from tweeting about things that could be related to tax reform, because we actually want tax reform to happen. people are paying attention when you say 401(k). everybody is paying attention because you are trying to save for your future. and i think you know this better than anybody. this whole tax reform issue is about three primary concerns right now. number one, look, everone is talking about what does it mean for midterm elections. let s be clear. nancy pelosi if she wants to be majority leader they need 24 seats. right. so they are going to do everything in their power to get this to what they think is a bipartisan solution and drag their feet. but when it comes to the middle class american, they are looking for answers. looking for what is in this for me which is why we see ivanka trump pushing the child tax credit. and in the eyes of corporate america, they need to sweet enthe deal. all of corporate america is hearing about the cut incorporate tax rates from 35 down to 20%.
cautious and frankly a little fearful. we re still in the system still. not to sound like bernie sanders, but it s the truth. the richer are getting richer. the poor are getting poorer. the middle class is getting squeezed. try to send your kid to college if you re a middle class american. the costs of colleges are exploding. the costs of picture is exploding. you can go down the line and people are seeing slowly but surely the american dream slipping away. what their parents were able to do, what they were able to enjoy, the life they were able to live, that s out of the reach for a lot of younger americans. and that s why donald trump is talking about a middle class tax cut. he goes out and intentionally says this is not going to be a tax cut for the rich. this is for the middle class, the people who put me in the white house. i remember the conversations in philadelphia two summers ago, governor, at the democratic convention. we sat in the bar. it wasn t just you. vice president
for donald trump because he s a wild card and the guy with the hot hand right now. that literally, i think, encompassed what trump voters wanted. what they they knew they were getting. they knew they weren t getting a classic republican who would go and only talk to mitch mcconnell and paul ryan. understand they re dealing with somebody making quick decisions, trying to figure what s best for him and convinced what s best for donald trump is also what s best for the country, that donald trump will continue to weigh what s best for america. so if that s the case, and his voters are going to stick with him because they fundamentally believe while he s making hot hand decisions, in the back of his mind thinking about the middle class american. doesn t that encapsulate exactly how republicans and folks like yourself misread the republican electorate when it came to trump and democrats misread independents denmi misread independents. shake up the middle of the election than either party
this is what they said. it is clear that the president is interested in lessening the tax burdens on middle class american and lessening the tax americans on companies that employ workers in the united states that are innovator and job creators and ultimately creating more jobs in the united states. we in the manufacturing sector and in the last meeting are encouraged by the policies of president trump and his cabinet. some of us have said this is probably the most pro business administration since the founding fathers. big endorsement from the ceo of dow. we expect that the press secretary will get a information on the guidance of schools on allowing transgender using the bathroom on what they identify with. the consequences of this
2015. small steps, but probably starting in 2015. what does this mean for investors? well, lock in your rates. and bonds, sometimes they can under perform when interest rates are going up. you want to be careful about the maturity of the bonds funds. and what about for the average middle class american that does have a 401i k that they try not to mess with? when interest rates start to go up, the stock market does