Oh God
thank you very much everybody the economy is indeed doing well
six months ago we unleashed an economic miracle by signing the biggest tax cuts
and reforms I have to add the word reform very important word but the tax
cuts is what got us there and that's what's really doing it the biggest tax
cuts in American history now it's my great honor to welcome you back to the
White House to celebrate six months of new jobs bigger paychecks and keeping
more of your hard earned money where it belongs in your pocket or
wherever else you want to spend
before going any further I'd like to address the horrific shooting that took
place yesterday at Capitol Gazette newsroom in Annapolis Maryland
this attack shocked the conscience of our nation and filled our hearts with
grief journalists like all Americans should be free from the fear of being
violently attacked while doing their job to the families of the victims there are
no words to express our sorrow for your loss horrible horrible event horrible
thing happened when you're suffering we pledged our eternal support this
suffering is so great I've seen some of the people so great my government will
not rest until we have done everything in our power to reduce violent crime and
to protect innocent life we will not ever leave your side
so our warmest best wishes and regrets horrific horrible thing thank you
for today's event we're honored to be joined by our great Vice President Mike
Pence dinner
also joining us are secretary Stephen minuchin has been keeping very busy
lately Steve secretary Wilbur Ross Wilbur secretary Alex Acosta just came
up with a great health care plan thank you Alex great health care plan
people are really liking it association sonny Perdue the great Secretary of
Agriculture Small Business Administrator Linda McMahon doing an incredible job
director Mick Mulvaney
and treasurer Jovita Carranza jobina Jovita
thank you thanks also to a really great friend of mine Mississippi Governor phil
Bryant and all of the other state local federal officials that have done so much
to help us with this incredible tax cut and job plan you see how it's working
although I have to say I think that the cutting of regulations may be had just
as big an impact I don't want to I don't want to say this to you but I think the
cutting of regulations had just as big an impact I also want to welcome
Juanita Dugan Kay calls James Karen Carrigan and Michael Elliman for helping
us your support has been incredible in getting this very difficult legislation
to the finish line and fast please stand up stand up what a team great here
great team thank you very much and there are so many others in the room I you
know you're never gonna speak to me again but we're not gonna give any more
names right let's get down to business other than these names who are the
important ones okay we're also especially proud of the Republican
members of Congress who fought I mean they fought with us they didn't get a
Democrat vote we didn't get one vote for these massive tax cuts so I want to
thank Roger wicker representative Diane black Kevin Brady what a warrior Kevin
Kevin come on stand up
Mike Kelly my friend and Jason Smith our great Republican members of Congress
worked night and day to score this landmark victory this really was a
landmark victory for their constituents but much more importantly for the
country unfortunately every single Democrat and the House and Senate that's
right every single one voted against lower taxes for the hard working
Americans and you see what's happened it's turned out to be something very
special the tax cuts and Jobs Act slashed income
taxes all across the board we nearly doubled the standard deduction and did
double the child tax credit which Ivanka wanted very much shall I tell you
instead about the
she's got a bigger hand than the politicians you better be careful that
means you're all in trouble the typical family of four earning $75,000 will see
an income tax cut of more than $2,000 and in some cases more slashing their
tax bill in half we cut taxes for businesses of all sizes to make this the
best place on earth to start a business to invest we have billions and billions
of dollars of additional revenue coming in we lowered the corporate tax rate so
the American worker finally has a level playing field we allowed companies to
deduct every single penny of investment in new equipment and is called expensing
it's the biggest secret in the plan I think it'll go down as maybe the most
important element it's one year expensing nobody thought we'd ever see
that so incredible for starting up a business or running a business we
greatly reduced the burden of the unfair estate tax commonly known as the death
tax you know that's such a big thing and most farms and most small business will
not pay any estate tax or death tax anywhere such a thing
we created opportunities owns to promote more jobs in low-income communities we
opened Anwar that's a big one we opened up Anwar that was one that they said no
president could get it for many years I wasn't going to do it because I was
angry at someone I said I'm not going to do it and then when I heard that Ronald
Reagan couldn't do it nobody could do it they've been trying for 50 years I said
oh let's do that immediately it's like a challenge and they've started that
process it's gonna be something one of the biggest in the world
we also repealed in our tax cut plan we repealed the most I guess you could say
unpopular thing I've seen in a long time in politics or legislation the
individual mandate on Obamacare the individual members how about that one
that's not a very good one that's where you have the privilege of paying a
fortune in order to not pay to have bad health care think of it so in other
