able to work on some of the amazing strip properties that exist today. ,ver the last eight years construction development has been slow. i was fortunate enough to be able to go to the fountain
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project and be the property manager there. one year ago, i met steve when he was looking at acquiring the property and i was lucky enough to be brought on to their team. i get to work on this amazing property and resort. when he brought me on, that brought job security that did not exist before. increased compensation. future growth development that did not exist before. i'm excited to be a part of this project. resort be an incredible when it is complete and the team is working to bring something amazing to the las vegas strip. i am a longtime resident and really excited about what is thereing in the city area is a -- city. there is a lot of growth and development.
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thank you for letting me be here. trump: thank you very much. i know you made a good deal. we have a very special person with us, alex acosta. labor andsecretary of has unveiled a health care plan. it will be millions and millions of people where they will have tremendous negotiating rights to buy health care. you can cross state lines which means you will have more competition. he has done a tremendous job as the secretary of labor, alex, say a few words. >> this is a great city to be
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talking about this. two hours ago, i met with the president and ceo of the las vegas chamber of commerce. i wanted to talk with her because the president unveiled these plans on tuesday. thursday, i read that mary beth was already moving to make these reality. these are so straightforward and simple. right now, small businesses have massive disadvantages in providing health care to their employees. the burden on small business is greater than on large companies. small businesses have a greater regulatory burden. and they do not have bargaining power. what if the las vegas metro chamber of commerce can bring all of the small businesses together and bargain on their behalf as if the chamber is the
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employer offering benefits? mary beth has already seen this opportunity and is already taking action. [applause] >> her point to meet was simple. they did a survey of their small businesses and one third of them said they could not afford health care anymore. a lot of the small business owners were saying they had to get a second job just to try to afford health care. as a result, they went without coverage. so she sees this as an opportunity for the chamber to empower small businesses to do with they do bill -- do what they do best, which is to create jobs and economic growth.
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be big.e going to thank you for moving so quickly, mary beth. president trump: she is a great negotiator. the insurance companies are going crazy for this. good luck. thanks, mary beth. make a good deal. hello. and i am thevin founder of the asian cultural alliance. for all americans across las vegas and the initiator of nevada, which are in line of it means to me, u.s. open for business.
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they just love you. [applause] too. love you, president trump: thank you. >> i want to thank senator dean help our great president for years on end. i am truly honored to join this roundtable with the president of .he united states, donald trump cut hasident, your tax
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delivered an enormous impact on our community. inee it day and and day out my work at the asian culture center, in my professional job as a home inspector. andr people are unemployed for the first time in eight years, has an values are increasing -- housing values are increasing. mr. president, you made a promise and you kept your promise. [applause] .> to make america great again
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our children's future depends on your decisions. thank you, mr. president. me and my kids are so proud of you. book.may i offer you a the author is in the audience. we are working hard to bring this to nevada as a culture of peace and the celebration of asian culture day. [applause] president trump: thank you.
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he did a good job, right? >> thank you. and continue to be our greatest president in the history. [applause] president trump: there you go. brian, that is tough to be. -- beat. >> i will try. i am the general manager of the southpointe casino and spa and the southpointe showroom. employees and 2200 hotel rooms. let me give two examples.
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on this property, i can assure you the tax cuts affected our employees and business. the first is, we were excited about the announcement. we knew it was the right move and we wanted to make sure our employees were excited. so shortly after the announcement was made, we asked the payroll director what it would cost us to do a second round of holiday bonus checks. he said, please prepare the checks and get them in the employees hands as soon as possible. [applause] that was a direct result. the second thing is something my boss was happy to do. we had not increased the cost of benefits in four years but in the last three years, health insurance costs had gone up 32%. we wereber we announced
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passing along some of the expense to the employees. with the announcement after we gave back the checks, we decided it wasn't enough and so he said, resend the increase to the employees. employees have not been seeing the increase. [applause] to the point of some of the other things that came about with regards to the appreciation changes, we had a three plan to remodel 2000 hotel rooms. it is hard. we hire accruing get them started and then we would have to fire them and six-month layer later, hirex months
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a different crew. instead of spending $30 million in 36 months, we are spending $30 million in 18 months, we are keeping the guys working. we are taking advantage of some of the things these guys are talking about. $18 billion in construction being planned or underway. the things are due to you and we want to thank you for everything you have done. we want to thank you for being here. it is a great honor. my friend jason is one of our employees. .e runs the mexican restaurant i would love to ask him to talk. thank you. [applause] >> think you. mr. president, good afternoon.
