PRESIDENT TRUMP SIGNS INTO LAW the TAX REFORM – TAX CUTS – 12/22/2017 – The White House – Oval Office -Merry Christmas America!
TODAY IS A HISTORIC DAY IN AMERICA, President Donald J. Trump and the Republicans finally got it done. There are a lot of voices on the left talking negatively about the Tax Reform without knowing just how much has gone into getting this done. How much more money American families will see in their pay beginning February 2018 and all the other benefits as explained below. FOLLOWING are President Trump’s comments before signing:
- $3.2 TRILLION DOLLARS IN TAX CUTS FOR AMERICAN FAMILIES, THE DOUBLING OF THE STANDARD DEDUCTION AND THE DOUBLING OF THE CHILD TAX CREDIT.
- FAMILY EARNING $75,000 will see an income tax cut of more Than $2,000, slashing their tax bill in half.
- AT&T and Boeing, St. Claire and Well Fargo, Comcast (Owns NBC), they all have made tremendous contributions to their employees and spending money in the United States, meaning jobs! Many other companies also 3 more companies JUST came on board to give their employees bonuses and will make infrastructure investments in America.
- Bob Kraft, who owns the New England Patriots, he is also in the paper business. He said that based on this tax bill he will buy a big plant in North Carolina and he is going to build a tremendous paper products plant. POTUS has received many phone calls.
- The Corporate tax rate will be lowered from 35% to 21%. That means that more products will be made in the USA and many companies have started back.
- Family Farmers and small business owners who lost their business because of the Estate Tax, most of them won’t have anything to pay. You can leave your business and farms to your families. They will keep their farms and businesses in the family.
- Business will be able to deduct 100% of their capital investment the year that investment is made, that is called EXPENSING! It will be one of the biggest things in this bill.
- Historic small business tax cuts are made easier for business owners: people are hiring
- Will bring back around $4 trillion from overseas. It is going to be brought back right under the code. Republicans and Democrats wanted this done for years. It is done!
- Bottom line: biggest tax cut and reform. Biggest than President Regan’s’.
- ANWAR (ARCTIC NATIONAL WILDLIFE REFUGE) is open for drilling, been trying to get that for 40 years.
- The individual mandate on Obama care is removed. It leads to the end of Obamacare and WE’LL COME UP WITH SOMETHING BETTER! American’s can’t pay for something to NOT HAVE HEALTHCARE!
- LEGISLATIVE APPROVALS: POTUS said 88 LEGISLATIVE APPROVALS, which is number one in the history of our country! President Harry Truman is second. POTUS should get credit for this.
- PRESIDENT TRUMP: TAX BILL IS HAVING GREATER IMPACT THAN WHAT I THOUGHT!
- PRESIDENT TRUMP SAID: MITCH McCONNELL, PAUL RYAN WORKED REALLY HARD. ORIN HATCH, HARD WORKING, GREAT SPEECH. KEVIN BRADY DIDN’T SLEEP FOR MONTHS. MIKE ENSIGN, DIANE BLACK, ROB PORTMAN, PAT TOOMEY, TIM SCOTT, JOHN THUNE. The Senators were incredible! THE WHOLE REPUBLICAN SENATE WORKED SO HARD! DEMOCRATS WANT TO RAISE YOUR taxes AND spend money foolishly.
- We are taking care of people.
- POTUS said he will be working in Florida during Christmas.
- In the Middle East, We have taken back virtually all of the land, the caliphate. We are making tremendous progress.
- PRESIDENT TRUMP: WE HAVE MORE LEGISLATIVE VICTORIES THAN ANY OTHER PRESIDENCY.
- THIS BILL IS SELLING ITSELF. YOU WILL SEE FEBRUARY 1, when they open their paychecks.
- Corporations will be giving billions and billions to their employees.
- President Trump Signed the Continuing Resolution to keep the government working. He mentioned missile defense – the military has been suffering – $4 billion in missile defense and $700 Million for other military equipment.
- Infrastructure can be done in a bipartisan way, giving Democrats a seat at the table!
- PRESIDENT TRUMP IS WISHING EVERYONE A “MERRY CHRISTMAS”!
I am proud of this President and will continue to support his work for all Americans. We should not be divided. We are One Nation Under God! Merry Christmas America!