President Donald Trump hammered home the benefits of his administration’s tax reform bill in a speech at the White House on Thursday.
Speaking to a crowd of U.S. manufacturers, blue-collar workers, and middle-class families, Trump walked through the benefits of the Tax Cuts and Jobs Act passed at the end of last year. He made a point to note the “historic” nature of the act, crediting the passage to administration-suggested rebranding.
“I said we have to call it tax cuts and jobs, not reform,” Trump said in the Rose Garden. “And guess what, we got it passed.”
Echoing rhetoric from prior months, Trump pitched the legislation as a boon to the everyman due to a slashed estate tax, a doubled child tax credit, and higher overall paychecks. According to data from the president’s council of economic advisers, a family of four with a $75,000 total income has seen its tax bill slashed in half — an unprecedented side effect to Trump, who added: “Nobody thought they would ever see that […] but a lot more money to spend.”
Trump took an expected shot at Democrats, reminding the audience of the razor-thin 51-49 vote that pushed the bill into law.
“We did not get one Democratic vote … that’s tough,” Trump said. “I have to say, they want to increase your taxes, they’ve stated they want to increase your taxes and spend money on things you don’t even want to know about.”
He continued to position the Democrats against the layman, suggesting that congressional Democrats care more about padding their pockets with “special interest” money than the constituents they represent. Support for the controversial tax bill has risen slightly in the past few months from 33 percent to 46 percent; however, a majority of Americans — 49 percent — remain to be convinced.
This marks the third event Trump’s hosted regarding administration accomplishments over the past few months — an elongated victory lap of sorts to laud one of the few major legislative “wins” of the administration. At each stop, the president highlighted the uptick in domestic manufacturing as the harboring of a new “made in the USA” era.
“We’re bringing back our factories, we’re bringing back our jobs, and we’re bringing back those four really beautiful words that you don’t hear very much,” Trump said.
Trump explained that tax reform and cuts fall under a larger umbrella of “good deals” that his administration will continue to cut for the everyday American. “Unfair” and “one-sided” deals like the North American Free Trade Agreement (NAFTA) are likely next on the White House’s negotiation agenda, Trump added.
Earlier Thursday, the president signed a memorandum directing the Environmental Protection Agency to roll back Obama-era regulations as part of a continued effort to appeal to farmers and workers in middle America, whom he credits as the true cornerstones of the U.S. economy.
“You are the ones who are restoring our prosperity,” Trump said. “You’re bringing our country to levels that we have never, ever, seen before.”