The gop tax plan. But they are still in a Holding Pattern right now. You see people on capitol hill speaking at the moment. But guess what . They have not begun that procedural vote or debate over getting to the procedural vote, which would then allow the debate to actually start overall. We are going to let you know the minute that happens. Supposed to have begun at 2 00 p. M. Eastern. Didnt happen. Were now at 3 01 eastern. We have our cameras trained on that situation. But guess what . We havent gotten to the trickiest part of this tax reform yet. Getting the house and the senate to agree on the same bill. Congressman kevin brady is the godfather of the house tax bill. The chairman of the house and means committee. May have to turn into king compromiser to get it done. He is going to be with us live since the Senate Passed the bill yesterday. Im about to ask him what his battle plan will be to make this merger meld. All of this happening as the Dow Jones Industrial closes in on 24,000. Financials gaining as the nasdaq cries out in pain at the moment. But the dow is up 81 points. We do have a bunch of big banks in the dow. So were watching those financials pull it much higher. Were at 23,918. So even though the dow is in record territory, we got a bit of a tech wreck here. Down 93 points follow the nasdaq composite. The index is actually tumbling most in three and a half months, and its not that theres something so worrisome or nefarious here. Investors are simply racing to catch in on the years shining star and that, of course, would be the tech sector. But among the subsectors within that. Youre looked at the philosophy Semiconductor Index or sauce index. It is tanking by 59 points or nearly 4. 5 at the moment. Every one of its constituents, all those chip makers and chip equipment makers are sitting in the red. Wall street darling and, boy, nvidia has been the bestperforming stock on the s p. Micron pretty remarkable stocks. It is down 8 and twothirds percent. Lamb research down 9 taking quite the beating. But wait, these stocks are still making a killing for investors year to date. We like to stretch it out and make perspective here. Annual gains youre up 99 if you went into lamb technology at the beginning of the year of the year. Can we check in on the dow transports . Do you know where do i want to do that . Well, theyre just hitting it out of the ballpark on track for the biggest gain in more than a year. It is not often you see a 2, nearly 3 gain for transporters, which has everything from airlines and railroads and fedex and ups in them. Were up 277 points. Its really the airlines that are boosting today. Jetblue, alaska air all making investors quite a pretty penny today, and you do have southwest leading the charge up 5. 33 for luv. As we await President Trump to make remarks in Saint Charles, he still hasnt gotten in the limousine yet. He is greeting people, and really, he has one main mission, at least thats the guidance we have got an from the white house. It is to really beat the drum for gop tax reform. Get that part of the agenda that he promised well before the election would happen. One part of trumps speech has him appealing to the American Worker. Quote this is our chance to free our economy from the workers from the terrible tax burden in washington. Now comes the moment of truth. So we know hes going to focus in on that issue. But, jeff flock, there are lots of questions of whether it does help the American Worker more or equally with the corporations that are getting quite the tax cut. There at the Convention Center. Whats the chatter . Or its even with the economy doing as well as its apparently doing with record markets as well as record low unemployment. Youve got 13 states that have never had lower unemployment than they have right now. Some questions of whether we need any jet fuel poured into it. The president s about three or four miles away from the airport of the Convention Center here in Saint Charles. And i tell you, hes really got some sales to do. Maybe not inside this. About 1,000 people, theyre all invited guests, so i assume theyre already on board. But heres what the white house released just a short time ago. Prepared remarks from the president. He says, and i have to put my glasses on for this. We have a onceinalifetime opportunity to restore american prosperity. But in order to achieve the bright and glowing future, the Senate Must Pass tax cuts and bring main street rolling back to life. Answering those critics to say maybe the economys doing okay, its not enough for the middle class to keep getting by. We want them to start getting ahead. But as you point out, liz, theres question about oh, the president is en route. Did you hear that . Maybe you did. Liz oh, no, we heard it. How could we not hear that . You never know. I leave you with this, though. And that is in terms of a public and, you know, Popular Support for them, quinnipiac poll, been a couple of polls out there. People broadly support the notion of tax reform. But when it comes to this specific bill, may not so much. 61 of those surveyed say this bill is going to help the wealthy. Only 24 think its actually going to help the middle class. Thats some sales to do not only among the senators, but among the populous as well. Liz how about the house . Were about to hear how they plan to put the marketing effort together as we wait on President Trump to, of course, take the stage behind jeff. The tax bill debate in the senate is it underway yet . Okay. We are still waiting for it to get underway. Lets assume just for conversations purposes, lets assume that the senate manages to pass it. What happens then . Well, the answer is not adds clear as you might think. In his first interview since the Senate Budget committee passed its bill and now you see it live going to the full senate, let me bring in the key figure on the house side, congressman kevin brady, chairman of the house ways and means