President of the united states. President trump thank you very much. Thank you, everyone. We are joined today by college students, young entrepreneurs, families, mothers, and fathers from all over our nation. You make this country run. It is an honor to be with you and to have you at the white house. Thank you for being here. Really fantastic. Thank you. [applause] great people. As a candidate, i promised we would pass a tax cut. Now, we are just days away from keeping that promise and delivering a truly amazing victory for American Families. We want to give you, the American People, a giant tax cut for christmas. And when i say giant, i mean giant. [applause] as we speak, congress has reached an agreement on tax legislation that will deliver more jobs, higher wages, and massive tax relief for American Families and american companies. The typical family of four, earning 75,000, will see a tax cut of more than 2000. Slashing their tax bill in half. It is going to be a lot of money. You will have an extra 2000, but there are more things than that. Our plan expands the Child Tax Credit for working families. You will hear the numbers very soon, but they are even larger than anticipated. It doubles the amount of income taxed at the rate of zero. I dont know if any of you are paying zero. I hope you are paying above that. A lot of people who are having it a little tough are going to be paying zero. It closes special interest loopholes. It lowers tax rates for families. Our plan cuts taxes on businesses, which is expected to raise income by more than 4000. So your income goes up. It is like having a 4000 increase, which isnt bad. It is a lot of money to spend. A lot of jobs created with the money you spend. Very special. It makes america competitive again so we we can bring back that simple but beautiful phrase made in the usa. I dont know if they have heard it, but you have heard it. [applause] our current tax code is burdensome, complex, and unfair. It has exported jobs, closed factories, and left millions of families worried their children might be the firstgeneration to have less opportunity than he last. Our factories have left. So many of them, gone. They are starting to come back. Our country is starting to do really well again. As a country, we are being respected again. We are being respected again. I am here to tell you we will never let bad things happen with respect to the economy of our country. We are not going to lose the businesses again, like has happened over the last couple decades. America is coming back weaker coming back bigger and better and stronger than ever before. They will see it. They will see the results. America is not content just by getting by. America is about getting ahead, about finding the best in ourselves and in each other. We are reclaiming our destiny as americans. A nation that thinks big, dreams bigger, and always reaches for the stars. We did not become great through massive taxation and washington regulation. By the way, we are cutting regulation at a rate never seen before in the history of our country. We became great because our people, our families, and because of our freedom. We became great because of our drive to find the next horizon, to unlock the next mystery, to begin the next adventure. You know what im talking about. That is who we are. A nation of strivers and builders and dreamers and doers. People who treasure their independence and dont know how to put, never quit, never, ever give up. Never, ever. I say that to our great cabinet. They have done a great job. A lot of things have happened. Nobody has done the job we have done. When government loosens its grip, there is no summit we cannot reach. Our tax cuts will break down, and they will break it down fast, all forms of government and all forms of government barriers. They will unleash the american worker. They will tear down restraints on discovery, innovation, and creation. They will restore the hopes and dreams of the american family. Millions of middleclass families will win under our plan. Today, we are honored to hear from a few of those wonderful and truly great families. Bryant and ashley, right . They are from lancaster county, pennsylvania. I know it well. They have two beautiful children with a third on the way. Bryant manages a Farm Equipment store. Ashley works in health care. This year, they were in the 15 tax bracket. Under our plan, they will drop to the 12 tax bracket. Big drop. Deductions,temizing they will be able to file their taxes on a single, little, beautiful sheet of paper. That is good. That is good. [applause] instead of paying 2600 in income tax, they will get it down to 2000. They will save 600 and more than that. Bryant, ashley, how about saying a few words . You want to . Come on. Thank you, mr. President. It is an honor to be here. On behalf of the good people of lancaster county, my family, and specifically my grandmother, well done. Many of your predecessors promised this reform was coming, but you did it. We are greatly excited about this. With the tax savings we are going to see, we are going to put that money into Home Renovations. I am excited you were the one that got it over the finish line. Thank you, mr. President. [applause] President Trump another family joins us from ohio. That is a great state. A lot of success in ohio. Adam is a veteran