words you pay a lot of money not to have health care so it's not working too good
we got rid of it that's a big thing we've got no credit but that's okay
that's okay I've had some people come up to me they
say they'd like that as much as the tax cuts it was a big thing and Obamacare is
just about over we have come up with so many plans and we have a plan coming out
an additional plan secretary is coming out in a very short period of time which
is going to be I think it's going to perhaps match your plan from Department
of Labor it's going to be something very special six months after our tax cuts
more than six million workers have received bonuses pay raises and
retirement account contribution and one of the one of the beautiful elements of
what I do I love to see happy faces but I'll stand on line sometimes before or
after a speech and I'll be with a lot of people that want pictures for whatever
reason they want a picture of me and I stand with the police a lot and I'll see
you a policeman and in particular one in New York City and he said sir I want to
thank you you've made me a hero to my wife and to my family I've always been a
horrible investor but this year my 401k think of it is up like 46% I think he
said my wife thinks I'm a genius she thinks I'm the greatest investor for the
first time in my life
and you know in terms of value or worth we've created seven trillion dollars
worth of value for our country and people don't know this we're double the
size almost double the size because we hear China and China's terrific in a
relationship is terrific we're straightening out the balance and I
think most people want to see that but we're the largest economy in the world
by far and as you know we've increased a lot over the last one and a half years
but we're almost double the size of China and far bigger than anybody else
and we're going up very rapidly and it's going to continue to go up very rapidly
biggest in the world by far think of that we are the biggest you know that
the biggest economy in the world by far that's the only way to do it right good
it really is it's pretty good and they helped us a little bit right just a
little bit that's okay every little bit counts so the share of small businesses
raising benefits and pay has just set a new all-time record and manufacturing
optimism to me is so important because it's all about optimism is the highest
ever recorded this is a
this is a statistic that's been around for a long time highest ever recorded
hundreds of billions of dollars are coming back from overseas over 300
billion dollars was just repatriated into our country in the first quarter
alone think of that 300 billion money we never would have seen trillions more
dollars are on their way back and as you know Apple announced they're going to
spend three hundred and fifty billion dollars not million I would have been
happy with that too but three hundred and fifty billion dollars is being
brought back I guess the total amount they're
bringing back is approximately two hundred and thirty billion and they're
putting up the rest the old-fashioned way they're bringing this money back it
would never have come back they're going to build an incredible campus and lots
of other things we just left Wisconsin and what Foxconn is building up in
Wisconsin is literally and I said it the eighth wonder of the world it's
incredible what they're doing fifteen thousand jobs
it's going to cost fifteen billion dollars it is something that is so
incredible you have to go see it nobody would believe what's happening more than
100 utility companies have lowered prices as a direct result of our
business tax cuts saving Americans 3 billion dollars on their utility bills
utility bills are going down unemployment claims are at a forty four
year low that's a good one forty four years
something I am so proud of I love it unemployment for african-americans is at
the lowest level in the history of our country
I'm looking at Kevin there was a good job you were right about that Kevin huh
how is it that is something we're alright everybody in this room was right
and I have to say unemployment for Hispanic Americans likewise is at the
lowest point in the history of our country unemployment
unemployment for women and how've you listened to my speech two weeks ago you
would have heard me say is the lowest in 21 years now I'm saying it's the lowest
in 65 years and soon will be the lowest in history the difference 21 years 65
years hopefully in a week or two it will be history we're close to history 65
years of long time I'm also very proud to say that unemployment for the
disabled Americans has reached record lows giving these incredible Americans
the chance to realize their unlimited potential and that's what it is
unlimited potential many former inmates are also getting a second chance at life
we are keeping our promise to buy American and hire American and what's
happening is our economy is so good our unemployment is so low and our
employment is so high maybe that's an even nicer way of saying it and people
that want to get a second chance inmates people coming out of jail where
the stigma was so great people weren't hiring businesses weren't hiring they're
hiring them now in record numbers and you know what these businesses are
saying they are fantastic they're set and there's one gentleman in particular
he hired 10 inmates never did it before and he said I wouldn't say he said all
of them but he said seven of them are so incredible is not a bad percentage I
think that's a better percentage than we have he said seven of them are as good
as he's ever had and he's going to do a lot more of it so there's nothing like a
great economy to solve that problem Jared
