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Trump Promises 'Biggest Tax Cuts In American History' In 'One Big Beautiful Bill'
Forbes Breaking News
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5/1/2025
In remarks at a National Day of Prayer event at the White House, President Trump touted the "one big beautiful bill."
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00:00
well good morning this is a beautiful day we could not have asked for a more beautiful day
00:12
than this and maybe that means something that brings us a little luck but it's a great honor
00:19
and i'm delighted to welcome you to this very special place the white house to celebrate the
00:25
annual national day of prayer and we're doing it up big this is the first time they've done it this
00:31
way and you deserve it we all deserve the white house the white house is special
00:36
we're bringing back religion in our country and we're bringing it back quickly and strongly
00:41
because for america to be a great nation we must always be one nation under god a phrase that they
00:53
would like to get rid of the radical left but ben i don't think we're going to let them get rid of
00:58
that right we're not letting them get rid of that i want to thank a man of incredible faith
01:05
who's with us speaker mike johnson for being here he's done an incredible job
01:10
thank you mike very much we're working very hard on a great big beautiful bill beautiful bill
01:20
and we're trying to come up with a name and i said why don't we just go with the great big beautiful
01:25
bill that's what everyone you know so we're going to probably do that because everyone knows what it
01:32
means but later today i'll be going to the university of alabama to deliver the keynote commencement
01:37
address to a record crowd they have a big crowd they have i guess they have seven ceremonies
01:42
and they said well if you're doing it we're putting them all together i said that's a lot of people
01:47
so we're going to put them all together it's the first time they've done that
01:51
and i'll give it a shot all right i hope we can entertain i will give it a shot
01:57
but before we begin i want to let you know what i was just uh doing in a really great meeting with
02:08
speaker johnson we heard also majority leader steve scalise chairman brett guthrie who's a fantastic guy
02:14
and chairman smith everybody knows chairman smith he's the most knowledgeable person on taxes and
02:21
finances there is to be updated on the progress of the one big beautiful bill we love that bill
02:30
i won't like it if it doesn't pass neither will you doesn't pass your taxes are going to go up 68
02:36
so think of it 68 and this is a religious ceremony to me but that that's part of the religion
02:43
because if your taxes go up 68 you might give up your religion you might have no choice
02:49
you'll be working too hard to try and make it and that's the democrats that's what they'll give you
02:55
they'll vote against it it's not even believable it's called trump derangement syndrome because
03:02
honestly they uh everything in there is good for democrats republicans and everybody else
03:08
these will be the biggest tax cuts in american history with 100 percent expensing which is
03:14
something that people cannot believe they're getting we did it and the last one and we had
03:19
the most successful economy in my first four years that we've ever had the history of our country
03:24
and expensing was one of the things that led to that but it's 100 percent expensing for companies
03:31
investing in america and increasing take-home pay for the typical family by thousands of dollars a year
03:38
and uh to show you how middle income this is there'll be no tax on tips no tax on overtime
03:47
no tax for the great seniors in social security so you have no tax on social security for our great
03:55
seniors and we have a full deduction for interest if you buy a car that's made in america you get an
04:02
interest rate deduction that's going to be a big it's got to be made in america if it's not made in
04:07
america we really don't care if you buy it or not but if it's made in america we want you to buy it
04:11
we make the best cars anyway things are moving along very well and i just wanted to say the final details
04:18
are coming together and they're coming together rapidly and i think we're right on schedule mike and
04:22
everyone and i want to thank you and this group and all of the people that are over there right now
04:28
not in the sun they're working on the bill it's bill it will be the biggest bill ever passed in the
04:34
history of our congress our senate and congress that's a big that's a big achievement one of the
04:42
things that's very important will be saving medicaid for americans in need we will not let the
04:48
democrats destroy it and all the waste fraud and abuse that they seem to love and they will
04:55
decimate medicaid if they get the chance we're not going to give them that chance so just remember we
05:02
will be saving medicaid and strengthening it it'll be actually very strengthened and they are going to
05:09
decimate it we can't let it happen and very simply to finish that we will make america rich
05:15
and healthy again and why don't we say rich healthy and religious again okay should i add that for this
