1 00:00:00,0 --> 00:00:03,635 ONE OF THE EARLY ISSUES THAT IS BEING DISCUSSED IN THE 2 00:00:03,637 --> 00:00:04,253 NEGOTIATIONS THAT ARE CURRENTLY TAKING PLACE. 3 00:00:04,255 --> 00:00:06,904 IF THERE IS NO DEAL AND WE ARE WORKING TO ENSURE WE GET A GOOD 4 00:00:06,906 --> 00:00:10,148 DEAL, IF THERE IS NO DEAL THEN OBVIOUSLY WE WILL HAVE TO HAVE 5 00:00:10,150 --> 00:00:13,292 ARRANGEMENT WITH OTHER MEMBER STATES ABOUT NOT JUST EU 6 00:00:13,294 --> 00:00:16,303 CITIZENS BUT ABOUT UK CITIZENS IN THOSE -- 7 00:00:16,305 --> 00:00:19,261 WE WILL EAT THIS RECORD A PRIME MINISTER'S QUESTION 8 00:00:19,263 --> 00:00:20,909 PROGRAM. YOU CAN WATCH IT ENTIRELY AT 9 00:00:20,911 --> 00:00:28,997 C-SPAN.ORG. LIFE NOW FOR PRESIDENT TRUMP. 10 00:00:28,999 --> 00:00:39,611 LIVE COVERAGE ON C-SPAN2. ¶ 11 00:00:39,612 --> 00:00:40,678 [APPLAUSE] THANK YOU VERY MUCH, LADIES AND 12 00:00:40,680 --> 00:00:44,335 GENTLEMEN. IT'S GREAT TO BE BACK IN 13 00:00:44,337 --> 00:00:48,580 PENNSYLVANIA WITH THE PROUD MEN AND WOMEN OF THE AMERICAN 14 00:00:48,582 --> 00:00:52,353 TRUCKING ASSOCIATIONS. [APPLAUSE] 15 00:00:52,355 --> 00:00:58,683 WE LOVE PENNSYLVANIA, AND WE LOVE OUR GREAT TRUCKERS. 16 00:00:58,685 --> 00:01:02,474 [APPLAUSE] I ALSO WANT TO THANK ALL OF OUR 17 00:01:02,476 --> 00:01:06,738 WONDERFUL MEMBERS OF CONGRESS WHO ARE HERE WITH US TODAY. 18 00:01:06,740 --> 00:01:09,258 SHOULD I READ THEIR NAMES? YES? 19 00:01:09,260 --> 00:01:15,394 THEN I WILL. REPRESENTATIVE LOU BARLETTA, 20 00:01:15,396 --> 00:01:18,612 GREAT GUY, RUNNING FOR GOVERNOR. HE'S RUNNING FOR THE SENATE. 21 00:01:18,614 --> 00:01:21,646 HE'S RUNNING FOR -- WHERE HE IS LOU? 22 00:01:21,648 --> 00:01:22,177 SORRY, I HEARD HE WAS RUNNING FOR GOVERNOR BUT THEN I HEARD HE 23 00:01:22,179 --> 00:01:24,332 WAS RUNNING FOR THE SENATE. HE'S GOING TO WIN. 24 00:01:24,334 --> 00:01:29,337 YOU ARE GOING TO WIN BIG. YOU ARE GOING TO WIN BIG, BLUE, 25 00:01:29,339 --> 00:01:31,902 GOOD LUCK. A FRIEND OF MY FOR A LONG TIME, 26 00:01:31,904 --> 00:01:39,34 REPRESENTATIVE MIKE KELLY. THANK YOU, MIKE. 27 00:01:39,36 --> 00:01:38,235 TOM MARINO GOING TO BE THE DRUG CZAR. 28 00:01:38,237 --> 00:01:42,684 HE'S GOING TO DO A GREAT JOB. THANK YOU, TOM. 29 00:01:42,686 --> 00:01:46,605 WILL BE AMAZING, THE DRUG CZAR. PATRICK MEEHAN. 30 00:01:46,607 --> 00:01:50,33 PATRICK. THANK YOU, PATRICK. 31 00:01:50,35 --> 00:01:51,891 SCOTT PERRY. SCOTT. 32 00:01:51,893 --> 00:01:55,395 [APPLAUSE] AND LLOYD SMUCKER. 33 00:01:55,397 --> 00:01:57,463 LLOYD, THANK YOU. THANK YOU, LLOYD. 34 00:01:57,465 --> 00:02:01,968 I ALSO WANT TO THANK A COUPLE OF VERY SPECIAL PEOPLE. 35 00:02:01,970 --> 00:02:06,440 THEY HAVE BEEN FANTASTIC IN WHAT THEY HAVE DONE. 36 00:02:06,442 --> 00:02:09,276 SECRETARY OF THE TREASURY, STEVEN MNUCHIN, WHO IS HERE 37 00:02:09,277 --> 00:02:12,412 SOMEPLACE. THERE HE IS. 38 00:02:12,414 --> 00:02:16,416 AND GARY COHN, DIRECTOR OF THE NATIONAL ECONOMIC COUNCIL. 39 00:02:16,417 --> 00:02:20,988 THANK YOU, GARY. THANK YOU. 40 00:02:20,990 --> 00:02:22,856 AND MIKE TURNER'S EYE, THE SPEAKER OF THE PENNSYLVANIA 41 00:02:22,858 --> 00:02:28,128 HOUSE OF REPRESENTATIVES, THANK YOU, MIKE. 42 00:02:28,130 --> 00:02:32,132 I THINK THAT'S ENOUGH, RIGHT? THAT'S ENOUGH. 43 00:02:32,134 --> 00:02:35,976 WE WILL START LOSING THE CROWD, MIKE. 44 00:02:35,978 --> 00:02:39,403 BEFORE WE GET I WANT TO TAKE A MOMENT TO ADDRESS SOME OF THE 45 00:02:39,405 --> 00:02:44,256 RECENT TRAGEDIES THAT A STRUCK OUT INCREDIBLE NATION. 46 00:02:44,258 --> 00:02:50,498 IN THE DARKEST MOMENTS, THE LIGHT OF OUR PEOPLE HAS SHOWN 47 00:02:50,500 --> 00:02:54,20 THROUGH LIKE SELDOM BEFORE. THEIR GOODNESS, , THEIR COURAGE 48 00:02:54,22 --> 00:02:58,192 AND THEIR LOVE. NO DESTRUCTIVE FORCE ON EARTH IS 49 00:02:58,194 --> 00:03:00,927 MORE POWERFUL THAN THE STRENGTH AND RESILIENCE OF THE AMERICAN 50 00:03:00,929 --> 00:03:07,300 PEOPLE. [APPLAUSE] 51 00:03:07,302 --> 00:03:09,169 WE ARE PRAYING FOR ALL OF THE FAMILIES AFFECTED BY THE 52 00:03:09,171 --> 00:03:14,7 HORRIFIC MASS SHOOTING THAT TOOK PLACE IN LAS VEGAS. 53 00:03:14,9 --> 00:03:19,779 WE GRIEVE WITH YOU, AND WE WILL NEVER LEAVE YOUR SIDE. 54 00:03:19,781 --> 00:03:24,718 OUR HEARTS ARE ALSO WITH THE VICTIMS OF THE WILDFIRES IN 55 00:03:24,720 --> 00:03:29,990 CALIFORNIA'S NAPA AND SONOMA VALLEYS. 56 00:03:29,992 --> 00:03:34,460 AND THEY ARE WILD AND DANGEROUS FIRES, AND WE HAVE FEMA OUT 57 00:03:34,462 --> 00:03:37,264 THERE RIGHT NOW ALONG WITH A LOT OF FIRST RESPONDERS DOING AN 58 00:03:37,266 --> 00:03:41,67 INCREDIBLE JOB WITH EVERYBODY ELSE, AND THEY REALLY HAVE DONE 59 00:03:41,69 --> 00:03:48,125 A VERY INCREDIBLE AND IT IS A VERY DANGEROUS, MY FEMA PEOPLE 60 00:03:48,127 --> 00:03:57,9 ARE INCREDIBLE, INCREDIBLE. [APPLAUSE] 61 00:03:57,11 --> 00:03:57,299 WE HAVE ISSUED A DISASTER DECLARATION AND ARE WORKING 62 00:03:57,301 --> 00:04:01,516 CLOSELY WITH STATE GOVERNMENT, THE RECOVERY EFFORT IS FULLY 63 00:04:01,518 --> 00:04:10,83 UNDERWAY FOR THOSE IMPACTED BY THE RECENT CATASTROPHIC 64 00:04:10,85 --> 00:04:12,421 HURRICANES. THROUGH THESE DIFFICULT TIMES WE 65 00:04:12,423 --> 00:04:15,914 HAVE WITNESSED THE UNBREAKABLE SPIRIT OF OUR NATION. 66 00:04:15,916 --> 00:04:19,644 TOGETHER, WE WILL RESTORE, REVEALED, AND RETURN STRONGER 67 00:04:19,646 --> 00:04:24,576 THAN EVER BEFORE. THAT'S WHAT'S HAPPENING. 68 00:04:24,578 --> 00:04:31,376 [APPLAUSE] WE ARE HERE TODAY TO DISCUSS OUR 69 00:04:31,378 --> 00:04:37,619 VISION FOR AMERICA'S ECONOMIC REVIVAL, WHICH HAS ALREADY 70 00:04:37,621 --> 00:04:39,358 STARTED TO GET STARTED ON NOVEMBER 8. 