(TEXT of )TRUMP DELIVERS SPEECH ON JOBS AT NEW YORK ECONOMIC CLUB
Thank you for the opportunity to speak with you.
Today, I’m going to outline a plan for American economic revival – it is a bold, ambitious, forward-looking plan to massively increase jobs, wages, incomes and opportunities for the people of our country.
My plan will embrace the truth that people flourish under a minimum government burden, and it will tap into the incredible unrealized potential of our workers and their dreams.
Right now, 92 million Americans are on the sidelines, outside the workforce, and not part of our economy. It’s a silent nation of jobless Americans.
Look no further than the city of Flint, where I just visited. The jobs have stripped from this community, and its infrastructure has collapsed. In 1970, there were more than 80,000 people in Flint working for GM – today it is less than 8,000. Now Ford has announced it is moving all small car production to Mexico.
It used to be cars were made in Flint and you couldn’t drink the water in Mexico. Now, the cars are made in Mexico and you can’t drink the water in Flint.
We are going to turn this around.
My economic plan rejects the cynicism that says our labor force will keep declining, that our jobs will keep leaving, and that our economy can never grow as it did once before.
We reject the pessimism that says our standard of living can no longer rise, and that all that’s left to do is divide up and redistribute our shrinking resources.
Everything that is broken today can be fixed, and every failure can be turned into a great success.
Jobs can stop leaving our country, and start pouring in. Failing schools can become flourishing schools. Crumbling roads and bridges can become gleaming new infrastructure. Inner cities can experience a flood of new jobs and investment. And rising crime can give way to safe and prosperous communities.
All of these things, and so much more, are possible. But to accomplish them, we must replace the present policy of globalism – which has moved so many jobs and so much wealth out of our country – and replace it with a new policy of Americanism.
Under this American System, every policy decision we make must pass a simple test: does it create more jobs and better wages for Americans?
If we lower our taxes, remove destructive regulations, unleash the vast treasure of American energy, and negotiate trade deals that put America First, then there is no limit to the number of jobs we can create and the amount of prosperity we can unleash.
America will truly be the greatest place in the world to invest, hire, grow and to create new jobs, new technologies, and entire new industries.
Instead of driving jobs and wealth away, America will become the world’s great magnet for innovation and job creation.
My opponent’s plan rejects this optimism. She offers only more taxing, regulating, more spending and more wealth redistribution – a future of slow growth, declining incomes, and dwindling prosperity.
The only people who get rich under Hillary Clinton’s scheme are the donors and the special interests.
In Hillary Clinton’s America, we have surrendered our status as the world’s great economy, and we have surrendered our middle class to the whims of foreign countries.
Not one single idea she has will create one net American job, or create one new dollar of American wealth for our workers. The only thing she can ever offer is a welfare check. Our plan will produce paychecks, and they’re going to be great paychecks for millions of people now unemployed.
In the course of this campaign, I have travelled all across this country and I’ve met the most amazing people. Every day, I’ve seen the goodness and character of our country, and brave citizens proudly fighting through hard times and difficult circumstances.
In many parts of our country, the hard times never seem to end. I’ve visited cities and towns in upstate New York where half the jobs have left and moved to other countries.
Politicians have abandoned these places all over our country and the people who live there.
Worse still, politicians have heaped scorn and disdain on these wonderful Americans. My opponent described tens of millions of American citizens as deplorable and irredeemable – how can Hillary Clinton seek to lead this country when she considers its citizens beyond redemption?
The hardworking people she calls deplorable are the most admirable people I know: they are cops and soldiers, teachers and firefighters, young and old, moms and dads, blacks, whites and Latinos – but above everything else, they are all American. They love their families, they love their country, and they want a better future.
These are the forgotten men and women of America. People who work hard but don’t have a voice.
I am running to be their voice, and to fight to bring prosperity to every part of this country.
Too many of our leaders have forgotten that it’s their duty to protect the jobs, wages and well-being of American workers before any other consideration.
I’m not running to be President of the world. I’m running to be President of the United States – and as your President, I will fight for every last American job.
We are the nation that tamed the West, dug out the Panama Canal, won two World Wars, and put a man on the moon.
It’s time to start thinking big once again.
That’s why I believe it is time to establish a national goal of reaching 4% economic growth.
In working with my economic team, we’ve put together a plan that puts us on track to achieve that goal. Over the next ten years, our economic team estimates that under our plan the economy will average 3.5% growth and create a total of 25 million new jobs. You can visit our website to see the math.
This growth means that our jobs plan, including our childcare reforms, will be completely paid-for in combination with proposed budget savings.
It will be deficit neutral. If we reach 4% growth, it will reduce the deficit.
It will be accomplished through a complete overhaul of our tax, regulatory, energy and trade policies.
Right now, under Obama-Clinton policies, the economy grew only 1.1 percent last quarter – that translates to millions of lost jobs.
This is the weakest so-called recovery since the Great Depression.