committee. Chairman brady, thank you for joining us. Its a crucial moment here, isnt it . Yeah. Thank you, liz. Theres a lot of good news on the tax front. Were making assumptions hero. But if it does pass in the senate, procedurally, what is the plan . And im asking you to reveal something here. Have you other gop house or Senate Members considered or even discussed the idea that perhaps in the best interest of speed and getting this done, Republican House members would have to be forced to pass the senate bill as is. Yes. And, no, we will not do that. So step back a minute. When i think there is, as you have pointed out, a lot of momentum in the senate on tax reform, what i appreciate is like the house, theyre working to prove every step of the way, and we expect them throughout the week to continue to make a good tax reform plan better. But, no, we are going to act immediately to move to a Conference Committee so we can continue to improve the tax reform bill. The house and senate both do very good things, but we also in our discussions believe we can do even better on the tax reform front. So we look forward to working off the differences in a Conference Committee with the senate. Liz to be clear, you plan to have that debate and merge, versus simply saying quick before all of these other issues, and i would be remised if i didnt bring up the election in alabama with roy moore for senate candidate. He, of course, being embattled and theres concerns even on the gop side that that could slow things up if he does get elected. Nonetheless, you will sit there and battle it out and work it and massage it with the senate. Yeah. And battle it out wont be the case. It will be picking the best of both approaches or if theres a third option in a pro growth middle class way, well adopt that as well. I just met with chairman hatch. You know, hes doing terrific work in the senate on this bill. Every member in the Senate Republican seems to be engaged and contributing. I think those are all good signs. So i really am very excited about getting down, working out the final details on this tax reform plan. It has been too long for america, and weve fallen too far behind. Liz let me just give you an update here, sir. According to the senate, our fox News Reporter whos right there and watching every single moment of this says that the senate will get underway with that vote. The procedural vote in the next hour. Next hour. Okay. So let me get back to because im dying to know your specific procedure. The committee numbers. Can you tell me have you decided whos going to be on the committee and how many the house will get . How many the senate will get . So the answer is the speaker of the house makes those decisions. And that will as the Senate Starts to finish this up, the house will start this process almost immediately to move to conference. Were already preparing, frankly, since the morning after the house passed the bill, you know . Weve taken our improvements, were really anxious. Again, the senates doing good work. So we see an awful lot of Common Ground in this Conference Committee. But we believe we need to deliver this by the end of the year. So and so were going to get straight at it. Liz in what order do you think that you will tackle some of the tax bill issues that are different . And when i say that, we could tick through a whole bunch of them, beginning with the Corporate Tax cut. The house says 20 . Senate says 20 . But with a oneyear delay. So we start, obviously, with the most pro growth and important provisions, making sure for families weve delivered very strong middle class tax cuts, regardless of where you live. On the international side. We want to make sure our local companies can compete and win anywhere in the world, especially here at home. So we have work to do there as well. And then, of course, how we address our Small Businesses, we are devoting hundreds of billions of dollars of tax relief. This never occurred before in history, so we want to make sure were really hitting those targets in a good way. So those are some of the big issues. But there as you said, liz, and weve talked on set before. Theres a number of other pro growth provisions. We want to make sure we get it right. Liz well, let me just bring up one that some people think will be antigrowth, and that is the elimination of the state and local and Tax Deduction. The senate says get rid of it because they dont have a lot of senators or any, really, that are in the very high tax states of new york, new jersey, california. You in the house have a trickier situation here. You have more of the congressman like peter king and lee who, by the way, protested outside the long island irs Office Yesterday and then, you know, weve spoken to darrell of california. He doesnt like the elimination of this deduction either. And this is what jumped out at me. Larry kudlow today who is an economic outside adviser to the president , larry kudlow is in essence saying that this is not something that he really felt was the right way to go. Simply on the individual side. He likes the corporate side. But he feels that the state and local Tax Deduction will hurt all kinds of people, different people were his words. Not just the higher, wealthier people, but also, chairman brady, it would hurt some middle class people, for example, on long island. So, look, what i know is this. For too long our tax code has favored some over many in massively working class americans that construction worker in the street is being taxed twice to make sure some get help with state and local deduction. We think we can do better. Having said that, im committed to working with congressman king and others to make sure their constituents see tax relief, regardless of where they live. And so that is a big challenge. Im continuing to work with our members in that regard. I think at the end of the day we show tax relief across income levels, across states as well. I think thats