71 00:04:39,360 --> 00:04:40,954 [APPLAUSE] WE WANT LOWER TAXES, BIGGER 72 00:04:40,956 --> 00:04:45,840 PAYCHECKS, AND MORE JOBS FOR AMERICAN TRUCKERS, AND FOR 73 00:04:45,842 --> 00:04:53,550 AMERICAN WORKERS. [APPLAUSE] 74 00:04:53,552 --> 00:04:56,476 NOTHING GETS DONE IN AMERICA WITHOUT THE HARD-WORKING MEN AND 75 00:04:56,478 --> 00:04:58,812 WOMEN OF THE TRUCKING INDUSTRY. DO WE AGREE WITH THAT? 76 00:04:58,814 --> 00:05:01,14 DO WE AGREE? THANK YOU SO MUCH. 77 00:05:01,16 --> 00:05:04,950 THE JOB YOU DO. WHEN YOUR TRUCKS ARE MOVING, 78 00:05:04,953 --> 00:05:11,858 AMERICA IS GROWING. DO YOU AGREE? 79 00:05:11,860 --> 00:05:17,930 [APPLAUSE] THAT IS WHY MY ADMINISTRATION 80 00:05:17,933 --> 00:05:22,69 HAS TAKEN THE STEPS TO REMOVE THE BARRIERS THAT HAVE SLOWED 81 00:05:22,71 --> 00:05:25,138 YOU DOWN. AMERICA FIRST IS PUTTING 82 00:05:25,140 --> 00:05:31,778 AMERICAN TRUCKERS FIRST. [APPLAUSE] 83 00:05:31,780 --> 00:05:37,250 SINCE JANUARY OF THIS YEAR WE HAVE SLASHED JOB KILLING RED 84 00:05:37,252 --> 00:05:40,841 TAPE ALL ACROSS OUR ECONOMY. WE STOPPED OR ELIMINATED MORE 85 00:05:40,843 --> 00:05:46,493 REGULATIONS IN THE LAST EIGHT MONTHS THAN ANY PRESIDENT HAS 86 00:05:46,495 --> 00:05:50,196 DONE DURING AN ENTIRE TERM. [APPLAUSE] 87 00:05:50,199 --> 00:05:57,70 NOT EVEN CLOSE. THAT INCLUDES ELIMINATING THE 88 00:05:57,72 --> 00:06:06,82 REGULATIONS THAT DRIVE UP THE COST OF ENERGY HERE WE WANT LOW 89 00:06:06,84 --> 00:06:14,801 COST FUEL FOR OUR TRUCKERS AND FOR OUR FAMILIES ALL ACROSS THIS 90 00:06:14,803 --> 00:06:14,571 COUNTRY. AND WE ARE JUST GETTING STARTED, 91 00:06:14,573 --> 00:06:17,536 BELIEVE ME. JUST GETTING STARTED. 92 00:06:17,539 --> 00:06:18,220 [APPLAUSE] I'VE ORDERED EVERY AGENCY ACROSS 93 00:06:18,222 --> 00:06:20,760 FEDERAL GOVERNMENT TO REVIEW AND THEN REMOVE THE REGULATIONS THAT 94 00:06:20,763 --> 00:06:26,132 DESTROY YOUR JOBS, HAMSTRING OR COMPANIES, AND UNDERMINE YOUR 95 00:06:26,135 --> 00:06:28,391 ABILITY TO COMPETE. MY ADMINISTRATION IS ALSO 96 00:06:28,393 --> 00:06:34,764 COMMITTED TO PASSING A HISTORIC INFRASTRUCTURE PACKAGE THAT WILL 97 00:06:34,766 --> 00:06:39,440 GENERATE $1 BILLION TO REBUILD AMERICA'S CRUMBLING 98 00:06:39,442 --> 00:06:44,150 INFRASTRUCTURE, WITH A SPECIAL FOCUS ON ROADWAYS AND HIGHWAYS. 99 00:06:44,152 --> 00:06:51,891 [APPLAUSE] IT IS TIME TO TAKE CARE OF OUR 100 00:06:51,894 --> 00:06:55,595 COUNTRY, TO REBUILD OUR COMMUNITIES, AND TO PROTECT OUR 101 00:06:55,597 --> 00:07:00,32 GREAT AMERICAN WORKERS. IT'S ABOUT TIME. 102 00:07:00,35 --> 00:07:06,305 [APPLAUSE] AND ALREADY WE ARE SEEING THE 103 00:07:06,308 --> 00:07:12,511 INCREDIBLE RESULTS, RESULTS THAT IN MANY CASES THE MEDIA HATES TO 104 00:07:12,514 --> 00:07:16,782 REPORT, BUT I'LL REPORT THEM TONIGHT FOR THEM. 105 00:07:16,785 --> 00:07:22,355 UNEMPLOYMENT IS AT A 16 YEAR LOW. 106 00:07:22,357 --> 00:07:27,394 [APPLAUSE] WAGES ARE RISING, AND YOU KNOW 107 00:07:27,396 --> 00:07:32,966 YOU HAVE HEARD THAT IN A LONG TIME. 108 00:07:32,968 --> 00:07:37,867 THE STOCK MARKET IS SOARING TO RECORD LEVELS, BOOSTING PENSIONS 109 00:07:37,869 --> 00:07:41,235 AND RETIREMENT ACCOUNTS FOR HARD-WORKING AMERICANS. 110 00:07:41,237 --> 00:07:48,684 THEIR VALUES ARE GOING UP EVERY SINGLE DAY. 111 00:07:48,686 --> 00:07:49,850 [APPLAUSE] AND VERY PROBABLY JUST IN THE 112 00:07:49,852 --> 00:08:00,200 STOCK MARKET ALONE WE'VE INCREASED OUR ECONOMIC WORTH BY 113 00:08:00,202 --> 00:08:02,376 $5.2 TRILLION. THAT'S RIGHT, SINCE ELECTION 114 00:08:02,378 --> 00:08:08,814 DAY, I $.2 TRILLION. THINK ABOUT THAT. 115 00:08:08,816 --> 00:08:10,636 THAT'S A QUARTER OF THE $20 TRILLION THAT WE OWE. 116 00:08:10,639 --> 00:08:14,140 SO WE'VE ALREADY, BUT LISTEN TO THIS. 117 00:08:14,142 --> 00:08:17,810 BECAUSE WE'VE DOUBLED IN THE LAST EIGHT YEARS OF THE PREVIOUS 118 00:08:17,812 --> 00:08:23,716 ADMINISTRATION THE DEBT DOUBLED. SO THAT IN EIGHT YEARS OUR DEBT 119 00:08:23,718 --> 00:08:30,757 LITERALLY HUNDREDS OF YEARS OF DEBT DOUBLED IN EIGHT YEARS TO 120 00:08:30,759 --> 00:08:32,859 $20 TRILLION. BUT SINCE THE ELECTION ON 121 00:08:32,861 --> 00:08:38,364 NOVEMBER 8, I'VE INCREASED THE VALUE OF YOUR U.S. ASSETS BY 122 00:08:38,367 --> 00:08:40,966 MORE THAN A $20 A $20 TRILLIONE CURRENTLY OWE. 123 00:08:40,968 --> 00:08:45,202 YOU HAVEN'T HEARD THOSE NUMBERS. [APPLAUSE] 124 00:08:45,204 --> 00:08:57,867 GDP GROWTH REACHED MORE THAN 3.1% LAST QUARTER, WAY AHEAD OF 125 00:08:57,869 --> 00:09:03,458 SCHEDULE. WE WERE NOT SUPPOSED TO HIT THAT 126 00:09:03,460 --> 00:09:08,803 NUMBER FOR A LONG TIME. NOT FOR A LONG TIME. 127 00:09:08,805 --> 00:09:08,766 AND I WILL TELL YOU, , I THINK THIS QUARTER WOULD'VE EVEN BEEN 128 00:09:08,768 --> 00:09:12,564 BETTER BUT WE DID KEEP HIT WITH SOME VERY, VERY POWERFUL 129 00:09:12,566 --> 00:09:12,364 HURRICANES. BUT IT IS STILL GOING TO BE VERY 130 00:09:12,366 --> 00:09:14,389 GOOD. MANUFACTURING CONFIDENCE IS AT 131 00:09:14,391 --> 00:09:17,825 AN ALL-TIME HIGH, WHICH IS GREAT NEWS FOR THOSE WHO SHIP PRODUCTS 132 00:09:17,827 --> 00:09:20,430 TO THE MARKETPLACE. THE CONFIDENCE IN OUR COUNTRY IS 133 00:09:20,432 --> 00:09:25,500 BACK LIKE IT HASN'T BEEN IN MANY, MANY YEARS. 134 00:09:25,502 --> 00:09:38,277 [APPLAUSE] THE FACT IS AMERICA IS FINALLY 135 00:09:38,279 --> 00:09:42,734 BACK ON THE RIGHT TRACK, BUT OUR COUNTRY AND OUR ECONOMY CANNOT 136 00:09:42,736 --> 00:09:50,796 TAKE OFF LIKE THEY SHOULD IN LESS WE TRANSFORM AMERICA'S 137 00:09:50,798 --> 00:09:53,742 OUTDATED, COMPLEX, AND EXTREMELY BURDENSOME TAX CODE. 138 00:09:53,744 --> 00:10:01,878 [APPLAUSE] AND THAT'S WHAT I'M HERE WITH 139 00:10:01,880 --> 00:10:05,633 YOU RIGHT NOW TONIGHT, THANK YOU. 140 00:10:05,635 --> 00:10:09,233 WE WE'RE GOING TO FIGHT AND WE'E GOING TO GET THOSE REPUBLICANS 141 00:10:09,235 --> 00:10:13,626 AND MAYBE A FEW OF THOSE DEMOCRATS TO RAISE THEIR HANDS 142 00:10:13,628 --> 00:10:19,647 AND WILL HAVE SO MUCH MONEY TO SPEND IN THIS WONDERFUL COUNTRY. 