Over the last 7 years, the economy grew only 2.1 percent, the slowest period in seventy years. Had the economy grown under Obama at the same rate as Reagan, it would have meant 10 million more jobs.
Perhaps most shockingly, 1 in 6 men aged 18-34 are either in jail or out of work.
Meanwhile, another 2 million Hispanic-Americans have been added to the ranks of those in poverty.
On top of it all, the Obama-Clinton policies have doubled the national debt. It took more than 230 years for the United States to accumulate it’s first $10 trillion dollars in debt – it took President Obama only eight years to add another $10 trillion.
Now, it would be one thing if that money had been used to completely rebuild our nation, our military, and our infrastructure.
Instead, the opposite happened. We doubled our debt and, in return, we have dilapidated infrastructure, failing schools, a badly depleted military, and another 14 million people who have left the workforce.
Never has so much money been spent so poorly.
But we’re going to turn that all around. Here’s how.
It begins with bold new tax reform.
As outlined in Detroit, our tax plan will greatly simplify the code and reduce the number of brackets from 7 to 3. The 3 new brackets will be 12, 25 and 33, but low-income Americans will pay no income tax at all – in fact, our plan will remove millions and millions of workers from the income tax rolls entirely.
By lowering rates, streamlining deductions, and simplifying the process, we will add millions of new jobs.
In addition, because we have strongly capped deductions for the wealthy and closed special interest loopholes, the tax relief will be concentrated on the working and middle class taxpayer. They will receive the biggest benefit – it won’t even be close.
This is a working and middle class tax relief proposal.
The tax relief for these workers will be expanded by my childcare proposals that I have worked on with my daughter, Ivanka.
These proposals are a central element of our comprehensive tax reform and economic growth plan.
Families will be able to fully deduct the average cost of childcare from their taxes, including stay-at-home parents. Because this deduction is capped, it will disproportionately benefit working and middle class families. The less you make, the larger a share of your income you can exclude from taxation.
Parents will also be able to enroll in tax-free dependent care savings accounts for their children or elderly relatives. Low-income households will benefit from both an Expanded Earned Income Tax Credit – in the form a Childcare rebate – and a matching $500 contribution for their savings accounts.
A married couple earning $50,000 per year with two children and $8,000 in child care expenses will save 35% from their current tax bill.
A married couple earning $75,000 per year with two children and $10,000 in child care expenses will receive a 30% reduction in their tax bill.
One of our greatest job creation measures is going to be our 15% business tax rate – down from the current 35% rate, a reduction of more than 40 percent. An explosion of new business and new jobs will be created. It will be amazing to watch.
We will also allow U.S.-based manufacturers to fully expense the cost of new plants and equipment.
On top of that, we will bring back trillions in business wealth parked overseas and tax it at a 10% rate. Some people say there are $2 trillion dollars overseas, I think it’s $5 trillion. By taxing it at 10% instead of 35%, all of this money will come back into our country.
We will turn America into a magnet for new jobs – and that means jobs in our poorest communities.
Next, comes regulations.
One of the keys to unlocking growth is scaling-back years of disastrous regulations unilaterally imposed by our out-of-control bureaucracy.
Regulations have grown into a massive, job-killing industry – and the regulation industry is one business I will put an end to.
In 2015 alone, federal agencies issued over 3,300 final rules and regulations, up from 2,400 the prior year. Every year, overregulation costs our economy $2 trillion dollars a year and reduces household wealth by almost $15,000 dollars.
I’ve proposed a moratorium on new federal regulations that are not compelled by Congress or public safety, and I will eliminate all needless and job-killing regulations now on the books.
This includes eliminating some of our most intrusive regulations, like the Waters of The U.S. Rule. It also means scrapping the EPA’s so-called Clean Power Plan which the government itself estimates will cost $7.2 billion a year. This Obama-Clinton directive will shut down most, if not all, coal-powered electricity plans in America. Remember what Hillary Clinton said? She wants to shut down the miners, just like she wants to shut down the steel mills.
We’re going to put our great miners and steel workers back to work.
Energy reform is central to our plan as well
According to the Heritage Foundation, by 2030, President Obama’s energy restrictions will eliminate another half a million manufacturing jobs, reduce economic output by $2.5 trillion dollars, and reduce incomes by $7,000 dollars per person.
Hillary Clinton wants to go even further, and her plan could cost the economy $5 trillion dollars.
A Trump Administration will lift restrictions on all sources of American energy production. According to the Institute for American Energy Resources this will:
increase GDP by more than $100 billion annually
add over 500,000 new jobs annually
increase annual wages by more than $30 billion over the next 7 years
increase federal, state, and local tax revenues by almost $6 trillion over 4 decades
increase total economic activity by more than $20 trillion over the next 40 years.
In addition, we will streamline the permitting process for all energy infrastructure projects, including the billions of dollars in projects held up by President Obama – creating countless more jobs in the process.
Finally, comes trade – the foundation for everything
America’s annual trade deficit with the world is now nearly $800 a billion a year – an enormous drag on growth.