really important. Liz it sure seems like theres more wiggle room for the house side as well. The state and local Tax Deduction. Congressman, its great to have you here. I need to see you back here soon because you really one of the top guys that really matters here in this discussion. Thank you very much for taking time out of your busy day. Congressman kevin brady. Chairman of the house ways and means committee. He has to run, but theyre not exactly running as fast as they can in the senate. Theyre still having the discussion on the floor at the moment. In Saint Charles, missouri, the president is only waiting long enough to get there. Hes in his limousine apparently and now heading toward the conventional center where he will give what some are expecting to be a barn burner of a speech about getting tax reform done. We will take that speech the second it happens because fox means business. Were on it. Dow jones industrials up 79 points on a big market day. [vo] when it comes to investing, looking from a fresh perspective can make all the difference. It can provide what we call an unlock a realization that often reveals a better path forward. At wells fargo, its our expertise in finding this kind of insight that has lead us to become one of the largest investment and Wealth Management firms in the country. Discover how we can help find your unlock. From godaddy in fact, 68 of people who have built their. Website using gocentral, did it in under an hour, and you can too. Build a better website in under an hour. With gocentral from godaddy. Our recent online sales success seems a little. Strange . Nk na. Ever since we switched to fedex ground business has been great. Theyre affordable and fast. Maybe too affordable and fast. What if. People arent buying these books online, but they are buying them to protect their secrets . . hi bill. If that is your real name. Its william actually. Hmph affordable, fast fedex ground. Liz breaking news. The traders at the New York Stock Exchange always have these little sayings like sell in may go away. Well, they were saying 24 by 25. Meaning dow 24,000 by december 25, and it could be that the big milestone is just around the corner. We may hit it well sooner than december 25th. It was around this time last year that we were at 19,000. Then we hit 20,000 and 21,000 in march. Very quick turn around there. 22,000 took a little bit longer in the summer than 23,000 on october 17th. And now at this hour, we are very, very close. We are less than what would you say . 29 points. About 29 points away. Oh, less than 100. 90. I didnt do so well in math on the sats. Were less than 100 or about 90 points away from dow 24,000. The dow once again racing to what will be, if we close anywhere higher than where we started, 62nd record close of the year. So if you listened to all the bears out there who were screaming to get out now after we hit 19,000 a year ago, you would have missed out on a huge, massive rally. So if youre still sitting on the sidelines, now it gets a little trickier. Do you jump in on the dow 25,000 train . Forget about 24,000. Were almost there. The New York Stock Exchange and cme group. 24 before 25 . I dont know, liz, but you can have a job at seaport. You guys are number three in digging tunnels. I dont know. Its you know, weve got its really interesting day, you know . The financials are doing great. The transports are doing great. Insurance stocks are doing great. Even some of the insurance stocks. We have a tech wreck which weve seen this before. You just pull the plug on them. Everybody gets scared. They run to the sidelines and two days later theyll be trading right back where they were. But bottom line is that the lines of least residence continue to be up and the focus clearly is the tax. Liz its amazing. You never really know whats going to be the start. Im not sure anybody called that yesterday. Oh, watch the transports today because they are just doing unbelievably well. And maybe tomorrow, larry, the narrative will be crude and crude oil because opec is having that meeting with both opec members and nonopec members about whether to officially extend last years cuts well into 2018. Yeah. I cant wait for this to be over with. Theres so much anxiety. So fearful when you figure saudis want to extend the cuts, russia wants to have a caveat, and whatever happens, i think we want the market to return on the mentales. So tomorrows going to be very, very interesting. The consensus is really expecting a full extension, and you hate to break the bad news. I think its going to be a ninemonth or sixmonth caveat to that. Liz well watch that as we are watching the markets inch closer, at least for the dow, to 24,000. Were at 23,916. Watch that level while the president speaks. We often do that, and you see the dow and the nasdaq and, of course, the s p sometimes make a move on certain remarks. He is fully expected to speak on tax reform. Here he is. I told you that you would be saying Merry Christmas again; right . [applause] and its great to be back in missouri. Sign of a lot of good things because youre doing really well, and i want to thank governor and attorney general holly who, by the way, joshua. Josh, our next senator. Where is he . [applause] its going to be a great senator. And he wants to see a major tax cut. I think i can speak for him; right . And your current senator does not want to see a tax cut. Thats not good. Thats not good. She wants your taxes to go up. Secretary mnuchin, whos doing such a fantastic job. Thank you. [applause] and linda mcmahon, Everybody Knows administrator Small Business became a big business under linda. Shes helping a lot of people. Thank you very much, linda. [applause] i especially want to thank missouris incredible delegation. Sam. Wheres sam . Are you all here . They flew in with me. They wouldnt miss that flight. Vickie hearts. Thank you, vickie. [applause] billie long, who i think was my first endorser in the entire