April 18th, 2018
April 18th, 2018
Since the recession of 2008, American workers and businesses have suffered through the slowest economic recovery since World War II. The U.S. lost nearly 300,000 manufacturing jobs during this period, while the share of Americans in the work force plummeted to lows not seen since the 1970s, the national debt doubled, and middle class got smaller. To get the economy back on track, President Trump has outlined a bold plan to create 25 million new American jobs in the next decade and return to 4 percent annual economic growth.
The plan starts with pro-growth tax reform to help American workers and businesses keep more of their hard-earned dollars. The President’s plan will lower rates for Americans in every tax bracket, simplify the tax code, and reduce the U.S. corporate tax rate, which is one of the highest in the world. Fixing a tax code that is outdated, overly complex, and too onerous will unleash America’s economy, creating millions of new jobs and boosting economic growth.
As a lifelong job-creator and businessman, the President also knows how important it is to get Washington out of the way of America’s small businesses, entrepreneurs, and workers. In 2015 alone, federal regulations cost the American economy more than $2 trillion. That is why the President has proposed a moratorium on new federal regulations and is ordering the heads of federal agencies and departments to identify job-killing regulations that should be repealed.
With decades of deal-making experience, the President also understands how critical it is to negotiate the best possible trade deals for the United States. By renegotiating existing trade deals, and taking a tough stance on future ones, we will ensure that trade agreements bring good-paying jobs to our shores and support American manufacturing, the backbone of our economy. The President plans to show America’s trading partners that we mean business by ensuring consequences for countries that engage in illegal or unfair trade practices that hurt American workers.
Today, President Donald J. Trump embarks on his second trip abroad. The President will make his first stop in Warsaw, Poland where he will meet with President Duda of Poland and speak with 12 Central European, Baltic, and Western Balkan leaders at a summit of the Three Seas Conference. The President will then travel to Hamburg, Germany for the G20 Summit. As the President travels abroad, he will look to promote American prosperity, protect American interests, and provide American leadership.
7:50 AM: President Trump departs Washington, D.C. en route to Warsaw, Poland
10:00 AM: Vice President Pence participates in a phone call with President Ashraf Ghani of Afghanistan
10:30 AM: Vice President Pence participates in a phone call with EU High Representative and Vice President Federica Mogherini
10:15 PM: President Trump arrives in Warsaw, Poland
Independence Day on the South Lawn | July 4, 2017 (Official White House Photo by Andrea Hanks)
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