143 00:10:19,649 --> 00:10:28,246 AND THIS GREAT ECONOMY. THAT IS WHY WE PROPOSE TAX CUTS 144 00:10:28,248 --> 00:10:27,223 THAT ARE PRO-GROWTH, PRO-JOBS, PRO-WORKER, PROFAMILY AND 145 00:10:27,225 --> 00:10:33,295 PRO-AMERICAN. [APPLAUSE] 146 00:10:33,297 --> 00:10:31,264 WE NEED A TAX SYSTEM THAT IS FAIR TO WORKING FAMILIES, AND 147 00:10:31,266 --> 00:10:35,948 THAT ENCOURAGES COMPANIES TO STAY IN AMERICA, GROW IN 148 00:10:35,950 --> 00:10:42,455 AMERICA, SPEND IN AMERICA, AND HIGHER IN AMERICA. 149 00:10:42,457 --> 00:10:48,560 [APPLAUSE] THROUGHOUT THE YEAR YEARS MY 150 00:10:48,562 --> 00:10:50,596 ADMINISTRATION HAS WORKED CLOSELY WITH CONGRESS TO DEVELOP 151 00:10:50,598 --> 00:10:57,70 A FRAMEWORK FOR TAX REFORM THAT WILL DELIVER EXACTLY THAT, MORE 152 00:10:57,72 --> 00:11:01,573 JOBS, HIGHER PAY AND LOWER TAXES FOR MIDDLE INCOME FAMILIES AND 153 00:11:01,575 --> 00:11:07,13 FOR AMERICAN BUSINESSES OF ALL SIZE. 154 00:11:07,15 --> 00:11:14,788 [APPLAUSE] OUR TAX REFORM FRAMEWORK WILL 155 00:11:14,790 --> 00:11:15,789 ACHIEVE OUR FOUR CORE PRINCIPLES. 156 00:11:15,791 --> 00:11:23,129 FIRST, WE WILL CUT TAXES FOR EVERY DAY, HARD-WORKING 157 00:11:23,131 --> 00:11:23,862 AMERICANS. [APPLAUSE] 158 00:11:23,864 --> 00:11:30,703 UNDER OUR FRAMEWORK THE FIRST $12,000 FOR A SINGLE INDIVIDUAL, 159 00:11:30,705 --> 00:11:36,742 AND THE FIRST $24,000 FOR A MARRIED COUPLE WILL BE TAX-FREE. 160 00:11:36,744 --> 00:11:40,747 NO TAX AT ALL. [APPLAUSE] 161 00:11:40,749 --> 00:11:48,153 AND REMEMBER, YOU WILL DO YOUR TAX ON A SINGLE PIECE OF PAPER. 162 00:11:48,156 --> 00:11:59,142 [APPLAUSE] H&R BLOCK WILL NOT LIKE DONALD 163 00:11:59,144 --> 00:12:07,143 TRUMP VERY MUCH. THAT'S ONE COMPANY I WILL TELL 164 00:12:07,145 --> 00:12:10,298 YOU. THEY WILL NOT LIKE ME AT ALL, 165 00:12:10,300 --> 00:12:13,397 AND THAT'S OKAY. WE ARE NEARLY DOUBLING THE 166 00:12:13,399 --> 00:12:19,377 AMOUNT OF INCOME THAT IS BASED AT THE ZERO BRACKET. 167 00:12:19,379 --> 00:12:18,385 IN OTHER WORDS, AS THE DEMOCRATS SAY, AND DO THEY SAY UNTRUTHS, 168 00:12:18,387 --> 00:12:20,526 YOU LOOK AT WHAT'S HAPPENED. THEY ARE NOT TELLING YOU THE 169 00:12:20,528 --> 00:12:24,897 TRUTH. BECAUSE THEY PRETEND THERE ISN'T 170 00:12:24,899 --> 00:12:25,917 A ZERO RATE, AND THERE IS, AND ITS EXPANDING VERY SUBSTANTIALLY 171 00:12:25,919 --> 00:12:30,663 UNDER MY PLAN, THEY DON'T SHOW THE ZERO RATE SO THEY GO, OH, 172 00:12:30,665 --> 00:12:35,869 18% TO 12% AGAINST 15. BUT IT'S NOT. 173 00:12:35,871 --> 00:12:41,473 IT'S 12% AGAINST ZERO. YOU TAKE A LOOK AT THE 174 00:12:41,476 --> 00:12:43,609 CATEGORIES. SO WE'RE BRINGING IT DOWN. 175 00:12:43,611 --> 00:12:46,411 REMEMBER, FROM EIGHT BRACKETS TO FOUR. 176 00:12:46,414 --> 00:12:51,49 BUT THEY ARE FORGETTING TO USE THE ZERO BRACKET, WHICH JULIE IS 177 00:12:51,52 --> 00:12:54,387 DECEPTIVE. DO WE AGREE WITH THAT? 178 00:12:54,389 --> 00:12:59,958 TRULY VERY DECEPTIVE. UNDER A FRAMEWORK WE MAKE THE 179 00:12:59,960 --> 00:13:05,297 ZERO BRACKET BIGGER AND GET RID OF THE 10% BRACKET, AND WE'RE 180 00:13:05,299 --> 00:13:10,684 REDUCING THE 15% RATE DOWN TO 12%. 181 00:13:10,686 --> 00:13:16,36 SO THAT'S A MASSIVE AMOUNT OF MONEY. 182 00:13:16,38 --> 00:13:21,845 [APPLAUSE] SO THE RATES ARE COMING DOWN TO 183 00:13:21,847 --> 00:13:28,616 ZERO, 12%, 25%, AND 35%. ALL BIG BENEFICIARIES FROM WHAT 184 00:13:28,618 --> 00:13:30,981 YOU HAVE NOW. BIG BENEFICIARIES FROM WHAT 185 00:13:30,983 --> 00:13:31,757 THERE IS LIKE YOU HAVEN'T SEEN BEFORE. 186 00:13:31,760 --> 00:13:38,263 JOINING US TODAY IS SUZY, A RETIREE WHO RECENTLY MOVED TO 187 00:13:38,265 --> 00:13:41,434 PENNSYLVANIA FROM QUEENS NEW YORK. 188 00:13:41,436 --> 00:13:43,635 WELL, I LIKE BOTH PLACES. I LIKE PENNSYLVANIA. 189 00:13:43,638 --> 00:13:46,872 I GREW UP IN QUEENS. WENT TO SCHOOL IN PENNSYLVANIA. 190 00:13:46,875 --> 00:13:51,978 LIKE THEM BOTH. WHERE IS SUZY? 191 00:13:51,980 --> 00:13:54,814 HI, SUZY. HOW ARE YOU DOING? 192 00:13:54,816 --> 00:13:56,648 YOU GOING TO BE HAPPY WITH THIS, RIGHT? 193 00:13:56,651 --> 00:13:58,17 BECAUSE YOU KNOW WHAT I'M GOING TO SAY. 194 00:13:58,19 --> 00:14:01,520 THANKS, SUZY. AND SUZY SAYS HIGH TAXES ARE 195 00:14:01,523 --> 00:14:08,460 FORCING SENIORS LIKE HER TO MAKE PAINFUL CUTS AND CUTBACKS DURING 196 00:14:08,463 --> 00:14:11,697 THE GOLDEN YEARS OF THEIR LIVES. TEST USE OF THEIR LIVES. 197 00:14:11,700 --> 00:14:16,169 SHE HOPES CONGRESS WILL PASS OUR FRAMEWORK SO WE CAN HELP MORE 198 00:14:16,171 --> 00:14:19,372 AMERICAN SENIORS MAKE ENDS MEET ON A FIXED INCOME. 199 00:14:19,374 --> 00:14:26,913 WE MUST HONOR AND RESPECT -- [APPLAUSE] 200 00:14:26,915 --> 00:14:32,18 THE PEOPLE WHOSE DECADES OF HARD WORK HELPED TO BUILD OUR COUNTRY 201 00:14:32,20 --> 00:14:37,590 AND TO MAKE OUR COUNTRY GREAT, BUT WE'RE GOING TO MAKE OUR 202 00:14:37,592 --> 00:14:39,325 COUNTRY GREATER THAN IT'S EVER BEEN BEFORE. 203 00:14:39,327 --> 00:14:46,932 THAT'S WHAT'S HAPPENING. [APPLAUSE] 204 00:14:46,934 --> 00:14:53,539 OUR FRAMEWORK ALSO PROVIDES RELIEF TO THOSE WHO CARE FOR AN 205 00:14:53,541 --> 00:14:59,945 ADULT DEPENDENT OR ELDERLY LOVED ONE THROUGH A $500 TAX CREDIT. 