and Chris thank you very much great but this is all because we're one country
and really one family and we salute one great and beautiful American flag we
love that flag and at last our country finally has a tax system that is Pro
jobs Pro worker pro-family and pro-american so one incredible citizen
who has benefited from our tax cuts and job act is lasagna hill I love that name
lasagna if I have another daughter I think I'm gonna name it can I copy I
like that name of Jacksonville Florida great place I know it well
the son is the director at customer care at Crowley marine following the tax cuts
in Jobs Act Crowley was able to pay employees like lasagna a big tax cut
bonus they took a lot of money and they gave it around to the employees that
bonus will help support the education of her two sons Cameron and Christian
good again
pretty good
so we're so happy for your family and I know your sons are gonna make you very
proud they're great young men and lasagna please would you say a few words
please
Thank You mr. president for the invite it's an honor to be here today as you
said Crowley maritime was able to benefit from the tax reform by paying
employees bonuses and in return my family we were able to invest in our
children education
my son Cameron he will be entering into his senior year at Morehouse College in
Atlanta Georgia
and my youngest Christian Hill he will be entering into his freshman year at
Savannah State both in the fall
so because of this you know Crowley maritime is a fantastic company I've
been there 24 years I'm very honored to work for such a great company and for
the company to benefit from such a great tax opportunity in which they were able
to give back to the employees and so I want to thank not only mr. president for
allowing us the opportunity to tell our story but also Crowley as a company that
I've been whipped for so long throughout my career so thank you again
by the way she got the biggest by far including you Ivanka and including all
of my political geniuses out here great job like you're a professional
speaker have you done that before yep not that's called potential thank
you very much beautiful beautiful family another American who has used his tax
cut to give back to others is guy berkebile president of guy chemical in
Somerset Pennsylvania the great state of Pennsylvania credible place guy
increased bonuses raise salaries and purchased new equipment guy has also
hired 30 new employees to help meet customer demand which is actually
booming right now the best he's ever had and here with guy are two of his
tremendous employees Lee and deist and Michelle croolik we want to ask guy
maybe if you could come up say a few words about the tax cuts and how it's
affected your company and I assume your people that work for you are really
happy please
if President Trump and the members of Congress who have voted for this tax
bill I can't tell you how much it means to my company and my employees when I
founded my company in 1995 I mortgaged my house seven times in order to pay for
the growth of the company over the next 10 15 years before the company finally
got large enough that you could stand on its own the money that we are saving
from the corporate tax cuts I have reinvested back into our business and
into our employees we recently just built an addition onto our manufacturing
facility in Somerset Pennsylvania this addition includes new equipment a new
compounding room in a new lab for research and development that is five
times larger than our old lab
this investment in our company has led to a 35% increase in sales over the
first quarter of 2018 in addition to the 30 new jobs that we created this year so
far
so with the tax cut money I have been increasing salaries and we have also
increased bonuses to our employees I have some of my employees that have come
down are sitting out here in the in the fourth row and I have two right here
Michele chu'lak her son also works for us to Michele's one of our line leaders
she is using the additional money from her increased bonus to fix her car I
take it so she has a reliable way to work every day and her and her husband
are also taking a vacation a second honeymoon to celebrate their 25th
wedding anniversary this year
'only diced he's a Navy veteran
but we're proud of our servicemen back home he is our head and maintenance he's
the guy that keeps my plant running he and his wife have two young daughters
under the age of four so he's using his additional money from his bonus to help
offset his expenses for child care and they are also taking their first
vacation in five years
President Trump I'd like to thank you very much for fighting for American
businesses and our workers who keep our factories running
how did he do pretty good pretty good Wow that's a good that's a good
combination I want to tell you a lot of talent I just want everybody keep up the
great work because common sense is being restored in Washington again because
hardworking Americans are in charge of their government once again Washington
tried to change us but that's not going to happen instead we're changing
Washington and we're changing it quickly and for the better
that's why our economy is booming that's why our families are thriving that's why
our businesses are growing and that is why America is winning like never ever
before we're setting records every day these
are victories and there your victories and now what we're doing is we're
straightening out our trade our trade has been a disaster we were being taken
advantage of as a country by many many countries friends and enemies and those
in between and sometimes our friends in terms of trade were treating us worse