who works in telecommunications. Lindsay works in administration admissions at a university. They have two beautiful children. This year they are currently in , the 25 bracket and pay nearly 4,000 in taxes. Our plan gives them their time back. They wont have to itemize, and it gives them nearly one third of their money back. Nearly 3500 for one year. I would like to invite them to explain what our tax cuts will mean for them. They have studied it very closely. We have very smart, sharp people. They know exactly what were doing here and they like it. Come on up. Thank you. [applause] thank you, mr. President. It is an honor you invited the family to the white house. This is going to be great for our family. We have Home Renovations we want to take care of, and hopefully save for our two children to go to college. Thank you so much, mr. President. [applause] President Trump another family is from polk county, iowa. Anthony is a police officer. Auburn is a 911 emergency dispatcher. When they are not at work protecting and serving their fellow citizens, their hands are full with four wonderful children. This year, they were in the 25 bracket. Their itemized connections and they did everything they can. They paid more than 19,000 in taxes. Thank you very much, by the way. That is a lot of money. Under our plan, they will save 2700. Anthony, auburn, maybe you would like to say a few words. Come on in. [applause] just want to thank President Trump. Education is very important to our family. Under this bill, our family will be able to save a lot of money. We have a lot of people going to school. My wife and i are both in graduate school, finishing up. We still have four other kids to get through college. That will help out a lot. [applause] President Trump leon and maria are pastors in a Beautiful Church in richmond, virginia. They have three wonderful children. Under our plan, they will get a larger tax refund to help them pay their bills. They will receive a refund of 3000. I would love you to discuss your middleclass tax cut a little bit with the millions of people watching right now on television. [laughter] you do very well, and we are very proud of you, and it is indeed a Beautiful Church. I got to see a nice picture. We will have to get there someday soon. Thank you. Come on in. [applause] [laughter] to god be the glory. Thank you, President Trump, for inviting us here. On half of the benjamin family and richmond, virginia, we represent families across the nation. Africanamerican communities and urban communities need this now. It is time for a change. It is time that we recognize our president is making good on his promises. [applause] thank you, mr. President. God by few, and we will continue to keep praying for you and your team as you move forward and forge ahead. God bless you. [applause] President Trump he can be my minister anytime. [laughter] the Howard Family lives in washington. Isaac owns an espresso Machine Service company. Emily takes care of their four beautiful children. They are currently in the 15 bracket and pay 2500. Our plan will wipe out their tax bill. Refund of even get a substantially more than 700. I would like to introduce them. Come on up. [applause] i am going to speak for us today. We are blessed to be here. Thank you, mr. President. Our joy to stand before you. What this means to us is we will be able to pour out into our community, giving away to families in need or setting them up for success in any way, whatever god has planned for our family. That is our goal, and we are blessed to have such an amazing president and what a good steward he is of our country. Thank you, mr. President. [applause] President Trump thank you, all. It is critically important for congress to pass these historic tax cuts. That is going to take place, i think even before the media. I use the word media, do you notice . As opposed to fake news media. I dont say that. [laughter] today is a very important day. We want everybody to be covered accurately. I am excited to announce, if Congress Sends me a bill before christmas, the irs, this is just out, breaking news. The irs has confirmed americans will see lower taxes and they are and bigger paychecks beginning in february. Just two short months from now. [applause] just got that. We just got that. 55 years ago this week, president john f. Kennedy, a democrat, launched a historic effort to pass tax cuts. A halfcentury later, we are reminded cutting taxes is neither a republican or democratic idea but an american principle and an american idea. The goal of my administration is for every american to know the big day of work, the pride of a paycheck, and the satisfaction of a job well done. We want people to love waking up in the morning and going to work, just with that incredible enthusiasm we have in this country. That is what we are going to be doing and what is going to be happening. Today, we stand on the verge of a new economic miracle. Our economy has surged to 3 growth, far ahead of schedule. Far, far ahead. In each of the last two quarters, and if we didnt have the hurricanes, we could have hit for last quarter. Hit four last quarter. A number that was unthinkable two years ago when i started the campaign, and even my first number in office year in office. It is going to go higher than that. We have created 2. 