And appointing so many other great judges throughout the country, it was so important. We finally have a government that is going to defend you and stand up for you and your country. America is being respected again. Something happen today, a country totally disrespected us called with important news, one of my generals came in and said i have to tell you a year ago they never would have done that. It was a great sign of respect you will be hearing about the next few days, this is a country that did not respect us, this is a country that respects us now. The world is starting to respect us again. [cheers and applause] under our new framework, you will dramatically cut the business tax rate so that American Companies and workers can win against those foreign competitors who are winning in many cases because they have an unfair advantage. We look at the Corporate Tax rate from 35 and more, all the way down to know more than 20 below the average of our major competitors from other countries. [applause] the biggest winners from this transformation will be every day families from all backgrounds, all walks of life and Great Companies which will produce the jobs. They are going to produce jobs like you have never seen before. When companies leave our shores, the American Workers get hurt and when Companies Stay in america and moved to america our wonderful workers reap the rewards including our great truckers who will have more products to deliver and more contracts to fill. That is the way it happens. [applause] Many American truckers who filed taxes as sole proprietors, corporations or partnerships, we will tap your top tax rate at a maximum of 25 , substantially lower than you are paying now. More than 30 million americans who have Small Businesses will see listen to this a 40 cut in their marginal tax rate. [cheers and applause] i wouldnt want to be a politician against that. They will have a long hard winter. This will be the lowest top marginal income tax rate for small and midsized businesses in more than 80 years, not since 1931 have they had taxes anywhere near that level. [applause] this huge tax cut. Two words, huge and now rocket. Rocket. You know what we are talking about, dont worry about it. It will rocket fuel and it will be rocket fuel for our economy. With us today is kevin birch of jet express who has been in the trucking business more than 40 years. Where is he, kevin . 40 years. You dont look that old. Good job. Kevin says if Congress Passes our tax relief and reform plan, will be able to invest in new equipment and additional training for his dockworkers, drivers and technicians. He wants to create more american jobs and we are working to help him do exactly that. Plus working on a tax write off that will be almost immediate with your investment. That is something you have never seen before. And that is part of our plan because companies in order to compete over the next five year period, allows our framework and with our framework, that you write off 100 of the cost of new equipment in the year you buy it. Where have you heard that one . That is going to be a big one. That is going to be big. I have had calls from great Business People who said mister president , did you really say that . I said yes i did. They do call me mister president. It is interesting. I had friends for years, hey, don, how is it doing, now they see me and are all uptight, mister president , how is everything . It is weird. Please listen a. We have been friends 30 years and they get a little uptight but they are impressed with the 1year immediate right off. That is what they are impressed by. We want our companies to invest and expand because that means more jobs, more profits rolling off of the Assembly Line and more truckers delivering those products to Stores Across the country. Finally, encouraging American Companies to bring back the trillions of dollars in wealth overseas. Trillions of dollars. Our current tax code actually Punishes Companies for keeping their headquarters in america. You see that . They are being punished. It discourages them from bringing back the profits they earn overseas. In 2016, American Multinational Companies kept 71 of their foreign earned profits overseas and away from our country. Our framework will totally reverse this and it is a very troubling trend. We will be bringing back probably close to 100 of the money back into our country where it can be put to work and jobs will be created. We will totally eliminate the penalty on returning future earnings to the United States and we will impose a one time low tax on money, currently parked overseas so it can be brought home to america where it belongs and it can do its job. My council of economic advisers said this change along with a lower tax credit would likely give the typical American Household of 4000 pay raise. Could be a lot more than that too. About a 4000 amount of money additional for the american families, that is very exciting. You are going to spend that money. It will be put to work and jobs, start making our product again. Wouldnt that be nice . Going to happen. Not as part of our tax plan but i am renegotiating trade deals that are so horrendous and 1sided and so embarrassing for our country, you are probably