President Donald Trump remarks while signing Tax Cut Bill
Release Date: 01/04/2018
Old Guard Audio ❗
For Quora
info_outline Heritage Foundation Sues Biden Administration to Stop Vaccine MandateOld Guard Audio ❗
Heritage Foundation Sues Biden Administration to Stop Vaccine Mandate / / November 29, 2021 The Heritage Foundation will "fight tooth-and-nail and send the message that our freedoms are not up for debate," Heritage President Kay C. James says. Pictured: President Joe Biden speaks Nov. 3 at the White House about authorization of a COVID-19 vaccine for children ages 5 to 11. (Photo: Drew Angerer/Getty Images) The Heritage Foundation is suing the Biden administration to stop its COVID-19 vaccine mandate for private employers, calling the requirement a “gross abuse of power.”...
info_outline Waukesha Deaths PreventableOld Guard Audio ❗
Horrific Waukesha Deaths Preventable Result of Ill-Considered Bail Policies / / / / / / November 23, 2021 John Chisholm, pictured, the rogue Soros-backed prosecutor in Milwaukee County, released Darrell Brooks from custody when he should have sought no bail. On Nov. 21, Brooks drove his car through a Christmas parade, killing five adults and injuring more than 40 people, including children. (Photo: county/Milwaukee.gov) Commentary By Amy Swearer is a legal fellow in the Edwin Meese Center for Legal and Judicial Studies at The Heritage Foundation. ...
info_outline Supreme Court Hears Oral Arguments in 2 Texas Heartbeat Act Cases. Here Are the Top TakeawaysOld Guard Audio ❗
Supreme Court Hears Oral Arguments in 2 Texas Heartbeat Act Cases. Here Are the Top Takeaways
info_outline Transgender Bathroom Policies Open Doors for Sexual PredatorsOld Guard Audio ❗
A male student sexually assaulted a female student in the women’s bathroom at Stone Bridge High School in Loudoun County, Virginia in May
info_outline Federal Judge Rules Religious Exemptions to Vaccine Mandates Must Be AllowedOld Guard Audio ❗
A federal judge in New York ruled on Tuesday that religious exemptions for health care workers must be upheld in spite of the state’s sweeping COVID-19 vaccine mandate.
info_outline Attorney General Garland Abuses Power He Doesn’t Have to Threaten ParentsOld Guard Audio ❗
Garland memo looks like an effort to use the FBI to threaten and silence parents who are outspoken opponents of critical race theory in schools.
info_outline Terry McAuliffe: I Don’t Think Parents Should Be Telling Schools What They Should TeachOld Guard Audio ❗
McAuliffe vetoed a law that would have allowed parents to block their children's exposure to sexually explicit books in schools. Such as illustrations of oral sex and masturbation and Evision’s allegedly shows graphic descriptions of a man having sex with children.
info_outline The Morning Brew: Myth of January 6 ☠ ⚔ Insurrection ⚔ ☠ Takes Another Blow, Even CNN Calls Out Biden Border Agent SlanderOld Guard Audio ❗
FBI Informant Was Inside Proud Boys on Jan 6, Told Feds No 💥 Insurrection or Violence 💥 Was in Their Plans
info_outline When Politicians Call For Fairness - They're Usually LyingOld Guard Audio ❗
Of course, those who earn high incomes don't pay like middle-class folks do. They pay far, far more. IRS statistics show that the top 1% of income earners pay more in federal income tax than the bottom 90% combined — while the top 1% earned 21% of all income in 2018, they paid 40 % of all income tax revenue. The top 10 % paid over 70 % of all federal income tax.