country, practically billie; right . Thank you, billie. Blain. And he was great on television today. I watched him. I got up early, and i watched you. That was a good interview. Thank you. Euro favor of tax cuts. Jason smith and anne wagner. Thank you, jason. Thank you, anne. And i have two others. I have a lot of i have a lot of faith in faith. Sally faith. Wheres sally . Your mayor . Hi, sally. Thanks, sally. And eric schmidt, Missouri State treasurer. Thank you. Thank you, eric. Youre doing a great job. Just three months ago, we came to this state to launch our plan to bring back main street by cutting taxes for American Families and Small Businesses. Today, ive come back to this incredible state to spend an afternoon with its amazing citizens. You are amazing. To help push our plan for historic tax cuts right across the finish line. And were going to do that. With your help, we can usher in a thrilling new era of opportunity and growth for this nation that we love so much. Tax cuts have already passe passed the house of representatives. Big ones. [applause] the eyes of the world now turn to the United States senate. A successful vote in the senate this week will bring us one giant step closer to bringing a victory for the american people. Massive tax cuts and reform. I dont even mention the word reform because people dont know exactly what were talking about, you know . For years, they have not been able to get tax cuts. Many, many years. Since reagan. And the problem was they talked about tax reform. Not tax cuts. I said dont call it reform. Call it tax cuts and reform. So every once in a while well add the name reform. But its tax cuts. We cannot sit. [applause] we cannot sit idly by losing competition to other countries as they continue to take away our jobs because their tax codes are more competitive and less burdensome than ours. That is why we must cut our taxes, reduce economic burdens, and restore americas competitive edge. Were going to do that too, and its already happening. Look whats happening with our markets. People get it. If we do this, then america will win again like never, ever before. [applause] a vote to cut taxes is a vote to put America First again. We want to do that. We want to put America First again. Its time to protect our workers, rebuild our communities, and rebuild our great country. Weve spent almost 7 trillion in the middle east over the last 16 years. 7trillion. Now, im taking care of it. Were doing numbers like isis has never seen before. Were wiping them out. Terrorists. Theyre bad. [applause] and all of that, but weve spent almost 7 trillion. We could have rebuilt our country four times over. And were going to start spending here. Were going to start spending here. [applause] and with that being said, were going to protect our country whether its north korea or any were going to protect our country like never before. Were going to build up our military and make our product here and make our planes and our boats and our everything here. But were going to build up our military. [applause] weve got to start focusing on our country. Thats why im saying America First. Make America Great again. Youve never heard that expression. All those hats. All those. Theyve never heard that expression before. That was a good expression, and its a true expression. Its already happening long ahead of schedule. In fact, today, some numbers came out that people havent seen in many, many years. This beautiful city of Saint Charles is the Perfect Place to deliver the message that i want delivered. Its the place where americas past and future come to life on this Historic Brick find main strata. Nice street. Do you agree . [applause] it was along these very streets that in 1804 the Great American explorers luis and clark gathered their final supplies before setting out on their very historic expedition of discovery. I have to say, i didnt really know that until two days ago. [laughter] see . Now the world is now the world is watching, look at all the fake news back there. [cheers and applause] theyre all watching. Today more than two centuries later, a new generation of american pioneers begins its own adventure. Gathering inside the startups and the store fronts of main streets across the country, blazing new trails into totally uncharted territory of business and technology and once again, leading our nation into a future of limitless potential. Thats what we have in this country. We have the greatest people. Its the greatest country. I love this country so much. [applause] our country was not treated properly for a long time. Were treating it properly. Were treating it with love and with this. You got to treat it with this. [cheers and applause] and today just as its always been, main street is the heart of our economy. The soul of our community, and the birth place of american dreams. But over the years, crippling taxes, massive regulation and totally disastrous trade deals. Oh, the trade deals. Oh. I get a headache thinking about who made these deals . One after another. Wto. Nafta. The wonderful deal with south korea. Remember they said its going to produce 200,000 jobs, and it did for south korea. [laughter] didnt produce we lost 200,000 jobs. It turned some of our businesses main streets into empty ghost towns. You see whats happened. Now we have a onceinalifetime opportunity to restore american prosperity and reclaim americas great destiny. Weve already made tremendous progress, far greater than i would have thought. I will tell you this in a nonbraggadocious way [laughter] there has never been a ten month president that has accomplished what we accomplished. That i can tell you. [cheers] that i can tell you. [cheers and applause] today again, the stock market has reached another record alltime high. [cheers] the Unemployment Rate nationwide is the lowest its been in 17 years. [cheers] and 13 states this year have seen unemployment drop to the lowest levels in the history of their state, and i hate to tell you but missouri happens to be one of them. [cheers and applause] weve created nearly two million jobs, two million jobs. Think of that. We used to lose millions, now weve created. Two million jobs since i won the election, sdpoipt say since you won the election, i didnt win the election, you won the election. [cheers and applause] and we will create countless more if we can sustain the 3 growth rate weve achieved for the past two quarters. But were going to do much better than that. Remember i used to say we can hit 4 and we can hit 3 and they were all saying forget it, forget it. It was 1. 