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Ladies and gentlemen, the president of the united states. Pres. Trump thank you very much. Thank you, everyone. Please. Pres. Trump were joined today by college students, young entrepreneurs, families, workers, mothers, and fathers from all over our nation. You make this country run. Its an honor to be with you, and its an honor to have you at the white house. And thank you all for being here really fantastic. Thank you. Great people. [applause] pres. Trump as a candidate, i promised we would pass a massive tax cut for the everyday, working American Families who are the backbone and the heartbeat of our country. Now, were just days away i hope, i hope you know what that means, right from keeping that promise and delivering a truly amazing victory for American Families. We want to give you, the American People, a g ....
Companies. The typical family of four earning 75,000 will see an Income Tax Cut of more than 2,000 slashing their tax bill in half. Its going to be a lot of money. Going to have an extra 2,000. Theres more than that. Our plan expands the Child Tax Credit for working families. Youll hear the numbers very soon. Theyre even larger than anticipated. Even nearly doubles the amount of income taxed at the rate of zero. I dont know if any of you are paying zero. I hope youre not. I hope youre paying above that, but a lot of people who are having its a little tougher will be paying zero. It closes special interest loop holes. It lowers tax rates for families. And our plan also cuts taxes on businesses, which is expected to raise income by an average of
more than 4,000. So your income goes up. Its like having a 4,000 increase, which isnt bad, which isnt bad. Its a lot of money to spe ....
And pick the one they want. Lets get right to nbc news chief white house corners hallie jackson. Hallie, break it down for you. What do we expect to hear from the president . Reporter actually, listen, probably 90 seconds now, chris, we just got warning from the white house the president is go to begin speaking any moment from here inside the white house. Based on advance excerpts of the speech that just popped into our emails, the president will frame this, of course, as the beginning of victory lap, frankly, looking ahead what hes calling a big victory. Often heard the president and Many Republican s hearken to th reagan tax cuts. And talking about somebody else. John f. Kennedy and tax cuts back 55plus years ago roughly nap is sort of the framing of what youll expect to see. Looking on my screen here, chris, because there are families, or should be families that will be lining up, tough for me 0 to see. They are there. Thanks, ....
1 point that will help pay for the bills. The top rate, if you remember the house left it, senate 35 , that will drop to 37 . Im told this was a specific ask by the president who wanted that top rate to come down dpes piet democrat attacks this plan bass skewed too much for the wealthy already. Talk about the mortgage index deduction, house capped that 500,000 discrimination, theyll meet in the middle about 750,000 for the mortgage index deduction. Also those paying attention to health care, in the senate debate, important issue. Obamacare mandate repeal will stand. That will end up in the final bill. If the bill is signed into law, that will go away based on the negotiations that they have. Brooke, as weve been talking about, still trying to finalize a lot of the details. Those are the top lines and they need to sell it to members of their congress. Thats happening as we speak. The big question is how fast can they move. They have been moving quick clip over the last couple of weeks. ....
Have done. when government loosens its grip, there is no summit we cannot reach. our tax cuts will break down, and they ll break it down fast, all forms of government and all forms of government barriers and breathe new life into the american economy. they will unleash the american worker. they will tear down the restraints on discovery, innovation and creation and they will restore the hopes and dreams of the american family. millions of middle class families will win under our plan. and today, we re honored to hear from a few of those wonderful and truly great families. bryant and ashley glick, right? they re from lancaster county, pennsylvania. i know it well. they have two beautiful third with a third on the way. bryant manages a farm equipment store. ....