info_outlinePresident Donald Trump remarks while signing Tax Cut Bill
Also, comments on missile defense, continuing budget resolution
00-00
good morning everybody thank you very
00-01
much for being here and Merry Christmas
00-03
Happy New Year have great holidays we
00-07
are going to sign some very important
00-09
things today
00-10
one is a continuing resolution that very
00-16
importantly gives us the right and we
00-19
are ordering four billion dollars worth
00-21
of missile defense equipment and
00-24
missiles themselves very important
00-27
top-of-the-line best in the world we
00-30
make the best military product in the
00-32
world nobody is even close so we're
00-35
ordering four billion dollars worth of
00-36
missile defense and that will be done by
00-40
signing right here and also by notifying
00-44
the Speaker of the House and president
00-48
of the Senate designating the missile
00-50
defense as emergency defense fund so
00-53
it's four billion dollars for that and
00-56
seven hundred million dollars for
00-59
various other military forms of
01-02
equipment and I'm very honored to be
01-04
doing that our military has been doing a
01-05
fantastic job in so many ways with Isis
01-07
and everything they're touching lately
01-10
has been working out so we're signing
01-12
that
01-23
this is the letter to Mitch McConnell
01-28
and separately to Paul Ryan authorizing
01-32
that having to do with missile defense
01-52
okay
02-00
very important so that's being done
02-02
today and that's going to be sent out
02-04
and then when I watched the news as you
02-07
know we had the largest tax cuts in our
02-10
history just approved and I was gonna
02-14
wait for a formal signing sometime in
02-16
early January but then I watched the
02-18
news this morning and they will say will
02-20
he keep his promise will he sign it by
02-22
Christmas you are one but will he sign
02-26
it by Christmas and I called downstairs
02-29
I said get it ready we have to sign it
02-31
now
02-31
we're gonna wait till January 7th or 8th
02-34
and do a big formal ceremony but every
02-37
one of the networks was saying will he
02-39
keep his promise will he sign it for
02-41
Christmas before Christmas and so I
02-44
immediately called I said let's get it
02-46
ready as you know three point two
02-48
trillion dollars in tax cuts for
02-51
American families including the doubling
02-53
of the standard deduction and the
02-55
doubling of the child tax credit the
02-59
typical family of four earning $75,000
03-02
we see an income tax cut of more than
03-05
two thousand dollars many much higher
03-08
than the slashing their tax bill in half
03-11
and they're gonna start to see that
03-14
because we're signing today they're
03-16
gonna start to see that in February the
03-18
numbers will speak one of the big things
03-20
that happened you have some great
03-22
companies I want to thank AT&T; who
03-24
actually was the first out of the box
03-26
and Boeing and Sinclair and Wells Fargo
03-29
and Comcast even though they owned NBC
03-31
which is not so nice to the presidency
03-35
or the president but Comcast also they
03-39
all have made tremendous contributions
03-42
to their employees and tremendous
03-45
contributions to spending money in this
03-47
country because of the tax bill and they
03-50
all said it it's because of the tax bill
03-52
so they're making tremendous investments
03-54
that means jobs means a lot of things
03-57
and we're very happy so that's AT&T;
03-59
Boeing Sinclair Wells Fargo Comcast and
04-03
now many other companies as you
04-05
in fact just this morning I see three
04-06
more companies came on friend of mine
04-09
Bob Kraft called me last night he said
04-12
this tax bill is incredible
04-14
he owns the New England Patriots but
04-16
he's in the paper business too and he
04-19
said based on this tax bill he just
04-21
wanted to let me know that he's going to
04-24
buy a big plant in the great state of
04-27
North Carolina and he's going to build a
04-30
tremendous paper mill there or paper
04-33
products plant and I've had many calls
04-36
such as that people that are
04-39
entrepreneurs people in business they're
04-41
going out and they're going to buy
04-43
frankly factories that are closed
04-45
abandoned and now they're not going to
04-47
be abandoned and they love this is
04-49
having an even bigger impact faster than
04-52
I thought the corporate tax rate as you
04-54
know will be lowered from 35 to 21
04-57
percent that means that more products
04-59
will be made in the USA a lot of things
05-03
are going to be happening in the US and
05-04
we're going to bring back our companies
05-06
that they've already started coming back
05-07
I think they had certain confidence in
05-10
me they figured we're going to get this
05-11
done but they have already started
