WHITE HOUSE UPDATES
President Trump begins his trip abroad this afternoon, where he will make five stops. The President will be departing the White House at 1:50 PM. The President will seek to reaffirm America’s global leadership, continue building key relationships with world leaders, and deliver a message of unity to America’s friends and allies. He will be making stops in Saudi Arabia, Israel, Italy, and Belgium, and will be attending both the NATO and G7 summits. First Lady Melania Trump will join the President for the eight-day trip overseas. Stay up to date with the President’s trip at WH.gov/POTUSAbroad and on Twitter #POTUSAbroad.
My fellow Americans,
This weekend I begin my first trip overseas as president – a trip with historic significance for the American people.
I will be visiting with the leaders in many different countries to strengthen our old friendships, build new partnerships, and unite the civilized world in a fight against terrorism.
In that spirit of unity, I will travel to lands associated with three of the world’s great religions.
My first stop will be Saudi Arabia – the heart of the Muslim World. There, I will address a historic gathering of the leaders of more than 50 Muslim nations. I will represent the views of the American people frankly and clearly.
Many of these leaders have expressed growing concern about terrorism, the spread of radicalization, and Iran’s role in funding both. Now it appears Muslim leaders are ready to take more responsibility and a much bigger role in fighting terrorism in their region. It’s about time we do it, we’ll do it together, but it has to be done.
America cannot solve all of the world’s problems, but we can – and we must – help any nation willing to join in the common cause of eradicating terrorism from the face of the earth.
Next, I’ll travel to the ancient city of Jerusalem to talk with my good friend, Prime Minister Netanyahu, about bringing peace and prosperity to both our nations. Israel is an important American ally, but in recent years we haven’t always treated them that way. It’s time to renew our friendship.
While I’m there, I’ll also meet with President Abbas of the Palestinian Authority in Bethlehem to discuss ways to advance peace between Israel and the Palestinians.
From there, I’ll head to the Vatican, where I will have the great honor of an audience with Pope Francis. I look forward to speaking with the Pope about how Christian teachings can help put the world on a path to justice, freedom, and peace.
I will also meet with friends and allies in Europe at a gathering of NATO in Brussels and at the G-7 Summit in Italy. Finally, I will close my trip by saying thank you to some of the courageous men and women of the United State Military serving their nation overseas.
In my Inaugural Address, I pledged to strengthen America’s oldest friendships, to seek new partners in pursuit of peace, and above all – to always put American people first.
I also pledged that our partners must show that they’re partners, they must show that they’re friends, and they must contribute financially to the tremendous cost – the money that we’re spending – is so big; it’s so much; and it’s not fair for our nation. They have to help and I’m sure they will. The fact is that I’m excited about new possibilities for peace and prosperity – and I hope you are too.
Thank you, God bless you, and God bless America.
We pray for our President and First Lady for a safe, successful trip abroad. You will be missed. We are Here, supporting, praying, Trumping until you get back Sir! God Bless Our Beloved President and First Lady!
The House GOP Leadership held a press conference today to speak about their plans for America.
President Trump Proposed a Massive Tax Cut. Here’s What You Need to Know.
APRIL 26, 2017 AT 10:30 PM ET BY GARY COHN – FROM THE White House
We have a once-in-a-generation opportunity to do something big. President Trump has made tax reform a priority, and we have a Republican Congress that wants to get it done. This is something that Democrats should support too because it’s good for the American people.
The President is going to seize this opportunity by leading the most significant tax reform legislation since 1986 – and one of the biggest tax cuts in American history.
The President has focused on three things since his campaign: job creation, economic growth, and helping low and middle-income families who have been left behind by this economy. He understands that there are a lot of people in this country that feel like they work hard and still can’t get ahead. They are sick of turning their paychecks over to Washington and having no idea how their tax dollars are spent. They are frustrated by a tax code that is so complicated that they can’t even do their own taxes.
That’s why tax reform is such a big priority for this President. He cares about making the economy work better for the American people.
We are going to cut taxes for businesses to make them competitive, and we are going to cut taxes for the American people – especially low and middle-income families.
In 1935, we had a one-page tax form consisting of 34 lines and two pages of instructions. Today, the basic 1040 form has 79 lines and 211 pages of instructions. Instead of a single tax form, the IRS now has 199 tax forms on the individual side of the tax code alone. Taxpayers spend nearly 7 billion hours complying with the tax code each year, and nearly 90% of taxpayers need help filing their taxes.
We are going to cut taxes and simplify the tax code by taking the current 7 tax brackets we have today and reducing them to only three brackets: 10 percent, 25 percent, and 35 percent.
We are going to double the standard deduction so that a married couple won’t pay any taxes on the first $24,000 of income they earn. So in essence, we are creating a 0 percent tax rate for the first $24,000 that a couple earns.
The larger standard deduction also leads to simplification because far fewer taxpayers will need to itemize, which means their tax form can go back to that one simple page.
Families in this country will also benefit from tax relief to help them with child and dependent care expenses.
We are going to repeal the Alternative Minimum Tax (AMT). The AMT creates significant complications and burdens by requiring taxpayers to do their taxes twice to see which is higher. That makes no sense; we should have one simple tax code.
Job creation and economic growth is the top priority for this Administration, and nothing drives economic growth like capital investment. Therefore, we are going to return the top tax rate on capital gains and dividends to 20 percent by repealing the harmful 3.8 percent Obamacare tax. That tax has been a direct hit on investment income and small business owners.
We are going to repeal the death tax. The threat of being hit by the death tax leads small business owners and farmers in this country to waste countless hours and resources on complicated estate planning to make sure their children aren’t hit with a huge tax when they die. No one wants their children to have to sell the family business to pay an unfair tax.
We are going to eliminate most of the tax breaks that mainly benefit high-income individuals. Home ownership, charitable giving, and retirement savings will be protected – but other tax benefits will be eliminated.
This is not going to be easy. Doing big things never is. But one thing is for certain: I would not bet against this President. He will get this done for the American people.
Gary Cohn is the chief economic advisor to President Donald J. Trump and Director of the National Economic Council
— CSPAN (@cspan) May 17, 2017