Between World War II and the year 2000, the United States averaged a 3.5% growth rate. But, after China joined the World Trade Organization, our average growth rate has been reduced to only 2 percent.
Predatory trade practices, product dumping, currency manipulation and intellectual property theft have taken millions of jobs and trillions in wealth from our country.
It is no great secret that many of the special interests funding my opponent’s campaign are the same people profiting from these terrible trade deals. The same so-called experts advising Hillary Clinton are the same people who gave us NAFTA, China’s entry into the World Trade Organization, the job-killing trade deal with South Korea, and now the Trans-Pacific Partnership.
The verdict is in. All of the special interests that the media race to for comment have been proven wrong about every single deal they’ve promoted – every lie and every prediction has crashed upon the rocks of reality.
Our manufacturing base has crumbled, communities have been hollowed out, wages have declined, and households are making less today than they were in the year 2000.
I have proposed a detailed plan to reform our trade policies and bring vast new jobs and wealth to America. This includes the following steps:
I'm going to direct the Secretary of Commerce to identify every violation of trade agreements a foreign country is currently using to harm our workers. I will use every tool under American and international law to end these abuses, and I will use our greatest business leaders and finest negotiators – and I know who you are, many of you are in the room.
We are going to start with NAFTA, which is causing so much damage to our country. We will entirely renegotiate NAFTA into a deal that will either be good for us or will be terminated until a brand new and productive deal can be signed.
We are also going to keep America out of the Trans-Pacific Partnership.
Next, I am going to instruct my Treasury Secretary to label China a currency manipulator, and to apply tariffs to any country that devalues its currency to gain an unfair advantage over the United States.
I am going to instruct the U.S. Trade Representative to bring trade cases against China. China's unfair subsidy behavior is prohibited by the terms of its entrance to the WTO, and I intend to enforce those rules.
If China does not stop its illegal activities, including its theft of American trade secrets and intellectual property, I will apply countervailing duties until China ceases and desists.
Just the single action of enforcing intellectual property rules alone would add millions of new American jobs. According to the U.S. International Trade Commission, improved protection of America’s intellectual property in China would add 2 million jobs a year to the United States every single year.
We are going to stop the outflow of jobs from our country, and open a new highway of jobs back into our country.
Here is how the plan adds up
We are proposing a $4.4 trillion tax cut that will score as $2.6 trillion under a dynamic growth model, which is how taxes should be scored. This includes the childcare plan.
Our economic team has further modeled that the growth-induced savings from trade, energy and regulation reform will shave at least another $1.8 trillion off of the remaining cost.
That leaves around $800 billion dollars. This money can all be saved through simple, common sense reforms. If we save just one penny of each federal dollar spent on non-defense, and non-entitlement programs, we can save almost $1 trillion over the next decade – again this is spending that does not touch defense, and that does not touch entitlements.
If our plan exceeds the 3.5% ten-year growth average, then our jobs proposal will actually reduce the deficit. Savings will be compounded by the fact that people who are currently receiving unemployment or welfare will finally be able to find jobs.
This is the most pro-growth, pro-jobs, pro-family plan put forth perhaps in the history of our country.
This is what our new future will look like
I am going to lower you taxes; I am going to get rid of massive amounts of unnecessary regulations, on business and in your life; I’m going to unleash American energy; I’m going to repeal and replace Obamacare; I’m going to appoint Justices to the Supreme Court who will follow the Constitution; I’m going rebuild our depleted military and take care of our vets; I’m going to save your 2ndamendment; I’m going to stop illegal immigration and drugs coming into our country, and yes, we will build the wall [Mexico will pay]; and I’m going to renegotiate our disastrous trade deals, especially NAFTA – and we will only make great trade deals that put the American worker first.
And we are going to put our miners and our steelworkers back to work.
We will rebuild our roads, bridges, tunnels, highways, airports, schools and hospitals.
American cars will travel the roads, American planes will soar in the skies, and American ships will patrol the seas.
American steel will send new skyscrapers into the clouds.
American hands will rebuild this nation – and American energy, harvested from American sources, will power this nation. American workers will be hired to do the job.
We will put new American metal into the spine of this country.
Jobs will return, incomes will rise, and new factories will come rushing back to our shores.
We Will Make America Wealthy Again.
We Will Make America Strong Again.
And Will Make America Great Again.
Thank you, and God Bless!
https://www.donaldjtrump.com/press-releases/trump-delivers-speech-on-jobs-at-new-york-economic-club
Thank you for the opportunity to speak with you.
Today, I’m going to outline a plan for American economic revival – it is a bold, ambitious, forward-looking plan to massively increase jobs, wages, incomes and opportunities for the people of our country.
My plan will embrace the truth that people flourish under a minimum government burden, and it will tap into the incredible unrealized potential of our workers and their dreams.
Right now, 92 million Americans are on the sidelines, outside the workforce, and not part of our economy. It’s a silent nation of jobless Americans.
Look no further than the city of Flint, where I just visited. The jobs have stripped from this community, and its infrastructure has collapsed. In 1970, there were more than 80,000 people in Flint working for GM – today it is less than 8,000. Now Ford has announced it is moving all small car production to Mexico.