206 00:14:59,947 --> 00:15:04,450 SO IMPORT, SO WE PEOPLE HAVE WANTED IT, AND WE WILL 207 00:15:04,452 --> 00:15:09,856 SUBSTANTIALLY INCREASE THE CHILD TAX CREDIT TO SAVE WORKING 208 00:15:09,858 --> 00:15:17,497 FAMILIES EVEN MORE MONEY. [APPLAUSE] 209 00:15:17,499 --> 00:15:19,364 THE SINGLE MOST IMPORTANT INVESTMENT OUR COUNTRY CAN MAKE 210 00:15:19,367 --> 00:15:22,869 IS IN OUR CHILDREN. THE STRENGTH OF OUR NATION IS 211 00:15:22,871 --> 00:15:27,150 DETERMINED BY THE STRENGTH OF OUR FAMILIES, AND WE'RE 212 00:15:27,152 --> 00:15:34,56 COMMITTED TO HELPING PARENTS MAKE STARTING AND RAISING A 213 00:15:34,58 --> 00:16:28,636 FAMILY MORE AFFORDABLE. THE BENEFIT PERFORM GO TO THE 214 00:16:28,638 --> 00:16:31,536 MIDDLE CLASS, NOT TO THE HIGHEST EARNERS. 215 00:16:31,539 --> 00:16:39,151 IT IS A MIDDLE-CLASS BILL. THAT'S WHAT WERE THINKING OF, 216 00:16:39,153 --> 00:16:41,766 THAT'S WHAT I WANT. I'VE HAD RICH FRIENDS COME UP 217 00:16:41,768 --> 00:16:44,655 TO ME AND SAY YOU ARE DOING THIS TAX PLAN, WE DON'T WANT 218 00:16:44,657 --> 00:17:01,2 ANYTHING, WE DON'T. THEY GAIN WHEN THE ECONOMY 219 00:17:01,4 --> 00:17:06,980 GAINS, THEY GAIN WHEN THINGS GET BETTER, THEY GAIN IN LOTS 220 00:17:06,982 --> 00:17:08,104 OF WAYS BUT SO MANY PEOPLE HAVE COME UP TO ME AND SAID 221 00:17:08,106 --> 00:17:10,306 GIVE IT TO THE MIDDLE CLASS. GIVE WANT TO SPEND IT. 222 00:17:10,307 --> 00:17:15,627 YOU WOULD BE SURPRISED. THE OWNER OF THE NEW ENGLAND 223 00:17:15,629 --> 00:17:19,449 PATRIOTS DOES A GREAT JOB, HE WAS AT THE WHITE HOUSE. 224 00:17:19,451 --> 00:17:25,136 HE GAVE ME A SUPER BOWL RING. I WAS VERY HONORED. 225 00:17:25,138 --> 00:17:30,281 AS HE WAS LEAVING THE WHITE HOUSE, HE SAID I KNOW YOU'RE 226 00:17:30,282 --> 00:17:38,594 VERY SOON GOING TO BE DOING TAX REFORM AND TAX CUTS, GO TO 227 00:17:38,596 --> 00:17:46,806 MIDDLE-CLASS. YOU WILL SEE HOW GOOD THIS 228 00:17:46,807 --> 00:17:56,919 IS. OUR FRAMEWORK IS TO MAKE THE 229 00:17:56,921 --> 00:17:49,572 TAX CODE MORE SIMPLE, FAIR, AND EASY TO UNDERSTAND. 230 00:17:49,573 --> 00:17:58,460 AMERICAN FAMILIES AND BUSINESSES WASTE BILLIONS OF 231 00:17:58,462 --> 00:18:03,160 HOURS AND TENS OF BILLIONS OF DOLLARS ON EXCRUCIATING 232 00:18:03,162 --> 00:18:00,595 PAPERWORK. YOU SEE THAT. 233 00:18:00,597 --> 00:18:05,98 IT'S ALL OVER THE PLACE AND YOU HAVE NO IDEA WHAT YOU'RE 234 00:18:05,99 --> 00:18:10,249 DOING ANYWAY. MASSIVE COMPLIANCE EVERY 235 00:18:10,251 --> 00:18:12,905 SINGLE YEAR. UNDER OUR FRAMEWORK MANY 236 00:18:12,906 --> 00:18:17,876 FAMILIES WILL BE ABLE TO FILE THEIR TAXES ON THAT SAME 237 00:18:17,878 --> 00:18:26,552 SINGLE SHEET OF PAPER THAT I AM SO'S PROUD OF TALKING ABOUT. 238 00:18:26,553 --> 00:18:35,93 AS PART OF THE EFFORT TO MAKE OUR SYSTEM SIMPLE AND FAIR, WE 239 00:18:35,95 --> 00:18:37,162 WILL PROTECT THOUSANDS OF FAMILY BUSINESSES BY ENDING 240 00:18:37,164 --> 00:18:45,338 THE CRUSHING, HORRIBLE AND UNFAIR ESTATE TAX KNOWN AS THE 241 00:18:45,339 --> 00:18:53,78 DEATH TAX. THAT IS A TAX THAT HAS 242 00:18:53,80 --> 00:18:57,48 DESTROYED SO MANY BUSINESSES AND KEPT THEM OUT OF YOUR 243 00:18:57,50 --> 00:19:03,855 FAMILY, YOUR CHILDREN, IT'S VERY SAD. 244 00:19:03,857 --> 00:19:09,128 WE ARE WORKING TO AND THE ESTATE TAX. 245 00:19:09,130 --> 00:19:21,736 [APPLAUSE] IN THE CROWD WE HAVE CALVIN 246 00:19:21,738 --> 00:19:25,417 AND HIS SON STEVE. WHERE'S CALVIN. 247 00:19:25,419 --> 00:19:32,315 [APPLAUSE] GOOD-LOOKING FAMILY. 248 00:19:32,317 --> 00:19:33,40 YOU OWN A TRUCKING BUSINESS AND IN THE TRUCKING BUSINESS 249 00:19:33,42 --> 00:19:43,830 SINCE 1946. A VERY GOOD YEAR. 250 00:19:43,832 --> 00:19:46,205 IT'S A GREAT YEAR. I LOVE THAT YEAR. 251 00:19:46,207 --> 00:19:48,549 TRUCKING RUNS IN HIS BLOOD AND HE WANTS TO PASS HIS COMPANY 252 00:19:48,551 --> 00:19:52,56 ALONG TO HIS CHILDREN JUST AS IT WAS PASSED DOWN TO HIM BY 253 00:19:52,57 --> 00:19:56,235 HIS FATHER. WE ARE GOING TO PROTECT SMALL 254 00:19:56,237 --> 00:20:01,890 BUSINESS OWNERS AND THEIR FAMILIES SO THEY CAN CONTINUE 255 00:20:01,892 --> 00:20:09,611 TO RUN THEIR COMPANIES WITH DEDICATION AND WITH LOVE. 256 00:20:09,613 --> 00:20:11,556 WE WILL MAKE TAXES SIMPLE AND EASY AND FAIR FOR ALL 257 00:20:11,558 --> 00:20:15,251 AMERICANS. [APPLAUSE] 258 00:20:15,253 --> 00:20:21,929 THANK YOU. CALVIN, YOU WANT TO HIM THAT 259 00:20:21,931 --> 00:20:23,225 BUSINESS DOWN, RIGHT? DON'T WORRY ABOUT IT FOR ABOUT 260 00:20:23,227 --> 00:20:23,691 40 YEARS, I HOPE. LONG TIME. 261 00:20:23,693 --> 00:20:29,775 JUST KEEP HIM AROUND. THANK YOU. 262 00:20:29,776 --> 00:20:31,644 [APPLAUSE] THIRD, WE WILL CUT TAXES ON 263 00:20:31,645 --> 00:20:36,715 AMERICAN BUSINESSES TO RESTORE OUR COMPETITIVE EDGE AND TO 264 00:20:36,717 --> 00:20:44,957 CREATE MORE JOBS AND HIGHER WAGES FOR AMERICAN WORKERS. 265 00:20:44,958 --> 00:20:50,161 [APPLAUSE] THE LAST MAJOR TAX REFORM WAS 266 00:20:50,163 --> 00:20:59,204 PASSED MORE THAN 30 YEARS AGO IN 1986 WITH A LARGE 267 00:20:59,206 --> 00:21:04,176 BIPARTISAN MAJORITY. THAT WOULD BE WONDERFUL, BUT 268 00:21:04,177 --> 00:21:05,610 SADLY THE DEMOCRATS HAVE BECOME OBSTRUCTIONISTS. 269 00:21:05,612 --> 00:21:13,318 THEY WANT TO STEP. THEY DON'T WANT TO DO ANYTHING 270 00:21:13,320 --> 00:21:19,806 PRODUCTIVE AND THEY WANT TO RAISE YOUR TAXES. 271 00:21:19,808 --> 00:21:23,716 I WANT TO TALK ABOUT OPEN BORDERS AND HIGHER TAXES. 272 00:21:23,718 --> 00:21:24,851 THAT'S NOT A GOOD COMBINATION TO GET ELECTED, BELIEVE ME, 273 00:21:24,853 --> 00:21:30,183 BUT OPEN BORDERS AND HIGH TAXES BUT THEY ARE GOOD AT 274 00:21:30,185 --> 00:21:31,929 OBSTRUCTION. THE 1986 TAX BILL 275 00:21:31,931 --> 00:21:35,403 SUBSTANTIALLY REDUCED OUR CORPORATE TAX RATE TO MAKE 276 00:21:35,405 --> 00:21:41,781 AMERICA GLOBALLY COMPETITIVE. THE PLAN WORKED AND JOBS IN 277 00:21:41,783 --> 00:21:42,213 INDUSTRY BOOMED. OTHER COUNTRIES SAW OUR 278 00:21:42,215 --> 00:21:44,750 SUCCESS AND THEY COPIED OUR PLAYBOOK. 