than the enemies and I want to just tell you that's being taken care of very well
and very beautifully our steel industry is coming back never have they seen
anything like what's happened over the last four months with steel they were
dumping steel dumping all over our land they were dumping steel and we were
losing our steel business United States steel the head called me up two days ago
he said the most incredible thing that we've ever seen we haven't expanded in
thirty years we haven't done anything remotely like expansion and we're now
expanding and renovating areas of plants that haven't been used in forever
you remember US Steel was mess if they have plants that went a mile and a half
long and they were using little corners of plants he said this has not happened
for decades it's back we were in South Carolina the other night and Georgetown
steel Georgetown is a wonderful company couldn't make it they closed four years
ago they announced as I literally was getting off the plane they announced
that they're opening up their steel mills 600 people are employed
and don't forget what it means is it means jobs but we can't lose the steel
industry steel we need certain industries we have to have but it means
Jeb said you know what else it means billions of dollars will come into our
treasury nobody talks about that billions and billions of dollars but
what's happening with steel aluminum what's happening with other industries
where we're working to revive them believe it or not washing machines they
were dumping washing machines and they weren't good machines all over the
country and we put a big tariff on a certain country for doing it and now we
have these washing machine plants that would close they're open and they're
thriving solar panels 32 plants it's a new industry so they weren't old 32
plants all over the country two were opened the rest a gun out of business
now those two and those two were in bad shape now they're doing great and
they're looking at 10 11 and even 12 reopening of solar plants all over the
country and these are really great panels so the level of quality and just
to finish many countries are calling saying let's negotiate
they were never doing that they're saying let's negotiate please please we
want to negotiate they weren't doing that before of course I'm not sure if
your past representatives would have known the difference but let me tell you
their calling and they want to negotiate and all we want is fairness we're gonna
be the smart country again not the stupid country that was taken advantage
of and you made this possible you are all
truly making America great again a slogan that I'm very proud of that was a
slogan that seemed to have worked I tell you what it's it was a very special and
it's so accurate even more so than America first you know America first is
very threatening to others that we don't want to be threatening but make America
great again that's what's happening we're bringing back our pride we're
bringing back our jobs we're bringing back our wealth and for the citizens of
this great land we're bringing back our beautiful American dreams we have dreams
you guys have dreams I'll bet right big ones because now you're on a level
playing field now you're on a level beautiful playing field they're gonna be
great futures so I want to thank you all I want to just say God bless you all
very very special people thank you for all the help our country is doing so
well possibly as well as it's ever done I don't think it's ever done like this
in terms of the economy and we have were rebuilding our military seven hundred
billion dollars we got approved and seven hundred and sixteen billion
dollars for the following year so we'll have the strongest best most modern
military that we've ever had relatively speaking and we need it
and we hope we never have to use it but the stronger it gets the less likely it
is that we'll ever have to use it so we're gonna have something very special
I want to thank a couple of the generals some of my great generals are in the
back these are tough cookies we have the best in the world we have the best
military in the world but now we're going to have it's equipped with the
finest and remember what else that means that means jobs because we build it here
when we build those beautiful planes from Lockheed and from Boeing and
Grumman and all of the different places we are this American jobs the ships to
all American jobs so it means a lot jobs mean nothing compared to the importance
of having the right that's in one case this is probably the only case where the
jobs aren't as important we have to get the military taking care what jobs are a
secondary benefit and we have jobs all over the country so I just want to thank
everybody for being here there's a very special time for the country very
special time for you god bless you all thank you very much the President of the
United States in the East Room inside the White House with a very personal
touch obviously you've heard him referencing by name some of the
politicians the leadership in the room that helped him with tax cuts
representatives Dianne black and Kevin Brady LG's throughout a couple names he
called out his daughter who's a senior advisor to him inside the White House
Advantage Trump but then he went to people who've actually benefited from
the tax cuts and so this became personal for Lasagna who was to his right as he
spoke she spoke at the lectern and he said wow you could you've got potential
you could do this every day she talked about how her company took the windfall
of cash from tax cuts benefits and pass those on to employees so we've been
watching the president live and you were watching outnumbered stay with us
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