05-13
something very important to me the
05-15
family farmers and small business owners
05-18
who lost their business because of the
05-20
estate tax most of them won't have any
05-22
estate tax to pay it will be a great
05-26
thing for their families you can leave
05-27
your farm to your family you can leave
05-30
your business your small business to
05-31
your family not even so small because
05-33
the numbers are pretty big here so
05-36
they'll be exempt from having to pay
05-38
estate tax which will be tremendous
05-40
they'll keep their farms and their
05-41
businesses in the family businesses will
05-44
be able to deduct 100 percent of the
05-46
cost of their capital investments in the
05-48
year the investment is made that's
05-50
called expensing and to do one year
05-53
expensing I think is going to be one of
05-55
the biggest things in the bill frankly I
05-56
think people are going to go out and
05-58
absolutely go wild over expensing Bob
06-01
Kraft mentioned that last night in this
06-03
telephone call the the fact that they
06-06
can expense - when you're expensing is a
06-08
fantastic asset historic small business
06-12
tax cuts and pastures now are made
06-15
really really good for the business
06-17
owner you know they're high
06-18
people I see it on television I'm
06-21
reading about it all over where people
06-22
are hiring a lot of people right now to
06-24
go to work the small business tax cut
06-27
and the passages are now really
06-30
incentivizing people we're going to
06-32
bring back probably four trillion
06-34
dollars from overseas nobody knows the
06-37
exact number but it's massive it'll be
06-39
over three trillion it could be five
06-40
trillion but it's a tremendous amount of
06-42
money that was caught overseas that the
06-45
bureaucracy plus the tax laws didn't
06-48
allow it to reasonably be brought back
06-50
into our country so we think at least
06-53
four trillion dollars is going to be
06-55
brought back and if you look at that
06-59
it's going to be brought back right
07-01
under the code this is something that
07-03
Republicans wanted for years and
07-05
Democrats wanted two years and yet it
07-07
never got done who would object to
07-09
trillions of dollars being brought back
07-11
into our country nobody but it never got
07-14
done now it's being done and the bottom
07-17
line is this is the biggest tax cuts and
07-20
reform in the history of our country
07-21
this is bigger than actually President
07-24
Reagan's many years ago I'm very honored
07-28
by it in addition we have Anwar we're
07-31
opening up and war for drilling they've
07-33
tried to get that for forty years
07-35
they've tried to get that even during
07-36
the Reagan administration they could
07-38
never get it that alone would be a big
07-40
bill if that ever happened but that's
07-43
even part of this and we have of course
07-47
the individual mandate which is a very
07-51
unfair and very unpopular provision as
07-53
you know in Obamacare essentially I
07-57
think it ultimately leads to the end of
07-59
Obamacare it's essentially I think
08-01
Obamacare is is over because of that and
08-04
we're going to come up with something
08-05
that's really going to be very good but
08-07
the individual mandate was very unfair
08-09
because you're basically saying pay for
08-12
something in order not to have to get
08-14
health care so you're paying you're
08-16
paying not to have to have health care
08-19
it was very unfair many people thought
08-22
it should have been overturned in the
08-23
supreme court didn't quite make it
08-25
almost but didn't quite make it but now
08-27
we're overturning the individual
08-28
most unpopular thing in Obamacare very
08-31
very unfair so this is the bill right
08-35
here and we're very proud of it it's
08-38
gonna be a tremendous thing for the
08-40
American people it's gonna be fantastic
08-42
for the economy it's going to keep
08-45
companies from leaving our shores and
08-48
opening up in other countries they are
08-51
very disincentivized to do that they are
08-54
there's not a lot of lot of not a lot of
08-56
not a sense to do that you do that and I
08-59
don't think you're going to be running
09-00
the company very well so what's
09-02
happening is we're going to sign this
09-04
this is a little picture of it it fits
09-08
nicely in the box I said take it out of
09-10
the box because people have to say and
09-12
all of this everything in here is really
09-17
tremendous things for businesses for
09-21
people for the middle class for workers
09-24
and I consider this very much a bill for
09-26
the middle class at a bill for jobs and
09-29
jobs are produced through companies and
09-32
corporations and you see that happening
09-33
corporations are literally going wild
09-36