279 00:21:44,751 --> 00:21:48,119 OUR FOREIGN COMPETITORS ADOPTED TAX RATES MUCH LOWER 280 00:21:48,121 --> 00:21:54,660 THAN OURS AND MORE COMPETITIVE AND THEY STARTED TAKING OUR 281 00:21:54,661 --> 00:22:00,592 BUSINESSES AWAY. IN FACT, WHEN IT COMES TO THE 282 00:22:00,594 --> 00:22:11,578 BUSINESS TAX, WE ARE DEAD LAST AMONG DEVELOPED NATIONS. 283 00:22:11,580 --> 00:22:18,102 OUR RATE IS THE LEAST COMPETITIVE RATE. 284 00:22:18,104 --> 00:22:23,230 WE HAVE THE HIGHEST TAX RATE ANYWHERE IN THE WORLD. 285 00:22:23,232 --> 00:22:28,152 HOW FOOLISH IS THIS. OUR BUSINESS TAX RATE IS 60% 286 00:22:28,154 --> 00:22:29,11 HIGHER THAN OUR AVERAGE ECONOMIC COMPETITOR. 287 00:22:29,13 --> 00:22:32,197 WE HAVE A MASSIVE TAX ON EVERY PRODUCT MADE IN AMERICA. 288 00:22:32,198 --> 00:22:38,745 REMEMBER THE EXPRESSION, MADE IN THE USA, MADE IN AMERICA, 289 00:22:38,747 --> 00:22:40,206 YOU DON'T HEAR THAT SO MUCH BUT YOU'RE STARTING TO HEAR 290 00:22:40,208 --> 00:22:42,942 TOGETHER. WHAT YOU HAD BETTER MADE IN 291 00:22:42,943 --> 00:22:47,713 AMERICA OR MADE IN USA? MADE IN AMERICA. 292 00:22:47,714 --> 00:22:53,953 [APPLAUSE] MADE IN THE USA. 293 00:22:53,954 --> 00:23:04,329 [APPLAUSE] HI JEFFREY. 294 00:23:04,331 --> 00:23:06,232 [APPLAUSE] HE WAS ON FAKE NEWS, CNN, FOR 295 00:23:06,234 --> 00:23:13,538 A LONG TIME. HE WAS ONE OF MY FEW SOURCES 296 00:23:13,540 --> 00:23:14,707 OF TRUTH. THANK YOU FOR BEING HERE. 297 00:23:14,708 --> 00:23:25,551 IT'S A GREAT HONOR. GOOD MAN. 298 00:23:25,552 --> 00:23:30,588 BUT GIVING SO MANY COUNTRIES A TREMENDOUS ADVANTAGE OVER US, 299 00:23:30,590 --> 00:23:35,60 IF YOU LOOK AT CHINA, AT 15%, AND MEXICO, ALL OF THESE 300 00:23:35,62 --> 00:23:38,97 COUNTRIES HAD A LOWER TAX RATE IN THE UNITED STATES. 301 00:23:38,98 --> 00:23:43,769 WE CAN'T COMPETE THAT WAY. IT'S TIME TO END THIS UNFAIR 302 00:23:43,770 --> 00:23:45,437 DISADVANTAGE AND GIVE AMERICAN COMPANIES AND WORKERS THE 303 00:23:45,439 --> 00:23:56,348 LEVEL PLAYING FIELD THEY SO RICHLY DESERVE. 304 00:23:56,349 --> 00:23:59,452 [APPLAUSE] ONE AMERICAN TRUCKERS, AND I 305 00:23:59,453 --> 00:24:05,691 MEAN THESE GREAT PEOPLE, THESE GREAT HEROES, THEY HAVE TO 306 00:24:05,692 --> 00:24:16,901 HAVE A LEVEL PLAYING FIELD THERE'S NO ONE ON EARTH THAT 307 00:24:16,903 --> 00:24:23,541 CAN BEAT YOU GUYS IF YOU HAVE A LEVEL PLAYING FIELD. 308 00:24:23,543 --> 00:24:26,479 NOBODY. BUT YOU FINALLY HAVE A 309 00:24:26,480 --> 00:24:29,814 GOVERNMENT AND FRANKLY YOU FINALLY HAVE SOMEONE WHO'S 310 00:24:29,816 --> 00:24:33,385 GIVEN UP A LOT. MY OTHER LIFE WAS VERY GOOD. 311 00:24:33,386 --> 00:24:46,665 I HAVE TO BE HONEST. I HAD A VERY GOOD LIFE. 312 00:24:46,666 --> 00:24:55,144 I HAD A VERY GOOD LIFE, BUT YOU KNOW WHAT, I'M HAVING A 313 00:24:55,146 --> 00:25:02,392 BETTER LIVE NOW AND I'M HELPING A LOT OF PEOPLE. 314 00:25:02,394 --> 00:25:06,807 [APPLAUSE] BELIEVE ME, I LOVE DOING THIS 315 00:25:06,809 --> 00:25:10,456 BECAUSE WE ARE DOING SO MUCH BETWEEN THE REGULATIONS AND 316 00:25:10,458 --> 00:25:14,26 THE TAXES AND GETTING A SUPREME COURT JUSTICE, GETTING 317 00:25:14,27 --> 00:25:24,869 HIM ONTO THE SUPREME COURT, JUST -- JUSTICE NEIL GORGE 318 00:25:24,871 --> 00:25:31,176 IT'S, IT WAS SO IMPORTANT. YOU FINALLY HAVE A GOVERNMENT 319 00:25:31,177 --> 00:25:38,583 WHO IS GOING TO DEFEND YOU AND STAND UP FOR YOU AND YOUR 320 00:25:38,585 --> 00:25:43,55 COUNTRY. AMERICA IS BEING RESPECTED 321 00:25:43,57 --> 00:25:46,724 AGAIN. SOMETHING HAPPENED TODAY WERE 322 00:25:46,726 --> 00:25:50,963 A COUNTRY THAT TOTALLY DISRESPECTED US, CALLED WITH 323 00:25:50,964 --> 00:25:52,765 SOME VERY IMPORTANT NEWS. WHEN MY GENITALS CAME IN AND 324 00:25:52,766 --> 00:26:00,772 SAID I HAVE TO TELL YOU, A YEAR AGO THEY WOULD'VE NEVER 325 00:26:00,774 --> 00:26:02,6 DONE THAT. IT'S A GREAT SIGN OF RESPECT. 326 00:26:02,8 --> 00:26:03,808 YOU'LL PROBABLY HEAR ABOUT IT OVER THE NEXT FEW DAYS. 327 00:26:03,810 --> 00:26:05,878 THIS WAS A COUNTRY THAT DID NOT RESPECT US AND THEY 328 00:26:05,880 --> 00:26:10,515 RESPECT US NOW. THE WORLD IS STARTING TO 329 00:26:10,517 --> 00:26:17,255 RESPECT US AGAIN, BELIEVE ME. [APPLAUSE] 330 00:26:17,257 --> 00:26:21,626 UNDER OUR NEW FRAMEWORK, YOU WILL DRAMATICALLY CUT THE 331 00:26:21,628 --> 00:26:26,230 BUSINESS TAX RATES AMERICAN COMPANIES AND WORKERS CAN WIN 332 00:26:26,232 --> 00:26:33,305 AGAINST FOREIGN COMPETITORS. WE WILL CUT THE CORPORATE TAX 333 00:26:33,307 --> 00:26:41,347 RATE FROM 35% AND MORE ALL WAY DOWN TO NO MORE THAN 20% BELOW 334 00:26:41,348 --> 00:26:45,317 THE AVERAGE OF MAJOR COMPETITORS FROM OTHER 335 00:26:45,318 --> 00:26:50,956 COUNTRIES. [APPLAUSE] 336 00:26:50,958 --> 00:26:54,927 THE BIGGEST WINNERS FROM THIS TRANSFORMATION WILL BE 337 00:26:54,928 --> 00:27:02,433 EVERYDAY FAMILIES FROM ALL BACKGROUNDS, FROM ALL WALKS OF 338 00:27:02,435 --> 00:27:04,3 LIFE AND GREAT COMPANIES THAT WILL PRODUCE THE JOBS. 339 00:27:04,5 --> 00:27:09,173 THEY WILL PRODUCE JOBS LIKE YOU'VE NEVER SEEN BEFORE. 