05:21
group right dan patrick
05:22
thanks as well to the great people that are here
05:29
pete hexeth who's doing a fantastic job pete thank you
05:34
marco rubio unbelievable unbelievable marco when i have a problem i call up marco he gets it solved
05:43
he gets it solved scott besant he's got a very easy job now he's negotiating with about 200 countries
05:52
can you handle it do you get to sleep at all he's got phone calls coming in i was with him before
05:58
he had like 30 phone calls i said just see me later they come they're all calling scott turner
06:03
who's doing wonderful work recommendation of ben ben when ben you know recommends you i have no choice
06:13
right but you're doing great you're doing great attorney general pam bondy she's slightly busy
06:20
she's on the busy side with all of the you have a big assortment of everything when you think of it
06:27
she's got every form of crime known to mankind and womankind too you always have to say that as a
06:33
politician but she's doing incredible work director of national intelligence tulsi gabbard tulsi thank you
06:40
good job a man that i can't talk about because he goes undercover most of the time his whole life is now
06:49
undercover but he's central casting when you get to see him i tell you he's a handsome guy
06:53
he's if i was casting a movie for the cia i'd put this guy in it director of the cia john ratcliffe
06:59
where's john john see he's undercover he's here but he's undercover he's perfect
07:07
u.s trade representative jameson greer another busy one huh jameson good
07:15
and another one who's negotiating along with scott and jameson he's negotiating all the time he
07:22
doesn't want to talk about he can't he has no life howard lutnik commerce he has no life
07:28
and a very special person friend of mine for a long time and she's doing an unbelievable job at
07:37
small business which is really big business you know when you add up all that small business it's
07:41
probably the biggest bank in the world but she is really capable and doing a fantastic job of working
07:49
with linda mcmahon also on the student loans getting them paid up administrator kelly loffler
07:57
kelly thank you very much
07:58
and we're also joined by some special senators roger marshall roger roger you are you are a great guy
08:09
whenever i have a problem he's calling sir don't worry about it i say thanks roger it's easy for you
08:15
to say roger but he always is so good he's a good man james lankford james i saw you on television
08:22
you were fantastic on television james was defending me on television something that's not easy to do but
08:29
he did a good job thank you james and mark wayne mullen mark wayne where are you don't ever fight
08:37
mark wayne yep thank you mark wayne don't ever fight him he was a fighter and cindy hyde smith
08:44
is here cindy hi cindy wow and we have represent thanks cindy you're doing great i looked at your
08:52
numbers you're very popular you don't need me to go out and campaign with you this year huh isn't that
08:57
good representatives mark harris mary miller gary palmer marjorie taylor green robert atterholt
09:08
jason smith chris smith tim walberg and josh brentkeen uh thank you all for being here
09:17
and we have some others but i can't see them i i just can't cannot see them so i'm going to get
09:25
myself in trouble they'll never vote for me again ben that's the problem you know if you don't
09:29
mention hi mary but mary will thank you also to senior advisor pastor paula right white who's been
09:36
so incredible she's been right from the beginning paula right and we had like a 94 percent poll number
09:44
and uh i think paula got it more than i got it she's saying no i'm telling you he's a good person well
09:51
we don't like him we don't like i'm telling you he's done more for us than anybody oh okay and she
09:57
got us up to about 94 percent and my old friends they couldn't believe that i got that kind of a
10:03
number with you understand but you have done a great job and jenny corn has done an unbelievable job
10:11
jenny
10:11
and you know they work right out of the white house they've never done that that's never been done
10:17
before no other president allowed that i think you know they say separation they say separation
10:24
between church and state they told me i said all right let's forget about that for one time
10:29
we said really the separation i don't know is that a good thing or a bad thing i'm not sure
10:34
but whether there's separation or not you guys are in the white house where you should be
10:40
and you're representing our country and we're bringing religion back to our country
10:45
and uh it's a big deal and i want to say hello john the most talented man standing here today he's
10:54
one of the most successful artists and uh his song is one of the most favored by people of religion
11:02
that i can tell you john you've done a great job i always say he's the husband of paula white but
11:07
actually he's very successful it's always that's always tough to live with right john but not really
11:12
because you have an incredible wife that you're proud of right well that's good oh he just gave
11:17
her a kiss that's the first time they've kissed in years i'm only kidding
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