It used to be cars were made in Flint and you couldn’t drink the water in Mexico. Now, the cars are made in Mexico and you can’t drink the water in Flint.
We are going to turn this around.
My economic plan rejects the cynicism that says our labor force will keep declining, that our jobs will keep leaving, and that our economy can never grow as it did once before.
We reject the pessimism that says our standard of living can no longer rise, and that all that’s left to do is divide up and redistribute our shrinking resources.
Everything that is broken today can be fixed, and every failure can be turned into a great success.
Jobs can stop leaving our country, and start pouring in. Failing schools can become flourishing schools. Crumbling roads and bridges can become gleaming new infrastructure. Inner cities can experience a flood of new jobs and investment. And rising crime can give way to safe and prosperous communities.
All of these things, and so much more, are possible. But to accomplish them, we must replace the present policy of globalism – which has moved so many jobs and so much wealth out of our country – and replace it with a new policy of Americanism.
Under this American System, every policy decision we make must pass a simple test: does it create more jobs and better wages for Americans?
If we lower our taxes, remove destructive regulations, unleash the vast treasure of American energy, and negotiate trade deals that put America First, then there is no limit to the number of jobs we can create and the amount of prosperity we can unleash.
America will truly be the greatest place in the world to invest, hire, grow and to create new jobs, new technologies, and entire new industries.
Instead of driving jobs and wealth away, America will become the world’s great magnet for innovation and job creation.
My opponent’s plan rejects this optimism. She offers only more taxing, regulating, more spending and more wealth redistribution – a future of slow growth, declining incomes, and dwindling prosperity.
The only people who get rich under Hillary Clinton’s scheme are the donors and the special interests.
In Hillary Clinton’s America, we have surrendered our status as the world’s great economy, and we have surrendered our middle class to the whims of foreign countries.
Not one single idea she has will create one net American job, or create one new dollar of American wealth for our workers. The only thing she can ever offer is a welfare check. Our plan will produce paychecks, and they’re going to be great paychecks for millions of people now unemployed.
In the course of this campaign, I have travelled all across this country and I’ve met the most amazing people. Every day, I’ve seen the goodness and character of our country, and brave citizens proudly fighting through hard times and difficult circumstances.
In many parts of our country, the hard times never seem to end. I’ve visited cities and towns in upstate New York where half the jobs have left and moved to other countries.
Politicians have abandoned these places all over our country and the people who live there.
Worse still, politicians have heaped scorn and disdain on these wonderful Americans. My opponent described tens of millions of American citizens as deplorable and irredeemable – how can Hillary Clinton seek to lead this country when she considers its citizens beyond redemption?
The hardworking people she calls deplorable are the most admirable people I know: they are cops and soldiers, teachers and firefighters, young and old, moms and dads, blacks, whites and Latinos – but above everything else, they are all American. They love their families, they love their country, and they want a better future.
These are the forgotten men and women of America. People who work hard but don’t have a voice.
I am running to be their voice, and to fight to bring prosperity to every part of this country.
Too many of our leaders have forgotten that it’s their duty to protect the jobs, wages and well-being of American workers before any other consideration.
I’m not running to be President of the world. I’m running to be President of the United States – and as your President, I will fight for every last American job.
We are the nation that tamed the West, dug out the Panama Canal, won two World Wars, and put a man on the moon.
It’s time to start thinking big once again.
That’s why I believe it is time to establish a national goal of reaching 4% economic growth.
In working with my economic team, we’ve put together a plan that puts us on track to achieve that goal. Over the next ten years, our economic team estimates that under our plan the economy will average 3.5% growth and create a total of 25 million new jobs. You can visit our website to see the math.
This growth means that our jobs plan, including our childcare reforms, will be completely paid-for in combination with proposed budget savings.
It will be deficit neutral. If we reach 4% growth, it will reduce the deficit.
It will be accomplished through a complete overhaul of our tax, regulatory, energy and trade policies.
Right now, under Obama-Clinton policies, the economy grew only 1.1 percent last quarter – that translates to millions of lost jobs.
This is the weakest so-called recovery since the Great Depression.
Over the last 7 years, the economy grew only 2.1 percent, the slowest period in seventy years. Had the economy grown under Obama at the same rate as Reagan, it would have meant 10 million more jobs.
Perhaps most shockingly, 1 in 6 men aged 18-34 are either in jail or out of work.
Meanwhile, another 2 million Hispanic-Americans have been added to the ranks of those in poverty.
On top of it all, the Obama-Clinton policies have doubled the national debt. It took more than 230 years for the United States to accumulate it’s first $10 trillion dollars in debt – it took President Obama only eight years to add another $10 trillion.
Now, it would be one thing if that money had been used to completely rebuild our nation, our military, and our infrastructure.
Instead, the opposite happened. We doubled our debt and, in return, we have dilapidated infrastructure, failing schools, a badly depleted military, and another 14 million people who have left the workforce.