340 00:27:09,175 --> 00:27:18,217 WHEN COMPANIES LEAVE OUR SHORE , IT BENEFITS US. 341 00:27:18,218 --> 00:27:21,687 IT'S A WONDERFUL WORKERS WHO REAP THE REWARDS WHO WILL HAVE 342 00:27:21,688 --> 00:27:25,223 MORE PRODUCTS TO DELIVER MORE CONTRACTS TO FILL. 343 00:27:25,225 --> 00:27:32,163 THAT'S THE WAY IT HAPPENS. FOR THE MANY AMERICAN TRUCKERS 344 00:27:32,165 --> 00:27:38,970 WHO FILED TAXES AS SOUL PROPRIETORS, AS CORPORATIONS 345 00:27:38,972 --> 00:27:43,842 OR PARTNERSHIPS, WE WILL CAP YOUR TOP TAX RATE AT A MAXIMUM 346 00:27:43,843 --> 00:27:45,209 OF 25%. SUBSTANTIALLY LOWER THAN WHAT 347 00:27:45,211 --> 00:27:50,48 YOU ARE PAYING WILL NOW. [APPLAUSE] 348 00:27:50,50 --> 00:27:53,452 THE MORE THAN 30 MILLION AMERICANS WHO HAVE SMALL 349 00:27:53,453 --> 00:28:04,896 BUSINESSES WILL SEE A 40% CUT IN THEIR MARGINAL TAX RATE. 350 00:28:04,898 --> 00:28:11,69 [APPLAUSE] I WOULDN'T WANT TO BE A 351 00:28:11,71 --> 00:28:16,442 POLITICIAN AGAINST THAT. THEY WILL HAVE A LONG, HARD 352 00:28:16,443 --> 00:28:18,510 WINTER. THIS WILL BE THE LOWEST TOP 353 00:28:18,511 --> 00:28:23,15 MARGINAL INCOME TAX RATE FOR SMALL AND MIDSIZED BUSINESSES 354 00:28:23,16 --> 00:28:28,821 IN MORE THAN 80 YEARS. NOT SINCE 1931 AND THEY HAD 355 00:28:28,822 --> 00:28:35,693 TAXES ANYWHERE NEAR THAT LEVEL. 356 00:28:35,695 --> 00:28:52,110 [APPLAUSE] THIS HUGE TAX CUT, TWO WORDS, 357 00:28:52,112 --> 00:28:57,883 HUGE AND NOW ROCKET. YOU KNOW WHAT WERE TALKING 358 00:28:57,885 --> 00:29:05,423 ABOUT FOLKS, DON'T WORRY ABOUT IT. 359 00:29:05,425 --> 00:29:07,225 IT WILL ROCKET FUEL THE ROCKET FUEL FOR OUR ECONOMY. 360 00:29:07,227 --> 00:29:12,396 WITH US TODAY IS KEVIN BIRCH OF JET EXPRESS WHO HAS BEEN IN 361 00:29:12,398 --> 00:29:15,767 THE TRUCKING BUSINESS FOR MORE THAN 40 YEARS. 362 00:29:15,769 --> 00:29:22,508 WHERE IS HE. FORTY YEARS, YOU DON'T LOOK 363 00:29:22,510 --> 00:29:27,479 THAT OLD KEVIN. GOOD JOB. 364 00:29:27,480 --> 00:29:30,448 KEVIN SAYS IF CONGRESS PASSES OUR TAX RELIEF AND REFORM PLAN 365 00:29:30,450 --> 00:29:35,754 HE WILL BE ABLE TO INVEST IN NEW EQUIPMENT AND ADDITIONAL 366 00:29:35,755 --> 00:29:38,123 TRAINING FOR HIS WORKERS, DRIVERS AND TECHNICIANS. 367 00:29:38,125 --> 00:29:41,26 HE WANTS TO CREATE MORE AMERICAN JOBS AND WE ARE 368 00:29:41,27 --> 00:29:44,729 WORKING TO HELP HIM DO EXACTLY THAT. 369 00:29:44,731 --> 00:29:49,734 PLUS, WE ARE WORKING ON A TAX WRITE OFF THAT WILL BE ALMOST 370 00:29:49,736 --> 00:29:51,837 IMMEDIATE WITH YOUR INVESTMENT. 371 00:29:51,838 --> 00:29:57,843 THAT IS SOMETHING YOU'VE NEVER SEEN BEFORE. 372 00:29:57,844 --> 00:30:02,848 [APPLAUSE] THAT'S PART OF OUR PLAN 373 00:30:02,849 --> 00:30:08,453 BECAUSE COMPANIES, IN ORDER TO COMPETE OVER THE NEXT FIVE 374 00:30:08,454 --> 00:30:10,621 YEAR PERIOD, ALLOWS OUR FRAMEWORK AND WITHIN OUR 375 00:30:10,623 --> 00:30:18,162 FRAMEWORK THAT YOU WRITE OFF ONE 100% OF THE COST OF NEW 376 00:30:18,164 --> 00:30:19,397 EQUIPMENT IN THE YEAR YOU BUY IT. 377 00:30:19,399 --> 00:30:27,639 WHEN HAVE YOU HEARD THAT ONE. THAT WILL BE A BIG ONE. 378 00:30:27,640 --> 00:30:29,608 [APPLAUSE] I'VE HAD CALLS FROM GREAT 379 00:30:29,609 --> 00:30:34,912 BUSINESS PEOPLE. THEY SAID MR. PRESIDENT, DID 380 00:30:34,914 --> 00:30:42,520 YOU REALLY SAY THAT. I SAID YES I DID AND I MIGHT 381 00:30:42,522 --> 00:30:43,788 SAY, THEY DO CALL ME MR. PRESIDENT. 382 00:30:43,790 --> 00:30:45,89 IT'S VERY INTERESTING. I'VE HAD FRIENDS FOR YEAR, 383 00:30:45,91 --> 00:30:47,225 THEY KNOW ME, THEY SAY HEY DON, HOW'S IT DOING AND NOW 384 00:30:47,227 --> 00:30:49,228 WHEN THEY SEE ME THERE ALL UPTIGHT. 385 00:30:49,229 --> 00:30:53,397 I SAID WILL YOU PLEASE LOOSEN UP. 386 00:30:53,399 --> 00:30:56,134 ALL OF THESE ARE FRIENDS FOR 30 YEARS AND THEY GET A LITTLE 387 00:30:56,135 --> 00:31:00,605 BIT TIGHT, BUT THEY ARE IMPRESSED WITH THE ONE YEAR 388 00:31:00,607 --> 00:31:01,874 IMMEDIATE RIGHT OFF. THAT'S WHAT THEY'RE IMPRESSED 389 00:31:01,875 --> 00:31:06,110 BY. I THINK THEY'RE VERY 390 00:31:06,112 --> 00:31:07,312 IMPRESSED. WE WANT OUR COMPANIES TO 391 00:31:07,313 --> 00:31:10,47 INVEST AND EXPAND BECAUSE THAT MEANS MORE JOBS, MORE PRODUCTS 392 00:31:10,49 --> 00:31:15,187 ROLLING OFF THE ASSEMBLY LINE AND MORE TRUCKERS DELIVERING 393 00:31:15,188 --> 00:31:17,188 THOSE PRODUCTS TO STORES ALL ACROSS OUR COUNTRY. 394 00:31:17,190 --> 00:31:20,993 FINALLY, OUR FRAMEWORK ENCOURAGES AMERICAN COMPANIES 395 00:31:20,994 --> 00:31:25,663 TO BRING BACK THE TRILLIONS AND TRILLIONS OF DOLLARS IN 396 00:31:25,665 --> 00:31:37,808 WEALTH PARTS OVERSEAS. OUR CURRENT TAX CODE ACTUALLY 397 00:31:37,810 --> 00:31:39,443 PROMISES COMPANIES FOR KEEPING THEIR HEADQUARTERS IN 398 00:31:39,445 --> 00:31:41,512 AMERICA. YOU SEE THAT RED THAT'S 399 00:31:41,514 --> 00:31:44,715 HAPPENING. THERE ARE BEING PUNISHED. 400 00:31:44,717 --> 00:31:51,390 IT DISCOURAGES THEM FROM BRINGING BACK THE PROFITS THEY 401 00:31:51,391 --> 00:31:56,594 EARN OVERSEAS. IN 2016, AMERICAN 402 00:31:56,596 --> 00:32:02,234 MULTINATIONAL COMPANIES KEPT 71% OF THEIR FOREIGN EARNED 403 00:32:02,235 --> 00:32:07,672 PROFITS OVERSEAS AND AWAY FROM OUR COUNTRY. 404 00:32:07,674 --> 00:32:12,777 OUR FRAMEWORK WILL TOTALLY REVERSE THIS AND IT IS A VERY 405 00:32:12,779 --> 00:32:17,281 TROUBLING TREND. WE WILL BE BRINGING BACK. 406 00:32:17,283 --> 00:32:22,219 CLOSE TO ONE 100% OF THE MONEY BACK INTO OUR COUNTRY WHERE IT 407 00:32:22,221 --> 00:32:29,860 CAN BE PUT TO WORK AND JOBS WILL BE CREATED. 408 00:32:29,862 --> 00:32:34,465 WE WILL TOTALLY ELIMINATE THE PENALTY ON RETURNING FUTURE 409 00:32:34,467 --> 00:32:39,4 EARNINGS BACK TO THE UNITED STATES AND WE WILL IMPOSE A 410 00:32:39,5 --> 00:32:43,41 ONE TIME LOW TAX ON MONEY CURRENTLY PARKED OVERSEAS SO 411 00:32:43,42 --> 00:32:46,177 IT CAN BE BROUGHT BACK HOME TO AMERICA WHERE IT BELONGS AND 412 00:32:46,179 --> 00:32:55,152 WHERE IT CAN DO ITS JOB. MY COUNCIL OF ECONOMIC 413 00:32:55,154 --> 00:32:58,189 ADVISORS ESTIMATES THAT THIS CHANGE, ALONG WITH A LOWER TAX 414 00:32:58,191 --> 00:33:05,229 RATE WOULD LIKELY GIVE THE TYPICAL AMERICAN HOUSEHOLD OF 415 00:33:05,231 --> 00:33:11,3 $4000 PAY RAISE. IT COULD BE A LOT MORE THAN 416 00:33:11,5 --> 00:33:15,239 THAT. IF YOU HAVEN'T HEARD, ABOUT A 417 00:33:15,241 --> 00:33:19,878 4000-DOLLAR AMOUNT OF MONEY ADDITIONAL FOR THE AMERICAN 418 00:33:19,880 --> 00:33:24,115 FAMILIES TO SPEND. THAT IS VERY EXCITING. 