the flag and the men and women who fought to defend it. and our position hasn t changed on that front. we re glad to see that it s all taking positive steps in that direction. i have two but i promise they re really just two. the first i wanted to ask about something the president said earlier about tax reform. he suggested that the adjustment to strengthen the tax frame work. we know that lawmakers need to fill it out. by saying adjustment, i m wondering if there are going to be changes to that frame work. if so might it be things like modifying state and local deductions or changes for business that we ve heard out there. we don t have any adjustments to make to the frame work at this time. i think our kind of key principles that we ve laid out remain the same. no changes to announce today. thank you. two of the presidents allies suggested that senator corker
it. justice question. president said today that there would be adjustments made to the tax bill that is being worked on. you just said though adjustments might not be made as the frame work stands. it s not a final piece of legislation but our frame work, he asked me previously if our priorities would change. our priorities remain the same but the final piece of legislation hasn t been finalized. this is a time of negotiation. principles we ve laid out are not up for negotiation. the negotiation point versus big ticket items that may or may not be red lines. i m sorry. talking about basic negotiation and not necessarily top end top level numbers that have already been laid out? at this time the president laid out his principles and those have not changed. that frame work is still the same. in that forbes interview the president said he is not trying to fill vacancies.
puerto rico is this. the president is behind you. we all are, the entire country. your unbreakable spirit is an inspiration to us all. we are praying for you. we are working for you. we will not let you down. as you all know the president traveled to indianapolis, indiana, yesterday, to roll out a frame work for delivering tax relief for hard working american. our frame work is based on four key ideas. first, we will cut taxes for the everyday hardworking americans. second, we will make the tax code simple, fair, easy to understand. third, we will cut taxes on american businesses to restore our competitive edge and create more jobs and higher wages for american workers. finally our frame work encourages american companies to bring back the trillions and trillions of dollars in wealth that s parked overseas. robin helman owns a small printing business in indianapolis. robin and her husband roger bought the business in 1991 and have since tripled in size. they both work full time in the
we are also repealing the alternative minimum tax or amt. about time. the amt is actually a shadow tax system and pay the higher of the two amounts. you are familiar with it. under our framework, the amt will make lessen sense. we are making our taxes simple again. we are simplifying our tax system. to protect millions of small businesses and the american farmer, we are finally ending the crushing, the horrible, the unfair estate tax. or as it is often referred to,
thrived, and the family income of all families was increasing more and more and it was a beautiful sight to behold. since then other nations have adopted our playbook and ran it even better than we did. and i shouldn t say even better than we did, because we didn t run it well at all and we let other countries take our jobs away and taking it out, and we are stopping it, and you ve seen it right now what we ve done. and today our total tax base is 60 prsz higher than our average foreign competitor in the developed world. that s not good. we have sur ended our competitive edge to other countries, but we are not surrendering anymore. under our framework we will cut the tax rate so american companies and workers can beat