Never has so much money been spent so poorly.
But we’re going to turn that all around. Here’s how.
It begins with bold new tax reform.
As outlined in Detroit, our tax plan will greatly simplify the code and reduce the number of brackets from 7 to 3. The 3 new brackets will be 12, 25 and 33, but low-income Americans will pay no income tax at all – in fact, our plan will remove millions and millions of workers from the income tax rolls entirely.
By lowering rates, streamlining deductions, and simplifying the process, we will add millions of new jobs.
In addition, because we have strongly capped deductions for the wealthy and closed special interest loopholes, the tax relief will be concentrated on the working and middle class taxpayer. They will receive the biggest benefit – it won’t even be close.
This is a working and middle class tax relief proposal.
The tax relief for these workers will be expanded by my childcare proposals that I have worked on with my daughter, Ivanka.
These proposals are a central element of our comprehensive tax reform and economic growth plan.
Families will be able to fully deduct the average cost of childcare from their taxes, including stay-at-home parents. Because this deduction is capped, it will disproportionately benefit working and middle class families. The less you make, the larger a share of your income you can exclude from taxation.
Parents will also be able to enroll in tax-free dependent care savings accounts for their children or elderly relatives. Low-income households will benefit from both an Expanded Earned Income Tax Credit – in the form a Childcare rebate – and a matching $500 contribution for their savings accounts.
A married couple earning $50,000 per year with two children and $8,000 in child care expenses will save 35% from their current tax bill.
A married couple earning $75,000 per year with two children and $10,000 in child care expenses will receive a 30% reduction in their tax bill.
One of our greatest job creation measures is going to be our 15% business tax rate – down from the current 35% rate, a reduction of more than 40 percent. An explosion of new business and new jobs will be created. It will be amazing to watch.
We will also allow U.S.-based manufacturers to fully expense the cost of new plants and equipment.
On top of that, we will bring back trillions in business wealth parked overseas and tax it at a 10% rate. Some people say there are $2 trillion dollars overseas, I think it’s $5 trillion. By taxing it at 10% instead of 35%, all of this money will come back into our country.
We will turn America into a magnet for new jobs – and that means jobs in our poorest communities.
Next, comes regulations.
One of the keys to unlocking growth is scaling-back years of disastrous regulations unilaterally imposed by our out-of-control bureaucracy.
Regulations have grown into a massive, job-killing industry – and the regulation industry is one business I will put an end to.
In 2015 alone, federal agencies issued over 3,300 final rules and regulations, up from 2,400 the prior year. Every year, overregulation costs our economy $2 trillion dollars a year and reduces household wealth by almost $15,000 dollars.
I’ve proposed a moratorium on new federal regulations that are not compelled by Congress or public safety, and I will eliminate all needless and job-killing regulations now on the books.
This includes eliminating some of our most intrusive regulations, like the Waters of The U.S. Rule. It also means scrapping the EPA’s so-called Clean Power Plan which the government itself estimates will cost $7.2 billion a year. This Obama-Clinton directive will shut down most, if not all, coal-powered electricity plans in America. Remember what Hillary Clinton said? She wants to shut down the miners, just like she wants to shut down the steel mills.
We’re going to put our great miners and steel workers back to work.
Energy reform is central to our plan as well
According to the Heritage Foundation, by 2030, President Obama’s energy restrictions will eliminate another half a million manufacturing jobs, reduce economic output by $2.5 trillion dollars, and reduce incomes by $7,000 dollars per person.
Hillary Clinton wants to go even further, and her plan could cost the economy $5 trillion dollars.
A Trump Administration will lift restrictions on all sources of American energy production. According to the Institute for American Energy Resources this will:
increase GDP by more than $100 billion annually
add over 500,000 new jobs annually
increase annual wages by more than $30 billion over the next 7 years
increase federal, state, and local tax revenues by almost $6 trillion over 4 decades
increase total economic activity by more than $20 trillion over the next 40 years.
In addition, we will streamline the permitting process for all energy infrastructure projects, including the billions of dollars in projects held up by President Obama – creating countless more jobs in the process.
Finally, comes trade – the foundation for everything
America’s annual trade deficit with the world is now nearly $800 a billion a year – an enormous drag on growth.
Between World War II and the year 2000, the United States averaged a 3.5% growth rate. But, after China joined the World Trade Organization, our average growth rate has been reduced to only 2 percent.
Predatory trade practices, product dumping, currency manipulation and intellectual property theft have taken millions of jobs and trillions in wealth from our country.
It is no great secret that many of the special interests funding my opponent’s campaign are the same people profiting from these terrible trade deals. The same so-called experts advising Hillary Clinton are the same people who gave us NAFTA, China’s entry into the World Trade Organization, the job-killing trade deal with South Korea, and now the Trans-Pacific Partnership.
The verdict is in. All of the special interests that the media race to for comment have been proven wrong about every single deal they’ve promoted – every lie and every prediction has crashed upon the rocks of reality.
Our manufacturing base has crumbled, communities have been hollowed out, wages have declined, and households are making less today than they were in the year 2000.