419 00:33:24,117 --> 00:33:29,620 YOU WILL GET TO SPEND THAT MONEY, IT WILL BE PUT TO WORK 420 00:33:29,622 --> 00:33:31,255 AND WE WILL START MAKING OUR PRODUCT AGAIN. 421 00:33:31,257 --> 00:33:34,558 WOULDN'T THAT BE NICE. IT'S GOING TO HAPPEN. 422 00:33:34,560 --> 00:33:38,796 BY THE WAY NOT AS PART OF OUR TAX PLAN, BUT I AM 423 00:33:38,798 --> 00:33:42,266 RENEGOTIATING TRADE DEALS THAT ARE SO HORRENDOUS AND SO 424 00:33:42,268 --> 00:33:46,405 ONE-SIDED AND SO EMBARRASSING FOR OUR COUNTRY WE ARE, YOU'RE 425 00:33:46,406 --> 00:33:52,209 PROBABLY REREADING THE PAPERS, WERE RENEGOTIATING NAFTA AND 426 00:33:52,211 --> 00:33:59,718 VARIOUS OTHER DEALS WITH FOREIGN COUNTRIES THAT ARE SO 427 00:33:59,719 --> 00:34:02,553 EMBARRASSING AND SO HORRENDOUS THAT IT WOULD SAY WHY ON EARTH 428 00:34:02,555 --> 00:34:06,892 WOULD ANYBODY HAVE SIGNED A DEAL LIKE THAT. 429 00:34:06,894 --> 00:34:11,429 I WILL ALSO BE ANNOUNCING, AS YOU KNOW, MY STATEMENT AND 430 00:34:11,431 --> 00:34:17,135 WHAT WILL BE DOING WITH RESPECT TO THE GRAND DEAL. 431 00:34:17,136 --> 00:34:22,841 SPEAKING OF BADLY NEGOTIATED DEALS. 432 00:34:22,843 --> 00:34:29,47 SO, TO SUMMARIZE, OUR PLAN GOES FROM EIGHT TAX BRACKETS 433 00:34:29,49 --> 00:34:34,618 DOWN TO FOUR, EXPANDS THE ZERO TAX BRACKET GREATLY, EXPANDS 434 00:34:34,620 --> 00:34:41,292 THE CHILD TAX CREDIT, REPEALS THE STATE TAX AND SPECIAL 435 00:34:41,294 --> 00:34:45,62 INTEREST TAX BREAKS, CUTS THE TOTAL CORPORATE TAX RATE FROM 436 00:34:45,64 --> 00:34:52,2 MUCH MORE AND EQUAL TO 35% TAX AND BRINGS IT ALL THE WAY DOWN 437 00:34:52,4 --> 00:34:58,176 TO 20% AND CUTS TAX RATES FOR SMALL BUSINESSES TO THE LOWEST 438 00:34:58,177 --> 00:35:21,299 LEVEL IN MORE THAN 80 YEARS. [APPLAUSE] 439 00:35:21,301 --> 00:35:26,504 OUR GREAT CONGRESSMAN AND CONGRESSWOMEN, ALL OF THE 440 00:35:26,506 --> 00:35:31,375 PEOPLE WERE WORKING WITH, ALL I CAN SAY IS YOU BETTER GET IT 441 00:35:31,377 --> 00:35:37,516 PASSED. THEY WILL, I KNOW, AND YOU 442 00:35:37,518 --> 00:35:39,384 HAVE GREAT ONES HERE IN PENNSYLVANIA. 443 00:35:39,385 --> 00:35:44,889 FOR TOO LONG OUR TAX CODE HAS INCENTIVIZED COMPANIES TO 444 00:35:44,891 --> 00:35:46,824 LEAVE OUR COUNTRY IN SEARCH OF LOWER TAX RATES. 445 00:35:46,826 --> 00:35:51,729 MY ADMINISTRATION REJECTS THE OFF SHORING MODEL AND WE HAVE 446 00:35:51,731 --> 00:35:56,667 EMBRACED A BRAND-NEW MODEL CALLED THE AMERICAN MODEL. 447 00:35:56,669 --> 00:36:02,841 WE WANT COMPANIES TO HIRE AND GROW IN AMERICA, TO RAISE 448 00:36:02,843 --> 00:36:07,44 WAGES FOR THE AMERICAN WORKERS AND TO HELP REBUILD AMERICAN 449 00:36:07,46 --> 00:36:13,951 CITIES AND TOWNS. WE ARE INVOLVED IN ALL OVER 450 00:36:13,953 --> 00:36:17,54 THE WORLD AND IT'S NOW TIME WE GET INVOLVED WITH REBUILDING 451 00:36:17,56 --> 00:36:25,629 OUR COUNTRY. NO ONE KNOWS AMERICA BETTER 452 00:36:25,631 --> 00:36:30,68 THAN AMERICA'S TRUCKERS. EVERY SINGLE DAY, FROM COAST 453 00:36:30,70 --> 00:36:34,438 TO COAST AND BORDER TO BORDER, WHERE WE WILL HAVE A WALL BY 454 00:36:34,440 --> 00:36:40,812 THE WAY, IN CASE YOU HAD ANY DOUBT, DOES ANYONE HAVE A 455 00:36:40,813 --> 00:36:43,981 DOUBT, IN OUR LARGEST CITIES AND ACROSS THE ROLLING PLAINS, 456 00:36:43,983 --> 00:36:49,687 YOU SEE INCREDIBLE BEAUTY OF OUR NATURAL WONDERS, YOU SEE 457 00:36:49,689 --> 00:36:53,258 THINGS FEW PEOPLE SEE. IN FACT, I THINK YOU SHOULD 458 00:36:53,260 --> 00:36:59,197 TAKE A MAJOR WEIGHT REDUCTION. 459 00:36:59,198 --> 00:37:04,1 WE SEE THE ENDURING STRENGTH OF THE AMERICAN SPIRIT IN 460 00:37:04,3 --> 00:37:08,939 THOSE SAME TRUCKERS. WHAT YOU SEE IS INCREDIBLE 461 00:37:08,941 --> 00:37:10,342 EVERY DAY. WHAT YOU SEE ARE THINGS THAT 462 00:37:10,343 --> 00:37:14,178 NOBODY ELSE SEES AND I WANT TO TELL YOU, TO THE TRUCKERS IN 463 00:37:14,180 --> 00:37:21,385 THIS ROOM WHICH IS A LOT OF PEOPLE, YOU WILL DO BETTER 464 00:37:21,387 --> 00:37:22,920 THAN EVER BEFORE AND WE TRULY ADMIRE YOU. 465 00:37:22,922 --> 00:37:27,691 YOU ARE OUR HEROES, BELIEVE ME. 466 00:37:27,693 --> 00:37:31,830 OVER THE DECADE YOU HAVE ALSO SEEN THE DISASTROUS 467 00:37:31,832 --> 00:37:34,865 CONSEQUENCES OF ECONOMIC SURRENDER. 468 00:37:34,867 --> 00:37:40,137 OUR POLITICIANS SURRENDERED. THEY GAVE UP OUR COUNTRY. 469 00:37:40,139 --> 00:37:47,77 YOU HAVE DRIVEN PAST THE SHUTTERED FACTORIES, WATCHED 470 00:37:47,79 --> 00:37:48,479 THRIVING COMMUNITIES BECOME GHOST TOWNS AND WITNESSED 471 00:37:48,481 --> 00:37:50,481 AMERICA'S WEALTH GET SHIPPED AWAY TO FOREIGN LANDS. 472 00:37:50,483 --> 00:37:55,20 NOW IS OUR CHANCE TO RECLAIM AMERICA'S DESTINY. 473 00:37:55,21 --> 00:37:59,391 WE CAN BREATHE THE NEW EIGHT INTO STRUGGLING INDUSTRIES AND 474 00:37:59,393 --> 00:38:03,695 FORGOTTEN TOWNS. WE CAN END THE SPECIAL DEALS 475 00:38:03,697 --> 00:38:07,264 FOR SPECIAL INTEREST AND WE WILL HONOR THE HARD-WORKING 476 00:38:07,266 --> 00:38:15,840 PATRIOTIC AMERICANS WHO MAKE THIS COUNTRY RUN. 477 00:38:15,842 --> 00:38:22,280 [APPLAUSE] YOU CAN HELP US STOCK THE 478 00:38:22,281 --> 00:38:29,53 STORE SHELVES ALL ACROSS THE COUNTRY AND AROUND THE WORLD 479 00:38:29,55 --> 00:38:30,622 WITH MORE PRODUCTS STAMPED WITH THOSE BEAUTIFUL WORDS 480 00:38:30,624 --> 00:38:34,92 THAT WERE GOING TO SAY IT THIS WAY, MADE IN THE USA. 481 00:38:34,93 --> 00:38:37,628 WE WILL LIFT OUR FELLOW CITIZENS FROM WELFARE TO WORK, 482 00:38:37,630 --> 00:38:40,332 FROM DEPENDENCE TO INDEPENDENCE AND FROM POVERTY 483 00:38:40,333 --> 00:38:50,774 TO PROSPERITY. AMERICAN GOODS WILL SAIL 484 00:38:50,776 --> 00:38:55,914 ACROSS THE OCEAN. AMERICAN TRUCKS WILL GLIDE 485 00:38:55,916 --> 00:39:01,285 ALONG OUR HIGHWAYS, SO BEAUTIFUL WILL THOSE HIGHWAYS 486 00:39:01,287 --> 00:39:06,190 BE, SMOOTH, BEAUTIFUL, NO POTHOLES. 