2 million jobs since the election. Unemployment is at a 17 year low. The Unemployment Rate in the Manufacturing Business is the lowest in recorded history. Consumer confidence is a 17 point high. Pensions and retirement accounts are soaring as the stock market hits 85 new record highs since the election. How are we doing, are we doing ok . Not bad, right . [applause] if Congress Sends me a tax reform, this is only a small beginning to the incredible things that our people will achieve or for a very short time. The tremendous height we will reach economically and so many other ways in our country, every day, as this victory draws closer. We are so close right now. So close. In fact, almost i dont want to talk about it. Maybe we shouldnt talk about it. [laughter] the cynical voices that opposed tax cuts grow smaller and weaker, and the American People grow stronger. I heard one of our opponents stand up the other day and say, this is for the rich. They had no idea. They didnt even see the final bill. I didnt see the final bill. This is for the people of middle income, this is for companies that are going to create jobs. This is for very, very special people, the great people of america. Everyday, hardworking americans know that the future of this nation will never belong to those who say you cant it will always belong to the American People who will say we will. It belongs to people like the glicks, the kovacs, the giampolos, the benjamins, the howards, and the millions of americans just like them across our nation, who pour out their hearts and souls every single day to take care of their families and the country they love and that we love. We are going to have a country that celebrates you again hardworking, great people. Youre being celebrated again. Remember that. Because you were a little bit forgotten. We had called it the forgotten people. Somebody else called me and everybody else the deplorables. Have you ever heard that term . Right . Were proud to be the deplorables, and were doing well. We are going to make our tax system work for you again. Were going to make our economy work for you again. And we are going to make the American Dream and thats the real dream that will be the dream that you want for your children and your grandchildren once again. But we need your help to get congress across that finish line. Well have very little democrat support, probably none, and thats purely for political reasons. They like it a lot, and they cant say it. They dont like whats happening. But they cant say it. Some day we have to come together and do bipartisan, and hopefully it can happen soon. [applause] right . If you make your voices heard, this moment will be forever remembered as a great new beginning, the dawn of a brilliant american future shining with patriotism, prosperity, and pride. With your help, we will bring back our jobs; we will bring back our wealth as a country; and, for every citizen across this beautiful land, we will bring back our great American Dreams. Thank you and god bless you all. Thank you very much. Thank you. [applause] [captions Copyright National cable satellite corp. 2017] [captioning performed by the national captioning institute, which is responsible for its caption content and accuracy. Visit ncicap. Org] [applause] cspans washington journal live every day with the news and policy issues that impact you. Morning, warned davidson discusses the Alabama Senate race and upcoming fiscal battles. About taxlar talks reform and government spending. Be sure to watch washington journal, live at 7 00 eastern this morning. Join the discussion. Watch cspan3 today at 10 30 a. M. Eastern for live coverage of the sec vote on Net Neutrality. The vote is to roll back Net Neutrality rules passed during the Obama Administration and is intended to reduce regulation of the internet. Cspan sat down with senior white house adviser for strategic communications. She talks about her fathers imprisonment in cuba, growing up in miami, and the president ial vote recount. Watch friday at 8 00 p. M. Eastern on cspan. Sunday night on afterwards, Washington Examiner editor keith on his book. By louieerviewed gohmert. We spent a lot of time with him. You have heard his goals. You have talked about what he wants to do. What odds do you give him for being able to reach those goals . Do you want to you agree to be honest or hopeful do you want me to be honest or hopeful . I agree with a lot of what he said. Decent ,re is a he thinks the electorate has already changed. Even in the general election, trump was victorious. Despite obvious flaws in trump, not a perfect person, trump would admit that himself, and despite controversy, they elected him. What then and believes is that, ineady, what been believes what bannon believes is the longing for populism is already there, but it hasnt changed in washington, in the leadership, particularly the senate. That is what is driving him. Watch afterwards sunday night at 9 00 p. M. Eastern on cspan two book tv. The Federal Reserve is raising its benchmark lending rates by a quarter of a percentage and acknowledged the point economy gained momentum by raising their Economic Growth forecast and lowering the unexpected employment rate for the coming years. Janet yellen made the announcement during a News Conference and noted that this is her last News Conference as chair