I have proposed a detailed plan to reform our trade policies and bring vast new jobs and wealth to America. This includes the following steps:
I'm going to direct the Secretary of Commerce to identify every violation of trade agreements a foreign country is currently using to harm our workers. I will use every tool under American and international law to end these abuses, and I will use our greatest business leaders and finest negotiators – and I know who you are, many of you are in the room.
We are going to start with NAFTA, which is causing so much damage to our country. We will entirely renegotiate NAFTA into a deal that will either be good for us or will be terminated until a brand new and productive deal can be signed.
We are also going to keep America out of the Trans-Pacific Partnership.
Next, I am going to instruct my Treasury Secretary to label China a currency manipulator, and to apply tariffs to any country that devalues its currency to gain an unfair advantage over the United States.
I am going to instruct the U.S. Trade Representative to bring trade cases against China. China's unfair subsidy behavior is prohibited by the terms of its entrance to the WTO, and I intend to enforce those rules.
If China does not stop its illegal activities, including its theft of American trade secrets and intellectual property, I will apply countervailing duties until China ceases and desists.
Just the single action of enforcing intellectual property rules alone would add millions of new American jobs. According to the U.S. International Trade Commission, improved protection of America’s intellectual property in China would add 2 million jobs a year to the United States every single year.
We are going to stop the outflow of jobs from our country, and open a new highway of jobs back into our country.
Here is how the plan adds up
We are proposing a $4.4 trillion tax cut that will score as $2.6 trillion under a dynamic growth model, which is how taxes should be scored. This includes the childcare plan.
Our economic team has further modeled that the growth-induced savings from trade, energy and regulation reform will shave at least another $1.8 trillion off of the remaining cost.
That leaves around $800 billion dollars. This money can all be saved through simple, common sense reforms. If we save just one penny of each federal dollar spent on non-defense, and non-entitlement programs, we can save almost $1 trillion over the next decade – again this is spending that does not touch defense, and that does not touch entitlements.
If our plan exceeds the 3.5% ten-year growth average, then our jobs proposal will actually reduce the deficit. Savings will be compounded by the fact that people who are currently receiving unemployment or welfare will finally be able to find jobs.
This is the most pro-growth, pro-jobs, pro-family plan put forth perhaps in the history of our country.
This is what our new future will look like
I am going to lower you taxes; I am going to get rid of massive amounts of unnecessary regulations, on business and in your life; I’m going to unleash American energy; I’m going to repeal and replace Obamacare; I’m going to appoint Justices to the Supreme Court who will follow the Constitution; I’m going rebuild our depleted military and take care of our vets; I’m going to save your 2ndamendment; I’m going to stop illegal immigration and drugs coming into our country, and yes, we will build the wall [Mexico will pay]; and I’m going to renegotiate our disastrous trade deals, especially NAFTA – and we will only make great trade deals that put the American worker first.
And we are going to put our miners and our steelworkers back to work.
We will rebuild our roads, bridges, tunnels, highways, airports, schools and hospitals.
American cars will travel the roads, American planes will soar in the skies, and American ships will patrol the seas.
American steel will send new skyscrapers into the clouds.
American hands will rebuild this nation – and American energy, harvested from American sources, will power this nation. American workers will be hired to do the job.
We will put new American metal into the spine of this country.
Jobs will return, incomes will rise, and new factories will come rushing back to our shores.
We Will Make America Wealthy Again.
We Will Make America Strong Again.
And Will Make America Great Again.
Thank you, and God Bless!