2, doing terribly, we were flat, we were even. In all fairness the stock market was going this way, and now were hitting numbers that nobody thought possible, certainly not in this time, and the numbers going up are going to be much better than anybody anticipates, in fact, theyre going to say that trump is the opposite of an exaggerator. Exact opposite. [applause] theyre going to start saying, governor, that he ought to be a little bit more optimistic, because his predictions were low. Can you believe it . You know a year and a half ago they were saying he cant do that. Now theyre saying, hmm, that was quick. [laughter] the Commerce Department announced this morning the gdp, thats the big one, in the Third Quarter grew even faster than they reported previously. They made a mistake. They made it too low, 3 , 3 , did you think you would hear that in less than a year . No now comes in at 3. 3 which is the largest increase in many years. [cheers and applause] and if we didnt have the hurricanes, we would have been at 4 . The hurricanes were devastating. And i said theyre worth a point, they said they were worth like. 006. I said they were worth a point. We would have been at 4 , maybe over 4 but we had hurricanes, we took care of them in texas and florida. They did a great, great job, amazing job. Tremendous leadership. And were very proud. Puerto rico has been a very tough situation because of the fact that it was in very, very bad shape before the storms ever hit, but theyre doing well there and its healing and its Getting Better and were getting them power and all of the things that they have to have, but i want to tell you that a lot of brave people in every state. We have great, great people and its our number one resource. Believe me. Really great. [applause] but in order to achieve this bright and glowing future, the Senate Must Pass those tax cuts. Bring main street roaring back, thats whats going to happen. This is all done without the tax cuts. And im not sure that people even believe the tax cuts. I want to see what happens. And the big day will be either tomorrow or the next day. I would say do it now. Were ready. I said to the republicans, these are good people. They really want it. And i know they get hit hard, the senators, congressmen, but theyre all working hard. Its not so easy, its complicated stuff, not so easy, but we had an incredible session yesterday. Thats why were there. Can we do the vote today . Im a business guy, can we do the vote now . They said how about friday . I said i dont want to wait until friday. I said to billy, billy, get me the vote. Billy passed it, so what happens . It passes, goes into the beautiful committee, i call it a pot, and we mix it up and stir it up and bring all the best things out, and youre going to have something i predict that will be really, really special. So right now [applause] really is. Really is. So right now americas tax code is a total dysfunctional mess. The Current System has cost our nation millions of american jobs, trillions and trillions of dollars and billions of hours wasted on compliance. Riddled with loopholes that lets special interests including myself in all fairness, this is going to cost me a fortune, believe me, believe me. This is not good for me. Me its not so good. I have some very wealthy friends, not so happy with me, thats okay. I keep hearing schumer, this is for the wealthy. If it is, my friends dont know about it. [laughter] i have to explain why. Now it is great for companies, because companies are going to bring back jobs and were lowering the rates very substantially, but right now were bringing the rates down from 35 , which is totally noncompetitive, the highest industrialized nation in the world by far, and were bringing it all the way down to 20 , but thats good. [cheers] thats good for everybody in the room, whether you have a company or want a job because were going to bring back jobs, and what weve had is a massive giveaway to Foreign Countries which encourage businesses to relocate offshores. Youve seen what happened. As bad as our tax code is, we have toyota. We have big Car Companies coming back in, building plants in michigan and other places, we have a lot of businesses coming back, in and they see whats happening. They see whats going on. Thats why theyre doing our current code is a giant and really it is, its a selfinflicted economic wound. Its been that way for so many years and nobody wanted to do anything about it, but all that will change, and it will change immediately if Congress Sends a tax cut and reform bill, the biggest tax cut in the history of our country, bigger than reagan. If they send it to my desk i promise all of the people in this room, my friends, so many friends in this room. A great state. I promise you i will sign it. I promise. I will not veto that bill. [cheers and applause] there will be no veto. Under the plan moving forward in the senate, a typical family of four earning 75,000 as an example will see their taxes go down by as much as 2,000. Thats a lot. [applause] now were doing that not just to help people, were doing that because it helps our country. Youre going to take that 2,000 and maybe save some and youre going to spend some and were going to make product back in our country again, its going to be made here, going to be made elsewhere, but