From: Tierney Sneed
Date: September 5, 2017 at 4:52:57 PM EDT
Subject: WH 9/5 print pool report #6 -- POTUS tax reform remarks
Some highlights from POTUS' tax reform remarks. Please check against official White House transcript:
POTUS began his remarks introducing some of the attendees of the meeting. He then touted jobs added under his administration.
"If we are going to keep this momentum going and allow the economy to truly take off as it should, it is vital that we reduce the crushing tax burden on our companies and on our workers."
POTUS went over principles of tax reform, including making the code "as simple as possible," providing "tax relief for middle class workers and families," and restoring a "competitive edge."
"We're doing fine but we lost the competitive edge. You see what's going on all over the world."
"We can't be the jobs magnet of the word if we continue to tax our industries at rate 60 percent higher than companies in other countries," POTUS said.
"We must bring back trillions of dollars that are currently parked overseas," POTUS said, adding that $4 trillion is parked overseas.
"This is more than just tax reform. This is tax cutting. To put it in a very simple form: we are going to cut taxes. We are going to reduce takes for our people, for individuals for middle income families. We are going to reduce taxes for companies and those companies are going to produce jobs."
POTUS said tax reform efforts under these principles would produce "millions of new jobs" and "ensure that more products are stamped with the very beautiful letters and words, 'Made in the U.S.A.'"
"It's time to lower our taxes, bring back our wealth and make America the jobs magnet that it could become and pretty quickly...in other words, it's an expression-- I don't know if too many of you have heard it: it's time to make America great again. Has anybody heard that expression?" POTUS said, getting some laughs.
"So that's what we're doing. We're making America great again. You see it in the numbers, so you see it in jobs. You see it with companies moving back in --they're moving back in at very very big numbers... coming back into our country. You haven't seen that for a long time, so we're very proud of that."
Talking Points Memo