https://www.donaldjtrump.com/press-releases/trump-delivers-speech-on-jobs-at-new-york-economic-club
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» A banking official indicates a "danger" to Iraq by depriving more than half of its banks of dollars
Today at 7:55 am by Rocky
» With the participation of the Association of Private Banks, investment opportunities are on the tabl
Today at 7:45 am by Rocky
» Within a month... an Iranian border crossing recorded a noticeable increase in exports of goods to I
Today at 7:44 am by Rocky
» The Association of Private Banks appreciates the efforts of the government and the Central Bank to c
Today at 7:43 am by Rocky
» Al-Maliki's coalition presents a third candidate for the position of governor of Diyala
Today at 6:57 am by Rocky
» Arab gathering: The Kirkuk problem is getting complicated and the Sudanese must intervene
Today at 6:56 am by Rocky
» Next week.. a Kurdish delegation will visit Baghdad to meet with the Minister of Finance
Today at 6:54 am by Rocky
» Under the pretext of salaries... Al-Party refrains from handing over port revenues to Baghdad
Today at 6:53 am by Rocky
» Association of Banks: For the first time, we are witnessing a clear targeting of depriving half of t
Today at 6:51 am by Rocky
» Parliament does not know the reason for the delay in sending the 2024 budget schedules: Voting takes
Today at 6:49 am by Rocky
» Applicants for the 2024 Hajj are demanding that the Central Bank secure the dollar for them through
Today at 5:09 am by Rocky
» Governmental and private banks will showcase their services tomorrow during Financial Inclusion Week
Today at 5:08 am by Rocky
» Iraq's oil exports rise despite OPEC+ cuts
Today at 5:06 am by Rocky
» A study explodes a "surprise"... Iraq is among the countries that export oil to "Israel": How is the
Today at 5:04 am by Rocky
» Al-Araji emphasizes working to strengthen national identity
Today at 5:02 am by Rocky
» Al-Sudani visits Saudi Arabia to participate in the World Economic Forum in Riyadh
Today at 5:01 am by Rocky
» Iraq is talking about producing one million additional liters of gasoline
Today at 4:59 am by Rocky
» The Council of Ministers approves the implementation of the Baghdad Metro project
Today at 4:56 am by Rocky
» Minister of Commerce: We formed a joint economic committee with Türkiye
Today at 4:55 am by Rocky
» Resources: Government measures have contributed to improving the water situation in Iraq
Today at 4:53 am by Rocky
» Parliamentary Finance: Baghdad will continue to send salaries to the region’s employees until settle
Today at 4:51 am by Rocky
» A parliamentarian describes the corruption of Iraqi ports as “ghouls” and reveals the involvement of
Today at 4:49 am by Rocky
» Obelisk Hour: Basra is the subject of political conflict and ambiguity over the fate of the funds al
Today at 4:48 am by Rocky
» Turkmen leader: An agreement on the local government of Kirkuk is near
Today at 4:45 am by Rocky
» Anbar calls for the operation of its factories despite financial obstacles
Today at 4:44 am by Rocky
» Turki: The crisis of the Presidency of Parliament prompted the Sunnis to amend the Council’s interna
Today at 4:43 am by Rocky
» The Agriculture Committee confirms the existence of Iraqi-Turkish-Iranian discussions on water
Today at 4:42 am by Rocky
» Resources diagnose the challenges facing the water file in Iraq
Today at 4:38 am by Rocky
» Parliament pledges to the Interior Ministry: We will transfer money to buy weapons from citizens
Today at 4:33 am by Rocky
» Al-Issawi is the closest.. Parliament sets the date for deciding the choice of the new president
Today at 4:31 am by Rocky
» Deputy: Iraq's investments have risen and need a comprehensive review of previous years
Today at 4:30 am by Rocky
» Iraqis consume 7 billion eggs annually and import about $900 million
Today at 4:28 am by Rocky
» The Iranian role complicates attempts at open cooperation between Iraq and Turkey. Turkey is trying
Today at 4:26 am by Rocky
» Move in Iran to obtain $242 billion from Iraq in compensation for the eight-year war
Today at 4:25 am by Rocky
» 12 decisions from the Council of Ministers regarding the Baghdad Metro and Najaf-Karbala train proje
Today at 4:23 am by Rocky
» Sudanese Advisor: The path to development has begun... the Baka and the militias “we silence them wi
Today at 4:21 am by Rocky
» Not from Kurdistan.. How did Iraq become a source of oil for “Israeli tanks”?
Today at 4:19 am by Rocky
» Parliamentary Agriculture criticizes the Sudanese and Erdogan agreement: Türkiye will control water
Today at 4:16 am by Rocky
» The Iraqi government issues new decisions
Yesterday at 2:35 pm by Rocky
» The story of “reduced oil” to Jordan, from “compulsion” to mutual benefit.. Is there a loss?
Yesterday at 2:33 pm by Rocky
» The Council of Ministers takes 12 decisions for the Baghdad Metro and the Najaf-Karbala train
Yesterday at 2:32 pm by Rocky
» utube MM&C 4/23/24 Iraqi Dinar - IQD Update - Development Road Project - Saviour of Global Banking
Yesterday at 10:18 am by Rocky
» Kidney from pig transplanted into deathly ill New Jersey woman — and begins working almost immediat
Yesterday at 10:15 am by Bama Diva
» The most difficult option.. Warnings of the danger of floating the Iraqi dinar without achieving an
Yesterday at 9:48 am by Rocky
» Trade from the “Economic Committee” with Türkiye: It will overcome all obstacles facing the traders
Yesterday at 9:46 am by Rocky
» Washington's hope for stable relations with Baghdad clashes with Iraqi parties' rejection of the Ame
Yesterday at 9:41 am by Rocky
» Karim Badr: Development is America’s will to kill silk
Yesterday at 9:36 am by Rocky
» Oil: Opening of a new port for liquid gas for vehicles in Baghdad
Yesterday at 9:33 am by Rocky
» A media advisor warns of corruption in a draft law on the Parliament’s agenda
Yesterday at 9:21 am by Rocky
» Economist: There is serious work to lift US sanctions on Iraqi banks
Yesterday at 9:16 am by Rocky
» Will the agreements signed with the US Treasury reflect positively on the exchange rates?