its going to be made here, were opening up plants, opening up factories and going to be great to Small Business. Wait until you see the final product. Wait until you see what finally comes out in what i call the mixer. The beating heart of our plan is a tax cut for working families. Thats what it is. Were going to make sure [applause] that you keep more of your hardearned money. Were going to make sure you get a job that you want. Youre going to have choice. In education we now have choice, good word. Here youre going to have a choice. Youre going to have a choice of many jobs. People are moving back into our country. Under our plan, the first 12,000 of an income earned by a single individual is totally income tax free. Zero. [applause] and a married couple wont pay one dime of income tax on their first 24,000 of income. Zero. Our plan will significantly increase the Child Tax Credit and make it available to more middleclass families because the single most important investment our nation can make is in our children. Do we agree . You agree . [applause] you better agree. Families will also benefit from a new credit for other dependents like a child in college or an elderly loved one. We have our mothers, our fathers, you have your grandparents, you have people that are elderly that have done a fantastic job. Theyve grown old. You want to help them. Now we are going to help you help them. [applause] were also going to eliminate tax breaks and complex loopholes taking advantage of by the wealthy. Who are they . [laughter] i think my accountants are going crazy right now. Hey, look, im president. I dont care, i dont care anymore. I dont care. [cheers and applause] some of my wealthy friends care. Me, this is a higher calling, do we agree . [cheers and applause] as hillary said, what difference does it make . It made a big difference. [cheers and applause] made a big, big difference. We want a tax code that is simple and fair and thats for all americans. The plan that senators will be voting on this week hopefully as soon as possible, closes the loopholes that corporations use to shift their profits to tax havens and it eliminates deductions for ceo salaries over one million dollars, you see what some of these people are making. Little ridiculous. Im driving up their stock, theyre making a fortune and go to the board and tell everybody what a great job theyre doing. But what am i going to do . Honestly, many of them i dont like. [laughter] some of these bankers i dont like them and theyre making a fortune and its one of those things. Steve knows a couple of them that im talking about, doesnt he . Say what a great job they do. Right now anybody could do their job because were making it easy for them, because were giving them a great and strong economy, and because weve cut regulations more than any president in the history of this country by far, and thats for full terms, thats not for ten months. [applause] and it allows builders to build, and it allows farmers to farm. You know what ive done for farmers. [cheers and applause] where if you had a little puddle in the middle of the field, you go jail if you touch it, right . You know what im talking about. Not anymore. Not anymore. Not anymore. [cheers and applause] and it allows bankers to lend it. Allows bankers to lend again. So many people came up to me and said we had a 20year relationship with a bank, we never had a default, never had a bad loan. Now back to the bank and they say we cant do business with you anymore because they dont qualify. Even though theyre better than the people that do qualify. Its incredible, but were back to the strong days of our banks and not the days of trouble. Where bankers can make loans and Community Bankers can make great loans to good people, you saw what happened recently where the Certain Agency or bureau that was causing so much trouble to lenders where they could not lend, they couldnt lend. It was devastating. They were going out of business while taking care of, that weve already taken care of a big part of it, and yesterday you saw, it we won the lawsuit, thats going to be taken care of automatically. Got to get back to business. [applause] our focus is on helping the folks who work in the mail rooms and the machine shops of america. The plumbers, the carpenters, the cops, the teachers, the truck drivers, the pipe fitters. People that like me best. [laughter] actually the rich people dont like me which is interesting. Thats fine. You know what . I like that trade. But really the people that like me best are those people. Workers. Theyre the people i understand the best. Those are the people i grew up with. Those are the people i worked on construction sites with. [cheers and applause] all of the people who give their best each and every day to take care of their family and the country that they love. These are incredible people. They came out to vote for me. They came out to vote for us. People that worked hard, two jobs, three jobs, that hadnt voted in many years because they never had anybody they wanted to vote for, and they came out, i never forget in tennessee, a great congressman, told me they had early voting, said i tell you what, we went through four days of early voting. At that time it was mr. Trump. Now they say mr. President. But it was mr. Trump. He said, and if the other parts of the country are like whats happening in tennessee, people are coming from all over tennessee. They havent voted in years and now theyve got trump shirts and trump hats and trump pens and theyve got everything trump and trump pants and he said ive never seen anything like it and ive been a politician for a lot of years. And if its anything like tennessee, youre going to have one hell of a victory. Turned out to be a lot like tennessee, so [applause] and turned out to be a lot like missouri. That, i can tell you. [applause] we had a big one here, and i promised josh that when he gets it going and hes got it in very