reading the papers, renegotiating nafta where renegotiating various other deals with Foreign Countries that are so embarrassing and so horrendous that we would say why on earth would anybody have signed a deal like that . I will also be announcing as you know my statement, what we will be doing with respect to the iran deal, speaking of badly negotiated deals, doing that shortly. To summarize, our plan goes from eight tax brackets down to four. It stands the 0 tax bracket greatly, expands the child tax credit, repeals the estate tax and special interest tax breaks, cuts the Corporate Tax rate from much more and evil to 35 tax, bringing it all the way down to 20 and cuts tax rates for Small Businesses to the lowest level in more than 80 years. [cheers and applause] [chanting] usa usa Congress Wants to know they will. I know. You have a great ones here in pennsylvania. For too long our tax code has incentivized companies to leave our country in search of lower tax rates. My administration rejects the offshore model and we have embraced a brandnew model called the american model. We Want Companies to hire and grow in america, to raise wages for the American Workers and help rebuild American Cities and towns. All over the world, it is time we get involved with rebuilding our country. [applause] no one knows america better than america abstractors. Every day from coast to coast and border to border where we will have a wall by the way, in case you had any doubt. Does anybody have a doubt . These guys dont have a doubt. In our largest cities and across the rolling plains, you see the incredible beauty of our natural wonders, things you people see. I think you should take a wind reduction if you have such a beautiful thing. We see the enduring strength of the american spirit in those same truckers. What you see is incredible, things nobody else sees and i want to tell you, thats truckers in this room which is a lot of people, make more money, do better than ever before and we truly admire you. You are our heroes. [applause] over the decades you have also seen the disastrous consequences of economic surrender, politicians surrendered, they gave up our country. You have driven past the shattered factories, watched Thriving Communities become ghost towns and with this americas wealth its shipped the way to foreign lands. Now is our time to reclaim americas destiny. We can breathe new life into struggling industries and forgotten towns. We can end the special deals for special interests and we will honor the hardworking patriotic americans who make this country run. [cheers and applause] and you can help us stock store shelves across the country and around the world with more products with those beautiful words we are going to stay in this way, made in the usa. We will lift our fellow citizens from welfare to work, from dependence to independence and from poverty to prosperity. [cheers and applause] American Goods will sail across the oceans. American trucks will glide along our highways, so beautiful with those highways be, smooth, beautiful, no potholes. I know, no potholes. I have many friends in the trucking business. They tell me it has never been like this. They will buy beautiful new we clemens, by the time it goes from los angeles to new york and back the renovation job in their hands. They have never seen anything like this before. They will be beautiful again, smooth, beautiful highways again. The american flag, we love our american flag. [cheers and applause] i think people forgot how patriotic we are. I think people forgot how much we love our country. They learned over the last week, havent they . [applause] american flags will soar high above the roads. Our cities and our towns will proudly display that flag. Our children will be raised in homes filled with love. Communities filled with airplanes going back and forth, that is okay. Communities filled with hope and a nation filled with pride. We will build this future together as one people and one nation under god. [cheers and applause] with your help and your voice, we will bring back our jobs, we will bring back our wealth and for every citizen across this land we will bring back our Great American dreams. This is a great and proud state. I am so honored to be here tonight, thank you, god bless you and god bless the United States of america, thank you so much, thank you. I can remember 4 july rolling through the backwoods they i can hear my old hound dog barking born on the bayou House Speaker paul ryan will talk about gop efforts to make changes to tax code. Live coverage from the Heritage Foundation begins at 8 45 eastern time on cspan2. At 10 00 Eastern Energy secretary rick perry testifies about Us Energy Policy at a house, energy and commerce subcommittee hearing. Watch it live on cspan2 and cspan. Org or listen with the free cspan radio apps. Sunday night on afterwards, historian Craig Shirley on the life and political career of Newt Gingrich with his book citizen new to, the making of a reagan conservative. He is interviewed by former virginia congressman tom davis. This is an era before cabletelevision. Cabletelevision was prominent, cable news wasnt. It was before cnn or msnbc, just pockets of cable here and there, mostly reruns oi