Yesterday at 7:52 am by Rocky
» Iraq continues its quest to join the World Trade Organization
Yesterday at 7:51 am by Rocky
» Iraq completes the completion of the files for the initial offer of goods and services to join the W
Yesterday at 7:50 am by Rocky
» Economist: Travelers' dollars are leaking into the parallel market...and this is what the Central Ba
Yesterday at 7:32 am by Rocky
» President of the Federal Court: It is not permissible to force anyone to join any party, and the pol
Yesterday at 7:30 am by Rocky
» The Council of Ministers holds its session headed by Al-Sudani
Yesterday at 7:27 am by Rocky
» America weakens Baghdad...and increases Kurdistan's military capabilities
Yesterday at 7:26 am by Rocky
» The Iraqi government plans to build 10,000 schools throughout the country
Yesterday at 7:23 am by Rocky
» American threats close the Iraqi Stock Exchange at a loss
Yesterday at 7:21 am by Rocky
» Increase in external transfers at the Central Bank
Yesterday at 7:20 am by Rocky
» Al-Maliki calls on Britain to cancel restrictions on the entry of its companies into Iraq
Yesterday at 7:18 am by Rocky
» Planning and the European Union are discussing signing a number of agreements in the development, en
Yesterday at 7:16 am by Rocky
» Parliament talks about the mechanism for recovering smuggled funds and hints at the next stage
Yesterday at 7:13 am by Rocky
» Interior Ministry: The number of completed national cards reached 37 million cards
Yesterday at 7:06 am by Rocky
» Amnesty International: Violations of freedom and human rights continue in Iraq and the Kurdistan Reg
Yesterday at 7:04 am by Rocky
» Parliamentary Oil: The government is proceeding with the decision to raise the price of improved gas
Yesterday at 7:03 am by Rocky
» A parliamentary committee in Basra to investigate violations of the port company and the local gover
Yesterday at 7:00 am by Rocky
» Revealing the 10 most important American exports to Iraq
Yesterday at 5:31 am by Rocky
» A noticeable increase in the rate of Iraq's import of Chinese cooling devices
Yesterday at 5:30 am by Rocky
» Prime Minister: Working on projects without completing the infrastructure is a waste of money
Yesterday at 5:28 am by Rocky
» Iraq.. Extending the deadline for registration procedures on plots of land
Yesterday at 5:27 am by Rocky
» What is the main purpose of conducting the population census in Iraq?
Yesterday at 5:25 am by Rocky
» A plan to transform Iraq from a barren land to green with 5 million trees
Yesterday at 5:24 am by Rocky
» The Housing Fund announces the acceptance of more than 11 thousand loans through the Ur platform
Yesterday at 5:23 am by Rocky
» The Bank of Baghdad is moving to increase its capital to 400 billion dinars
Yesterday at 5:20 am by Rocky
» The electronic payment system will soon be adopted on Iraqi buses
Yesterday at 5:19 am by Rocky
» “It threatens our interests and destroys our economy.” An Iraqi project “irritates” the Kuwaiti stre
Yesterday at 5:18 am by Rocky
» Warning from the Central Bank about “misuse of electronic payment cards”
Yesterday at 5:17 am by Rocky
» Iraq and the Sultanate of Oman are discussing sending capacities through the Gulf countries
Yesterday at 5:16 am by Rocky
» The fact that a decision was issued to deport Syrian workers from Iraq
Yesterday at 5:14 am by Rocky
» Rice comes first... America exports 10 foodstuffs worth more than 350 million dollars to Iraq
Yesterday at 5:14 am by Rocky
» A sixth licensing round for gas exploration
Yesterday at 5:12 am by Rocky
» Baghdad is preparing to host the 50th session of the Arab Labor Conference
Yesterday at 5:11 am by Rocky
» Scientific symposium on the future vision of the tripartite budget
Yesterday at 5:09 am by Rocky
» Five conversion power stations enter service in Najaf
Yesterday at 5:08 am by Rocky
» Planning: Conduct a population census next November
Yesterday at 5:07 am by Rocky
» Experts: Spreading misleading information harms development and investment
Yesterday at 5:03 am by Rocky
» Economists call for tightening money laundering laws and port controls
Yesterday at 5:02 am by Rocky
» Today's newspapers are interested in Sudanese's visit to Anbar Governorate and preparations for cond
Yesterday at 5:00 am by Rocky
» Iraq and Russia discuss cooperation between the two countries in the field of information and artifi
Yesterday at 4:58 am by Rocky
» With international and Arab participation. Diyala University hosts the International Specialized Sci
Yesterday at 4:56 am by Rocky
» The Basra government discusses with a UN delegation support for owners of qualified companies to est
Yesterday at 4:49 am by Rocky
» Oil stabilizes amid signs of an economic slowdown in America
Yesterday at 4:48 am by Rocky
» More than 11 thousand loans announced by the Housing Fund via the Ur platform
Yesterday at 4:47 am by Rocky
» A parliamentarian talks about the "tsunami of multinational begging" and identifies their crossing p
Yesterday at 4:43 am by Rocky
» Iraq alone possesses 9% of the world's reserves...a magical material to stimulate agriculture and th
Yesterday at 4:40 am by Rocky