good shape from what i hear. Everybody said josh, josh, whos going to run against you . Josh, josh, i said josh, when youre ready, have you my word, im going to campaign with you. Were going to get you in. Okay . [ cheers ] going to get you in. Not enough for the middle class to keep getting by. We want them to start getting way ahead. Were going to have them start getting way ahead. Under our plan, middleclass families will not only see their tax bill go down, they will see their incomes go up by an average of around 4,000. [cheers and applause] thats because were going to cut taxes on american businesses so they will compete for workers. Theyll raise salaries, the business is going to be happy and the workers are going to be happy, and the country is going to be a happy place, although were going to have very strong borders, please remember that. Okay . [cheers and applause] please remember. Were going to have the wall. Dont worry about it. Were going to have the wall. We dont forget that wall. Lot of people say now that he got elected, is he going to build the wall . The answer is absolutely. More so. I think more so. Its not easy dealing with the democrats. They want to have people pour into our country, illegals. They dont care where the hell they come from. They want to have them pour into our country. They want to raise your taxes, they dont want to take care of your military, and all theyre good at frankly is obstructing. They want to obstruct, but you know what . They may obstruct but we have gotten through all of the obstruction so far. Well keep it going, believe me. [cheers and applause] today america has one of the least competitive tax rates on either. 60 , think of that, 60 higher than the average in the developed world. So our taxes are 60 higher. On my recent trip to asia, every single one of the countries i visited, even those with communist governments have slashed Corporate Tax rates and slashed them dramatically and its very tough competition anyway, but when their taxes are a lot lower, it really makes it very tough. And that trip was a tremendous success. We brought back 250 billion in contracts. Thats going to be over a trillion dollars very soon. Thats a good thats a good week and a halfs work. [applause] boeing came back with contracts. So many of our Companies Came Back and im very proud of them, and were doing great. But at the same time, were going to fix trade because trade is unfair, were getting killed on trade so were going to fix our trade, unless anybody would like to continue with this horrible situation that we have. No our plan gets america from the back of the pack and it will bring us right to number one where we were for years but where we havent been for decades. Were going to be right back at number one. [applause] and were going to work on trade but also work on military when we defend nations that are very wealthy and we do it for almost nothing. I say why are we defending them . We love them. I wont mention names, but there are a lot of them. We love them. Theyre wealthy. One of them has a cash flow that they say is unsustainable its so large. Think of that. How would you like to have unsustainable cash flow. They dont know what to do with their money, and we defend them. Its going to change, folks, were going to defend them. But theyre going to treat us fairly, and theyre going to pay for their defense. Does that make sense . [applause] and a lot of this is from many, many years ago when we defend a defeated country and they became strong and rich and we kept the same defense. What happened . Why didnt anybody go in and negotiate . When i was in ishia i spoke to a couple of the countries about it and they looked like this. You know what this is . [laughter] that means they know theyre getting away with murder and they got to start helping us out. Okay . So if you dont mind, ill start bringing up that with some of our good friends. [applause] were going to cut our tax rate to the very competitive number of 20 as i said and were going to create jobs and factories will be pouring into this country and they already are starting. Lot of people think its going to happen, i dont want to say anything, im not going to talk about it. I thought we had health care and we will have health care. Its going to happen. As soon as we get the taxes, well work on the health care, it will happen. We thought we had the votes and something happened, a little strange, its okay. When you lose by one vote, then you go back. Some people say you failed with health care, what do you mean we failed . We didnt fail. By the way, what happened, what happened is obama took a long time, years, to get obamacare, right . Again, ten months, weve had two runs at it. Were coming closer, closer, i think now we have a plan thats going to be great but were not talking about it until after taxes and then take care of health care, then we will have done tax cuts, biggest in history, health care, phenomenal health care. I know you dont want this, welfare reform. Does anybody want welfare reform . [cheers and applause] and infrastructure. But welfare reform, i see it. And i talk to people. I know people that work three jobs and they live next to somebody who doesnt work at all, and the person whos not working at all and has no intention of working at all is making more money and doing better than the person thats working his and her ass off. And its not going to happen. Not going to happen. [cheers and applause] so were going to go into welfare reform unless billy doesnt want it. Billy, am i okay in saying i speak for you . He said yes. We love you, billy got a lot of friends out there, bill. But well also cut taxes for the millions of Small Businesses that file as individuals and thats going it come out of the hopper. Its getting there, and its going to be better and better. Were reducing the tax burden on businesses of all sizes and of every single kind. As a candidate, i pledge to fight for american