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career in august 2008. i worked my way up the ranks and started as a bus boy. through hard work and determination, i'm worked up to a management position. said, i also have a family member who works here, my mother. i could not have done it without her. she was a day one employee here at the southpointe in 2005. manager, but a also a family man. my wife is my rock. she is here today. thank you. we have two wonderful boys back
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at home. ages two and four. your tax cuts enabled our owner to give back $1 million collectively to the employees, myself included. you have no idea what that has meant for my family. thank you very much for that. [applause] president trump: that is very nice, thank you. jason, great hair. my friend. michael, say hello to my friend. great guy. >> i was born and raised here. my mom is from cuba and my dad
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is from indiana. they met in junior high. i am the oldest of six. i met my husband here. chicago andn in raised in lexington, kentucky. and listed the marine corps two weeks after high school. enlisted in the marine corps two weeks after high school. [applause] i was deployed here in las vegas where i met my wife. we have two children. blessed to have our children. my audience -- my daughter is here in the audience today. we are a family owned business. my grandmother started it. she was a horse trainer and was sick of being ripped off. she decided to go to the barnes directly and start buying the hay herself -- buying the
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herself. my dad turned it into a business. he sold a different feed stores and ranches. and now we own the business. >> we invested some money into it and expanded it. and dohave customers over $1 million in sales per year. gratis we've even done some lately. shipping one people ask me what i do and i say i sell hay in a and live it, they kind of give me a look. your tax cuts have really helped us. had a family member help with the money we are making, we have had an increase
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this year. our customers are confident in the economy. toore they were barely able afford their hey, now they are stocking up. >> with the significant increase in the deductions, we stand to $1760 next year alone. we appreciate your efforts for thank you ford the boost of money it and our pockets. [applause] trump: a very good speech. did you practice? good timing. so, a friend of mine, somebody
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who has been in the trenches, he fought very hard with all the republicans, we had no democratic support. it is too bad. to hot it will come back them. but senator dean heller has been somebody who got in there and fought as hard as anybody to make sure you got that tax cut and reform. the democrats are actually now saying they have a problem. this has worked out far better than anyone thought. when you had the regulations and everything with been doing, it is a great combination. we are talking about the economy getting well, it is going to get a lot better. expensing is something michael would know a lot about. it could be the sleeper in the bill. literallyother where
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trillions of dollars will come back into the country. billion they are bringing. approximately $250 billion back from overseas which we would of never seen without the reform on tax cuts. so that is just one example. [applause] pres. trump: we have many companies spending money. it is something very good full to see. is anjobs, it imagination, some a different elements are way. but our country is doing so well. it is going to do better. we're working hard on the border with immigration. we have to be strong on immigration the leptin let the in.t people we are developing a beautiful system. good butking out very
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we do have to be very strong. if we do not we will have millions and millions people come up and it will be a bad situation. if you look what the democrats are doing, they want to have a week order, open border. crimeill be a tremendous and lead to tremendous crime and problem for lots of people. we are working hard on it. it will get done properly. with be vigilant and strong, but a lot of good things are happening. so i went to introduce dean heller, a real champion and a hard worker and total winner. looks promising, it looks very good.
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he's going to win that race. we need you back in washington. [applause] >> mr. resident, thank you very much for coming back to nevada. listening to you and hearing the issues you discussed, health tax, immigration, crime, issues, all these issues, how the economy is doing is so important to us. so i want to thank you. all will share a quick story. having said that, i want to thank our panelists who are here today. i want to thank the labor secretary also. mr. president, we have heard
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stories today. there are a lot more out in the audience. having an opportunity to listen to this president, isn't it great? [cheers and applause] quickant to share one story. this meant a lot to me. the reformhs of package and struggles and fights, we did not have any support from the other side of the aisle. treasuryime with secretary steve mnuchin. we were having breakfast and anding to the depth of this were talking about whether it would do exactly the benefits we heard talk around this table today and he said to me, i want
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to show you something. it was a framed article on the wall next to his desk. journal, their announcement that the president, president trump had just nominated him as treasury secretary. the president sent this article to the secretary and what he wrote on it was important, he gdp.""i percent this guy gets nominated treasury secretary and the message he gets from his bosses, i want 5% gdp. where are we today? pres. trump: 3.2, where people would say a was on able to do full -- to say it would not be done.
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4.8. [applause] pres. trump: each point is said to be $3 trillion. think of that. point.lion, each each point is said to be 10 million jobs. doi think we're going to very well. and we are going higher than that. >> i just want everybody to know how hard this administration works every single day. every single day. fact that you have a treasury secretary who says to me, i know exactly what my boss wants. it sends a message not just to their office but across the board to everyone who works in this administration.
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mr. president, thank you for coming to nevada. thank you for all the hard work you do. president trump: you're welcome. thank all ofike to the people of the matter. it has been great for my standpoint. nevada has been great. so many friends, somebody friends just in the audience. we have to get our friends in office. we need to very badly. it that does not happen and if other things would happen, you will have a massive tax increase regulation increase. we can't let that happen. it is going to be a nasty race. pretty much all of them are. nobody knows why. he know what chris market has been. said, has iteone i
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always been that nasty? he said there were three different times when he thought it was worth. i said, that's hard to believe. but it is tough stuff. we are winning like nobody has ever been winning before. back around. thank you very much. appreciate it. thank you. ♪
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announcer: this week on the communicators, talking about the elimination of net neutrality .nd the expected surge the administration under felt it should not go to three. so that point, t-mobile and spectrum did not try to merge. >> i did not have such a
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structure. i want to take the applications and analyze that in terms of what is the data presented. what are the circumstances and the marketplace? what are the capabilities? what are they providing and what opportunities can they bring to the american people? what is there debt load they are bringing on? will they be able to offset that? i would look at what was expected. there are benefits to having more and stronger providers. i want to see what it will be and i will take it as presented to me. >> watch monday at 8:00 p.m. eastern on c-span two. announcer: this week the c-span
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alaska,el to juneau, with the help of our cable partner. the bus continues its trip across alaska by fairy ahead of our stop in fairbanks. join us when we will feature our visit to alaska. watch alaska visit on c-span,, or listen on our free c-span radio app. from wilburtimony ross. this hearing is two hours and 20 minutes.