487 00:39:06,192 --> 00:39:10,427 I KNOW, NO POTHOLES. I HAVE MANY FRIENDS IN THE 488 00:39:10,429 --> 00:39:16,634 TRUCKING BUSINESS AND THEY TELL ME IT'S NEVER BEEN LIKE 489 00:39:16,635 --> 00:39:18,570 THIS. THEY WILL BUY BEAUTIFUL NEW 490 00:39:18,572 --> 00:39:20,71 EQUIPMENT. BY THE TIME HE GOES FROM LOS 491 00:39:20,72 --> 00:39:24,809 ANGELES TO NEW YORK AND BACK HAVE A BIG RENOVATION JOB IN 492 00:39:24,811 --> 00:39:26,43 THEIR HANDS. THEY'VE NEVER SEEN IT LIKE 493 00:39:26,45 --> 00:39:27,177 THIS BEFORE. THEY WILL BE BEAUTIFUL AGAIN. 494 00:39:27,179 --> 00:39:35,886 THEY WILL BE SMOOTH, BEAUTIFUL HIGHWAYS AGAIN. 495 00:39:35,888 --> 00:39:40,925 [APPLAUSE] THE AMERICAN FLAG, WE LOVE OUR 496 00:39:40,927 --> 00:39:50,468 AMERICAN FLAG. [APPLAUSE] 497 00:39:50,469 --> 00:39:53,204 THINK PEOPLE FORGOT HOW PATRIOTIC WE ARE. 498 00:39:53,206 --> 00:40:00,311 I THINK PEOPLE FORGOT HOW MUCH WE LOVE OUR COUNTRY. 499 00:40:00,312 --> 00:40:06,650 THEY'VE LEARNED OVER THE PAST WEEK, HAVEN'T THEY? 500 00:40:06,652 --> 00:40:08,19 [APPLAUSE] AMERICAN FLAGS WILL SOAR HIGH 501 00:40:08,20 --> 00:40:12,424 ABOVE THE ROADS. OUR CITIES IN OUR TOWNS WILL 502 00:40:12,426 --> 00:40:18,29 PROUDLY DISPLAY THAT FLAG. OUR CHILDREN WILL BE RAISED IN 503 00:40:18,31 --> 00:40:32,343 HOMES FILLED WITH LOVE. COMMUNITCOMMUNITIES FILLED 504 00:40:32,344 --> 00:40:33,812 WITH AIRPLANES GOING BACK AND FORTH, THAT'S OKAY, BUT 505 00:40:33,813 --> 00:40:37,81 COMMUNITIES FILLED WITH HOPE AND A NATION FILLED WITH 506 00:40:37,83 --> 00:40:38,349 PRIDE. WE WILL BUILD THIS FUTURE 507 00:40:38,351 --> 00:40:48,426 TOGETHER AS ONE PEOPLE IN ONE NATION UNDER GOD. 508 00:40:48,427 --> 00:40:56,634 [APPLAUSE] [APPLAUSE] 509 00:40:56,635 --> 00:41:03,842 WITH YOUR HELP AND YOUR VOICE WE WILL BRING BACK OUR JOBS, 510 00:41:03,843 --> 00:41:07,745 WE WILL BRING BACK OUR WEALTH, AND FOR EVERY CITIZEN ACROSS 511 00:41:07,747 --> 00:41:17,387 THE LAND WE WILL BRING BACK OUR GREAT AMERICAN DREAMS. 512 00:41:17,389 --> 00:41:21,726 THIS IS A GREAT AND PROUD STATE. 513 00:41:21,728 --> 00:41:24,829 I AM SO HONORED TO BE WITH YOU TONIGHT. 514 00:41:24,831 --> 00:41:30,268 THANK YOU, GOD BLESS YOU, AND GOD BLESS THE UNITED STATES OF 515 00:41:30,270 --> 00:41:34,605 AMERICA. THANK YOU VERY MUCH. 516 00:41:34,607 --> 00:41:39,310 ¶ ¶ 517 00:41:39,312 --> 00:41:48,820 ¶ ¶ 518 00:41:48,822 --> 00:42:07,604 ¶ ¶ 519 00:42:07,606 --> 00:42:17,849 ¶ ¶ 520 00:42:17,851 --> 00:42:28,226 ¶ ¶ 521 00:42:28,228 --> 00:42:40,872 ¶ ¶ PRESIDENT TRUMP WRAPPED UP A 522 00:42:40,874 --> 00:42:43,708 SPEECH ON TAX REFORM IN HARRISON PENNSYLVANIA. 523 00:42:43,709 --> 00:42:47,312 YOU CAN CATCH HIS ENTIRE SPEECH ON C-SPAN.ORG. 524 00:42:47,313 --> 00:42:52,449 TONIGHT, BOOK TV IS IN PRIME TIME WITH A LOOK AT THE 2016 525 00:42:52,451 --> 00:42:53,617 ELECTION. HILLARY CLINTON GAVE HER 526 00:42:53,619 --> 00:42:56,654 PERSONAL ACCOUNT OF THE PRESIDENTIAL CAMPAIGN AND 527 00:42:56,656 --> 00:42:58,656 ELECTION IN HER BOOK, WHAT HAPPENED. 528 00:42:58,657 --> 00:43:06,897 JOURNALIST AMY BARNES ON SHATTERED. 529 00:43:06,899 --> 00:43:08,732 SUSAN WARDELL DISCUSSES THE DESTRUCTION OF HILLARY CLINTON 530 00:43:08,734 --> 00:43:15,472 AND FOX NEWS CONTRIBUTOR DOUG SHOWN ON HIS BOOK, AMERICA IN 531 00:43:15,474 --> 00:43:19,376 THE AGE OF TRUMP. BOOK TV ALL THIS WEEK ON 532 00:43:19,378 --> 00:43:25,883 C-SPAN2. IT'S A RADIO STATION IN THE 533 00:43:25,885 --> 00:43:27,150 NATIONS CAPITAL THAT COVERS 6 MILLION PEOPLE. 534 00:43:27,152 --> 00:43:34,92 THIS IS A VERY HEAVILY AUTOMOBILE COMMUTE CITY AND IT 535 00:43:34,93 --> 00:43:37,495 WILL EXTEND OUR BRAND AND GIVE PEOPLE INVOLVED IN THE PROCESS 536 00:43:37,497 --> 00:43:39,129 A CHANCE TO LISTEN TO IT. THAT'S HOW IT HAPPENED. 537 00:43:39,131 --> 00:43:45,403 IT WAS THAT SIMPLE. C-SPAN RADIO, MARKING 25 538 00:43:45,405 --> 00:43:50,375 YEARS OF PROGRAMMING FROM THE NATIONS CAPITAL. 539 00:43:50,376 --> 00:43:51,708 WATCH EACH MORNING BEGINNING AT 7:00 A.M. EASTERN. 540 00:43:51,710 --> 00:43:53,311 HERE WE CAPS ON TODAY'S POLITICAL EVENT, WEEKDAYS AT 541 00:43:53,312 --> 00:43:56,614 5:00 P.M. EASTERN. AND, GET THE LATEST FROM 542 00:43:56,615 --> 00:44:01,618 CONGRESS, THE ADMINISTRATION, AN IMPORTANT EVENT FROM ACROSS 543 00:44:01,620 --> 00:44:02,954 THE NATION. C-SPAN RADIO IS AVAILABLE IN 544 00:44:02,956 --> 00:44:09,260 WASHINGTON ON 90.1 FM. ON OUR WEBSITE C-SPAN.ORG, OR 545 00:44:09,261 --> 00:44:11,29 BY DOWNLOADING THE FREE C-SPAN RADIO APP. 546 00:44:11,31 --> 00:44:16,667 C-SPAN RADIO, AT 20 YEARS FOR YOU HERE HISTORY UNFOLD 547 00:44:16,669 --> 00:44:23,808 DAILY. THE SUPREME COURT HEARD 548 00:44:23,810 --> 00:44:26,177 ORAL ARGUMENT FOR THE DISTRICT OF COLUMBIA. 549 00:44:26,178 --> 00:44:30,13 THIS CASE FOCUSES ON THE FOURTH AMENDMENT AN PROBABLE 550 00:44:30,15 --> 00:44:31,448 CAUSE. THEODORE WAS ONE OF SEVERAL 551 00:44:31,450 --> 00:44:35,218 PEOPLE INITIALLY ARRESTED FOR UNLAWFUL ENTRY AFTER ATTENDING 552 00:44:35,220 --> 00:44:40,925 A PARTY AT A HOME IN D.C.'S NEIGHBORHOOD. 553 00:44:40,927 --> 00:44:42,260 THE POLICE ARGUED THE HOME WAS VACANT.