over this I think even beyond my
09-38
expectation so far beyond my
09-40
expectations so I'll sign this today
09-43
rather than having a very big formal
09-45
ceremony in two weeks when we were going
09-48
to do it because I didn't want you folks
09-51
to say that I wasn't keeping my promise
09-53
I am keeping my promise I am signing it
09-55
before Christmas I said that the bill
09-58
would be on my desk before Christmas and
10-00
you are holding me literally to that so
10-03
we did a rush job today it's not fancy
10-05
but it's the Oval Office it's the Great
10-08
Oval Office and just to conclude a
10-11
country's doing very well we
10-13
tremendously cut regulations legislative
10-17
approvals for which I've given no credit
10-20
in the mainstream media we have I
10-22
believe it's 88 which is number one in
10-26
the history of our country second now is
10-28
Harry Truman Harry Truman had more
10-30
legislative approvals than any other
10-32
president and a record long held and
10-37
beat him on legislative approval so for
10-40
which I get no credit a lot of people
10-41
say he needed this because he has had no
10-44
legislative approvals
10-45
well if you look at VA accountability
10-48
act and so many other bills having to do
10-50
with the VA having to do with the
10-52
military having to do with many things
10-53
we have more legislative victories than
10-57
any other president not including this
11-00
but this is the capper because this is
11-02
again the biggest tax cut biggest reform
11-05
of all time so it's an honor to have you
11-10
with us and we will sign this right now
11-12
this is something I'm very proud of
11-15
great for our country great for the
11-17
American people thank you all
11-32
so we went through the whole thing but
11-35
this is basically what it is
11-36
let's you know
11-45
and I want to thank some people in
11-49
particular that aren't here because
11-51
again we expected a formal ceremony in
11-53
two weeks but Mitch McConnell has been
11-55
fantastic worked so hard we would speak
12-01
at 3-00 in the morning and 2-00 in the
12-02
morning and we would speak whenever we
12-04
had to speak but do you work so hard and
12-07
the exact same thing can be said for
12-08
Paul Ryan they are very proud of this
12-13
and we're already seeing the results and
12-16
I as I said long before long ahead of
12-18
schedule Paul Ryan Mitch McConnell thank
12-22
you very much Orrin Hatch the chairman
12-24
made a beautiful speech the other day in
12-28
front of the White House absolutely
12-31
brilliant beautiful speech and we
12-32
appreciated it and I appreciate it it's
12-34
hard working Kevin Brady we I don't
12-37
think he slept for months it's almost
12-39
like that's all he did was this Mike
12-42
Enzi senator and Diane black Rob Portman
12-47
a group of Rutte Rob Portman Rob works
12-50
so hard so knowledgeable on the subject
12-52
Pat Toomey likewise Tim Scott likewise
12-55
John Thune likewise these people work so
12-58
hard and I don't know if they given the
13-00
proper credit and the whole Senate when
13-03
I say the Senate unfortunately the
13-06
Republicans in the Senate Democrats
13-10
don't like tax cuts they want to raise
13-12
your taxes they don't want to lower your
13-14
taxes they want to raise your taxes and
13-17
they want to spend money foolishly on
13-18
things that we we don't need in many
13-21
cases so we're cutting taxes we're
13-25
taking care of our military and we're
13-27
taking care of people and we're really
13-29
doing a job one job so these folks have
13-32
been so fantastic that I had to call
13-34
them and plenty of others believe me
13-36
Republicans in the House and Republicans
13-39
and the Senate have been incredible so
13-42
this is what we
13-44
we had it it was all set to go as soon
13-46
as I got back from Christmas where we'll
13-49
be working in Florida I'll be working
13-52
very hard during that Christmas because
13-53
we have many things with talking about
13-55
including North Korea including a lot of
14-00
things happening in the Middle East as
14-01
you know we've made tremendous strides
14-04
obviously in Syria with Isis we've taken
14-07
back virtually all of the Caliphate all
14-10
of the land same thing in Iraq and we're
14-13
making tremendous strides at sort of the
14-15
unwritten story right now but since my
14-17
speech on Afghanistan we're making
14-19
tremendous progress tremendous strides
14-21
we've opened it up and it's a whole
14-23
different world in Afghanistan I can
14-25
tell you then so I'll be working very
14-27
hard over the holidays again I want to
14-31
wish you a very Merry Christmas I have
14-32
some beautiful pens over here and
14-35
because all of these folks are either
14-38
continuing to work down the road or
14-42
getting ready to leave and I'm sure
14-44
