Skip to main content

President Donald J. Trump’s Weekly Address - repealing ObamaCare


President Donald J. Trump’s Weekly Address - repealing ObamaCare

Planning a massive tax cut to bring jobs and prosperity back to the USA. 

President Donald J. Trump’s Weekly Address

President Donald J Trump

Transcript:

My fellow Americans,

Since Day One, my administration has been hard at work, tearing down the barriers to job creation and economic growth. We have removed one job-killing regulation after another – they’re not pretty and they’re going.  And believe me, we are just getting started on regulations. They’re gone.

On Thursday, the House voted to repeal one of the worst job-killing laws of all.  It’s called ObamaCare, perhaps you’ve heard of it. Everywhere we look, ObamaCare is collapsing.  The House Bill is a plan that will save Americans from this disaster, and replace it with more choices, and more freedom for American families. Most importantly, it will be great healthcare, and your premiums will come down, and your deductibles will come down.  So you’ll have better healthcare at a lower cost.  And now, I’m calling on the Senate to take action. Repealing and replacing ObamaCare will be a big, big win for the American People.

Last week, my economic team outlined another step in our economic renewal: a massive tax cut to bring jobs and prosperity back to the USA.  We pay the highest taxes anywhere in the world.  No country is higher, and we’re bringing them down –and I mean way down.

I am proposing—actually the single largest tax cut—in American history.  Our tax relief will be focused on the Middle Class, including much-needed relief for low and middle-income parents raising children.

As we provide tax relief to working families, we must also stop crippling American Industry. Right now, America’s businesses are taxed at the single highest rate in the developed world.  This is a self-inflicted economic wound that sends jobs to other countries.  And believe me, before I got here, they were fleeing fast, but we’ve stopped it.  We want to turn our country into a jobs machine—a jobs magnet, something that really works again.  We want America to be the best place in the world to hire, grow, invest, and start a brand-new, beautiful business.

And that is why under our plan, we are cutting the business tax rate all the way down to 15 percent, bringing thousands of new companies and millions of new jobs to our shores. Today’s high taxes on American Business are a gift to the foreign countries taking our jobs, factories, and wealth—and we’re not going to allow it any longer. 

Along with our historic tax cut we are proposing dramatic tax simplification.  American taxpayers spend billions of hours each year complying with our archaic tax laws, reducing economic productivity and job creation.

The complexity of the tax code also disadvantages small businesses and family-owned companies who can’t afford to hire an army of lawyers, and that’s what it is, it’s an army of lawyers, and lobbyists, or accountants.  Other people can do it, you can’t, and it’s not fair to ask you to even think about it.

That is why we are cleaning up the code, streamlining deductions, and eliminating many special interest tax breaks that largely benefit only the wealthy.

Just weeks ago, millions of Americans filed their taxes on Tax Day—they were reminded again how much they give to Washington.  We believe every day Americans know better how to spend their own money than the federal bureaucracy, and we want to help them keep as much of that hard-earned money as we can.

Tax reform, along with regulatory relief and fair trade deals—and we’re going to make them fair—but even really good again for our country, and for our workers. All of this will usher in a new era of prosperity in America – and bring wealth, hope, and opportunity to those communities that need it the most.

Together, we are going to fight for every last American job.  And we are going to fight for great, great trade deals that are so good for our workers, and so good for our families.

Thank you, God Bless You, and God Bless America.


Check out this episode!

Comments

Popular posts from this blog

Daily on Defense: Jeffries plots end run for Ukraine aid, Austin back working from home, Ukraine donor group meets, Russian warship sunk, Putin’s poor memory

Follow us on Twitter View this as website BY JAMIE MCINTYRE ADVERTISEMENT JEFFRIES: ALL LEGISLATIVE OPTIONS ARE ON THE TABLE: The pressure is on House Minority Leader Hakeem Jeffries (D-NY) to find a way to bypass House Speaker Mike Johnson (R-LA) to bring the $95 billion foreign aid bill that sailed through the Senate 70-29 to a vote on the House floor, where it would surely also pass with a wide bipartisan majority. "There are clearly more than 300 members of the House of Representatives, the overwhelming amount of Democrats and a significant number of Republicans, who would support the national security legislation, were it to receive an up-or-down vote on the floor of the House," Jeffries said on CNN yesterday.  Jeffries’s best bet is a long shot, a rarely successful legislative maneuver known as a "discharge petition," which would require at least four Republicans

Daily on Defense: New Russian nuclear threat, Stoltenberg calls on Congress to pass Ukraine aid, NATO defense spending soars, Trump repeats threat to NATO laggards

Follow us on Twitter View this as website BY JAMIE MCINTYRE ADVERTISEMENT TURNER'S CRYPTIC WARNING: The news of a dire new threat broke at 11:30 a.m. with a cryptic news release blasted out by House Intelligence Committee Chairman Mike Turner (R-OH). "Today, the House Permanent Select Committee on Intelligence has made available to all members of Congress information concerning a serious national security threat," the two-sentence release began. "I am requesting that President Biden declassify all information relating to this threat so that Congress, the Administration, and our allies can openly discuss the actions necessary to respond to this threat." And with that, the race was on to find out what "serious national security threat" he was talking about. At the White House, national security adviser Jake Sullivan was tight-lipped while expressing consternat

Daily on Defense: Zelensky cites new phase of war, poll shows strong support for Ukraine, Truce ends in Gaza, Tuberville targets woke officers

Follow us on Twitter View this as website BY JAMIE MCINTYRE ADVERTISEMENT ZELENSKY: 'WE DID NOT ACHIEVE THE DESIRED RESULTS': I n a wide-ranging interview with the Associated Press, conducted Thursday in the war-ravaged northeastern Ukrainian town of Kharkiv, President Volodymyr Zelensky offered a sobering assessment of the shortcomings of Ukraine's summer counteroffensive against Russian forces, while remaining resolute about the need to keep fighting. "We wanted faster results. From that perspective, unfortunately, we did not achieve the desired results. And this is a fact," Zelensky said. "We are losing people, I'm not satisfied. We didn't get all the weapons we