Quantcast
Published On: Wed, Jan 31st, 2018

TRANSCRIPT: President Trump’s 2018 State of the Union Address

Since the election, we have created 2.4 million new jobs, including 200,000 new jobs in manufacturing alone. After years of wage stagnation, we are finally seeing rising wages.

photo: photologue_np via Flickr

Unemployment claims have hit a 45-year low. African-American unemployment stands at the lowest rate ever recorded, and Hispanic American unemployment has also reached the lowest levels in history.

Small business confidence is at an all-time high. The stock market has smashed one record after another, gaining $8 trillion in value. That is great news for Americans’ 401k, retirement, pension, and college savings accounts.

And just as I promised the American people from this podium 11 months ago, we enacted the biggest tax cuts and reforms in American history.
Our massive tax cuts provide tremendous relief for the middle class and small businesses.

To lower tax rates for hardworking Americans, we nearly doubled the standard deduction for everyone. Now, the first $24,000 earned by a married couple is completely tax-free. We also doubled the child tax credit.

A typical family of four making $75,000 will see their tax bill reduced by $2,000 — slashing their tax bill in half.

This April will be the last time you ever file under the old broken system — and millions of Americans will have more take-home pay starting next month.

We eliminated an especially cruel tax that fell mostly on Americans making less than $50,000 a year — forcing them to pay tremendous penalties simply because they could not afford government-ordered health plans. We repealed the core of disastrous Obamacare — the individual mandate is now gone.

We slashed the business tax rate from 35 percent all the way down to 21 percent, so American companies can compete and win against anyone in the world. These changes alone are estimated to increase average family income by more than $4,000.

Small businesses have also received a massive tax cut, and can now deduct 20 percent of their business income.

Here tonight are Steve Staub and Sandy Keplinger of Staub Manufacturing — a small business in Ohio. They have just finished the best year in their 20-year history. Because of tax reform, they are handing out raises, hiring an additional 14 people, and expanding into the building next door.

One of Staub’s employees, Corey Adams, is also with us tonight. Corey is an all-American worker. He supported himself through high school, lost his job during the 2008 recession, and was later hired by Staub, where he trained to become a welder. Like many hardworking Americans, Corey plans to invest his tax‑cut raise into his new home and his two daughters’ education. Please join me in congratulating Corey.

Since we passed tax cuts, roughly 3 million workers have already gotten tax cut bonuses — many of them thousands of dollars per worker. Apple has just announced it plans to invest a total of $350 billion in America, and hire another 20,000 workers.

This is our new American moment. There has never been a better time to start living the American Dream.

So to every citizen watching at home tonight — no matter where you have been, or where you come from, this is your time. If you work hard, if you believe in yourself, if you believe in America, then you can dream anything, you can be anything, and together, we can achieve anything.

Pages: 1 2 3 4 5 6 7 8 9

On the DISPATCH: Headlines  Local  Opinion

Subscribe to Weekly Newsletter

* indicates required
/ ( mm / dd ) [ALL INFO CONFIDENTIAL]

About the Author

- The generic Dispatch designation, used primarily for press releases or syndicated content, but may be used for guest author requesting a generic nomenclature

Tags
Displaying 4 Comments
Have Your Say
  1. Illinois’ Tammy Duckworth attacks President Trump as ‘Cadet Bone Spurs’ | The Global Dispatch says:

    […] fired back at President Trump for calling Democrats who didn’t stand and applaud during his State of the Union address “treasonous,” saying she didn’t swear an oath “to mindlessly cater to the whims of Cadet […]

  2. Fake News: CNN discredits own poll showing positive response to Trump’s SOTU | The Global Dispatch says:

    […] at CNN against President Trump came last night as the network began analysis of their polling on State of the Union address, showing a strong positive response, but attacked it […]

  3. Chuck Todd says Trump’s SOTU ‘set things back’ ‘offended a lot of Democrats’ | The Global Dispatch says:

    […] the Press moderator Chuck Todd appeared on the Today show trashing President Trump’s State of the Union address moments  Wednesday morning, fearing the speech “set things back” and “really offended a lot of […]

  4. Black activists, Project 21, praises President Trump’s SOTU address, ‘this speech went a long way in trying to repair’ America’s divide | The Global Dispatch says:

    […] tonight’s address, President Trump spoke of a “new American moment” in which “[t]here has never been […]

Leave a comment

XHTML: You can use these html tags: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <s> <strike> <strong>

Sign up for our Weekly Newsletter



Categories

Archives

At the Movies

Pin It