they'll be working very hard also I
14-46
think I'm probably going to hand some of
14-49
them to depress this the media would any
14-51
of the media like any look at these
14-52
camera guys but I think we'll do that so
14-55
we have them many of you have worked
14-59
very hard many of you have worked very
15-02
very fairly and we really appreciate
15-04
that so here you go folks you want the
15-06
box with it or not huh
15-10
to sell this tax have to travel too much
15-14
to sell it
15-16
I think it's selling itself it's
15-17
becoming very popular but I think it'll
15-20
really you'll see something on February
15-22
1st when they open up the paycheck
15-24
that's when you're gonna start to see it
15-25
because by signing it now it kicks in
15-28
for this year remember if we didn't make
15-30
a certain date it wouldn't kick in until
15-33
next year meaning the following year 19
15-36
and I wasn't happy with that so we
15-38
worked very very hard to make sure it
15-40
was this year even language originally
15-42
said the corporate would kick in in 19
15-44
but we didn't do that we we haven't kick
15-46
in and now but we had a sign so I don't
15-49
think we're gonna have to do much
15-50
selling I think the corporations that
15-52
are giving billions and billions of
15-53
dollars away to their workers and many
15-56
more are coming I think that's really
15-58
what's selling this maybe better than
16-00
anybody could including myself but I
16-02
think come February when they open their
16-04
checks and they see wow what happened to
16-07
have a lot more money in here I think
16-09
that's really going to be something very
16-10
special so have a great holiday folks
16-13
some of you folks take I in particular
16-16
like the boom holders they were so nice
16-18
to me the other day right and the
16-20
cameramen and the captain mr.president
16-23
education note Democrats have supported
16-26
this tax cut legislation
16-27
will they regret it I think the
16-29
Democrats will really regret the
16-32
Democrats already regret it you know
16-34
they have their typical thing it's for
16-36
the rich they know that's not true and
16-37
they've been called out on it by the
16-39
media actually but the Democrats very
16-42
much regret it they wanted to be a part
16-44
of it just doesn't work out but I really
16-46
do believe when I said on social media
16-48
today I read I really do believe we're
16-51
going to have a lot of bipartisan work
16-54
done and maybe we start with
16-56
infrastructure because I really believe
16-58
infrastructure can be bipartisan
17-00
we've spent seven trillion dollars in
17-02
the Middle East
17-04
not to mention all of the lives and all
17-06
of the heartache and it's so sad seven
17-09
trillion dollars it's time for us to
17-12
rebuild our country thank you very much
17-21
thank you would have started with
17-29
infrastructure at the beginning of this
17-31
year would that up sort of set the tone
17-32
differently well we're gonna get
17-34
infrastructure infrastructure is the
17-35
easiest of all we're very well in our
17-38
way we've essentially Obamacare you know
17-42
the individual mandate is a very big
17-43
factor in this bill frankly a lot of
17-45
people don't talk about it because the
17-46
tax cut is so forth but infrastructure
17-49
is by far the easiest people wanted
17-51
Republicans and Democrats we're gonna
17-53
have a tremendous Democrat support and
17-54
infrastructure as you know I could have
17-57
started with infrastructure I actually
17-58
wanted to save the easy one for the one
18-01
down the road so we'll be having that
18-03
pretty quickly thank you all very much
18-05
every
18-08
thanks guys but you think we'll help you
18-15
think we'll help ya you know one thing I
18-18
really learned as I learned had got to
18-20
know and became very friendly with the
18-22
people in the house the people in the
18-25
Senate both Republicans and Democrats
18-27
when I came you know I didn't know too
18-30
many I was very politically active but I
18-31
didn't know too many I think the fact
18-33
that I become friends with so many of
18-35
the names that I just read off in so
18-36
many of the Senators so many of the
18-39
congressmen and women I think that's a
18-41
huge factor I can call anybody now I
18-43
know every one of them very well and I
18-45
understand the legislation very well so
18-48
you know it's been a process it's been a
18-49
great for us it's really beautiful but I
18-51
do believe I do believe that the fact
18-54
that I have gotten to know so many of
18-57
these people and many of these people
18-59
have to say not saying off what I'm
19-01
saying many of these people are great
19-03
people that truly love this country so I
19-06
think that helps and I think you'll see
19-09
that in this legislation