jobs. I think its possibly the number one reason i got elected. And i think weve done a lot better that the point than anybody even thought possible. Think of that. Two million jobs since the election. Two million more jobs in this country since the election. Nobody expected that. Excuse me. I didnt even expect that. [laughter] but you know you cut those regulations and give people spirit and incentive and when you have the highest ratings in terms of confidence that the countrys had in many, many years, maybe ever, things happen. The tax cut will mean more Companies Moving to america, staying in america, and hiring American Workers right here. So thats so important, right . [ applause ] Small Business groups across our nation. Retailers, restaurants, manufacturers, grocers, contractors support this plan. We have tremendous support for this plan. Tremendous. Because these massive tax cuts will be rocket fuel [laughter] little rocket man. Rocket fuel for the american economy. [cheers and applause] he is a sick puppy. Cassandra where is she . Where is cassandra . Hello, cassandra. I met you back there. She and her mother terry. Hi, terry. They own a Jewelry Store on main industrial in st. Charles. They make really beautiful handmade jewelry, i got to see some of it. I would have taken it in my previous life, now if i do, they dont like that. Were not allowed to take jewelry, right . But they make it right here in the heartland, its beautiful. Our tax plan will ensure that cassandra can keep growing her business, keep creating jobs, keep giving back to the community that she loves and just make her more and more successful. I assume you like that, right . Good. Randy schilling is also here where. Is randy . Hello, randy. Hes the founder of opl, thats an interesting name, its called opio startups and a member to dozens of Small Businesses in the st. Charles area. Hes a mentor, he mentors a lot of the businesses and hes respected. He also did a terrific job renovating the Old Post Office on main street, something i know something about. Old post offices. Did he do a good job, by the way . I hear. They said yes, randy. If he did a bad job, im going to stop right now and say good luck, randy. They said you did a good job. I know you did. Randy knows firsthand how the high tax burden is Holding American businesses back and our tax cut plan will unleash them to thrive like never before. He understands our plan, which will provide relief from the horrible crushing, unfair estate tax known to many as the death tax. [applause] we want to make it easier for loving families to pass on their lifes work to their children. Be nice. Be very nice. Thats a tough one. The democrats, the democrats fight that i think harder than any other thing that were doing. They fight the death tax. They dont want it. They dont like it, dont want it, its one of those things. That is one of the hardest things. I see people right here, theyre obviously very rich and love their children, right . In this group. They love their children, they are very rich, want to pass on what they have without having the kids sell the property, mortgage up half of it, and but the biggest problem we have on that one, the democrats are being brutal, and i call them obstructionists but they want to stop the estate tax, stop the death tax from being rescinded. But were going to try our above the that one. Our economy will receive another enormous boost as trillions of dollars in wealth thats parked overseas will be able to come back to our country. This is one thats interesting because for years, republicans and democrats agree, you have apple and have you these great companies, having billions and billions of dollars overseas. Who doesnt want the money to come back . But to show you the lack of leadership that this country had in the past, the republicans want it, and the democrats want it, and nothing ever happened. You could have passed that one easy. In fact were just throwing it into the bill. I could have had a separate bill on that one, i think. Dont you agree, fellas. I could have had a separate boil that one and got it passed in record time. It is actually popular, but used to be 2. 5 trillion. You know what that is . Trillion. Money you cant bring back in. Its prohibitive. Both in complexity and the amount of facts, so nobody brings back. In 2. 5 trillion. 2. 5 trillion ive been saying for six years, i think its 4 to 5 trillion. All that money is coming back into the United States and invested in our country instead of sitting and helping others. We want our own help. [applause] sort of an easy one. Last Year AmericanMultinational Companies left more than 7 of their foreign profits overseas because the current tax system penalizes them for bringing that money back home. They actually get penalized. Our plan switches to territorial tax system that encourages companies to return their profits to america right here to the United States where that money belongs going back to work for you. Territorial. [applause] if we want america to thrive in the 21st century, then we must stop running from the competition and instead we must start totally winning and winning and winning again. Remember when i used to say were going to win so much. Were going to win that the people of missouri are going to go to your governor and say, governor, please go see the president , we cant stand winning so much. Remember, i used to say that . Right . [applause] i used to say it, and thats whats happening. Thats whats happening. [applause] and then the governors going to come to that beautiful historic oval office and say to me, mr. President , the people of missouri cannot stand all this winning. They dont want to win so much. They love the old way. [laughter] where they had lousy job numbers, lousy economic numbers. They loved it. No please, mr. President. Please and ill say governor, i dont care what they say in missouri were going to keep winning and winning and winning