Trump Promises 'Biggest Tax Cuts In American History' In 'One Big Beautiful Bill'

Forbes Breaking News

In remarks at a National Day of Prayer event at the White House, President Trump touted the "one big beautiful bill."

Transcript

00:00well good morning this is a beautiful day we could not have asked for a more beautiful day

00:12than this and maybe that means something that brings us a little luck but it's a great honor

00:19and i'm delighted to welcome you to this very special place the white house to celebrate the

00:25annual national day of prayer and we're doing it up big this is the first time they've done it this

00:31way and you deserve it we all deserve the white house the white house is special

00:36we're bringing back religion in our country and we're bringing it back quickly and strongly

00:41because for america to be a great nation we must always be one nation under god a phrase that they

00:53would like to get rid of the radical left but ben i don't think we're going to let them get rid of

00:58that right we're not letting them get rid of that i want to thank a man of incredible faith

01:05who's with us speaker mike johnson for being here he's done an incredible job

01:10thank you mike very much we're working very hard on a great big beautiful bill beautiful bill

01:20and we're trying to come up with a name and i said why don't we just go with the great big beautiful

01:25bill that's what everyone you know so we're going to probably do that because everyone knows what it

01:32means but later today i'll be going to the university of alabama to deliver the keynote commencement

01:37address to a record crowd they have a big crowd they have i guess they have seven ceremonies

01:42and they said well if you're doing it we're putting them all together i said that's a lot of people

01:47so we're going to put them all together it's the first time they've done that

01:51and i'll give it a shot all right i hope we can entertain i will give it a shot

01:57but before we begin i want to let you know what i was just uh doing in a really great meeting with

02:08speaker johnson we heard also majority leader steve scalise chairman brett guthrie who's a fantastic guy

02:14and chairman smith everybody knows chairman smith he's the most knowledgeable person on taxes and

02:21finances there is to be updated on the progress of the one big beautiful bill we love that bill

02:30i won't like it if it doesn't pass neither will you doesn't pass your taxes are going to go up 68

02:36so think of it 68 and this is a religious ceremony to me but that that's part of the religion

02:43because if your taxes go up 68 you might give up your religion you might have no choice

02:49you'll be working too hard to try and make it and that's the democrats that's what they'll give you

02:55they'll vote against it it's not even believable it's called trump derangement syndrome because

03:02honestly they uh everything in there is good for democrats republicans and everybody else

03:08these will be the biggest tax cuts in american history with 100 percent expensing which is

03:14something that people cannot believe they're getting we did it and the last one and we had

03:19the most successful economy in my first four years that we've ever had the history of our country

03:24and expensing was one of the things that led to that but it's 100 percent expensing for companies

03:31investing in america and increasing take-home pay for the typical family by thousands of dollars a year

03:38and uh to show you how middle income this is there'll be no tax on tips no tax on overtime

03:47no tax for the great seniors in social security so you have no tax on social security for our great

03:55seniors and we have a full deduction for interest if you buy a car that's made in america you get an

04:02interest rate deduction that's going to be a big it's got to be made in america if it's not made in

04:07america we really don't care if you buy it or not but if it's made in america we want you to buy it

04:11we make the best cars anyway things are moving along very well and i just wanted to say the final details

04:18are coming together and they're coming together rapidly and i think we're right on schedule mike and

04:22everyone and i want to thank you and this group and all of the people that are over there right now

04:28not in the sun they're working on the bill it's bill it will be the biggest bill ever passed in the

04:34history of our congress our senate and congress that's a big that's a big achievement one of the

04:42things that's very important will be saving medicaid for americans in need we will not let the

04:48democrats destroy it and all the waste fraud and abuse that they seem to love and they will

04:55decimate medicaid if they get the chance we're not going to give them that chance so just remember we

05:02will be saving medicaid and strengthening it it'll be actually very strengthened and they are going to

05:09decimate it we can't let it happen and very simply to finish that we will make america rich

05:15and healthy again and why don't we say rich healthy and religious again okay should i add that for this

05:21group right dan patrick

05:22thanks as well to the great people that are here

05:29pete hexeth who's doing a fantastic job pete thank you

05:34marco rubio unbelievable unbelievable marco when i have a problem i call up marco he gets it solved

05:43he gets it solved scott besant he's got a very easy job now he's negotiating with about 200 countries

05:52can you handle it do you get to sleep at all he's got phone calls coming in i was with him before

05:58he had like 30 phone calls i said just see me later they come they're all calling scott turner

06:03who's doing wonderful work recommendation of ben ben when ben you know recommends you i have no choice

06:13right but you're doing great you're doing great attorney general pam bondy she's slightly busy

06:20she's on the busy side with all of the you have a big assortment of everything when you think of it

06:27she's got every form of crime known to mankind and womankind too you always have to say that as a

06:33politician but she's doing incredible work director of national intelligence tulsi gabbard tulsi thank you

06:40good job a man that i can't talk about because he goes undercover most of the time his whole life is now

06:49undercover but he's central casting when you get to see him i tell you he's a handsome guy

06:53he's if i was casting a movie for the cia i'd put this guy in it director of the cia john ratcliffe

06:59where's john john see he's undercover he's here but he's undercover he's perfect

07:07u.s trade representative jameson greer another busy one huh jameson good

07:15and another one who's negotiating along with scott and jameson he's negotiating all the time he

07:22doesn't want to talk about he can't he has no life howard lutnik commerce he has no life

07:28and a very special person friend of mine for a long time and she's doing an unbelievable job at

07:37small business which is really big business you know when you add up all that small business it's

07:41probably the biggest bank in the world but she is really capable and doing a fantastic job of working

07:49with linda mcmahon also on the student loans getting them paid up administrator kelly loffler

07:57kelly thank you very much

07:58and we're also joined by some special senators roger marshall roger roger you are you are a great guy

08:09whenever i have a problem he's calling sir don't worry about it i say thanks roger it's easy for you

08:15to say roger but he always is so good he's a good man james lankford james i saw you on television

08:22you were fantastic on television james was defending me on television something that's not easy to do but

08:29he did a good job thank you james and mark wayne mullen mark wayne where are you don't ever fight

08:37mark wayne yep thank you mark wayne don't ever fight him he was a fighter and cindy hyde smith

08:44is here cindy hi cindy wow and we have represent thanks cindy you're doing great i looked at your

08:52numbers you're very popular you don't need me to go out and campaign with you this year huh isn't that

08:57good representatives mark harris mary miller gary palmer marjorie taylor green robert atterholt

09:08jason smith chris smith tim walberg and josh brentkeen uh thank you all for being here

09:17and we have some others but i can't see them i i just can't cannot see them so i'm going to get

09:25myself in trouble they'll never vote for me again ben that's the problem you know if you don't

09:29mention hi mary but mary will thank you also to senior advisor pastor paula right white who's been

09:36so incredible she's been right from the beginning paula right and we had like a 94 percent poll number

09:44and 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

09:51we don't like him we don't like i'm telling you he's done more for us than anybody oh okay and she

09:57got us up to about 94 percent and my old friends they couldn't believe that i got that kind of a

10:03number with you understand but you have done a great job and jenny corn has done an unbelievable job

10:11jenny

10:11and you know they work right out of the white house they've never done that that's never been done

10:17before no other president allowed that i think you know they say separation they say separation

10:24between church and state they told me i said all right let's forget about that for one time

10:29we said really the separation i don't know is that a good thing or a bad thing i'm not sure

10:34but whether there's separation or not you guys are in the white house where you should be

10:40and you're representing our country and we're bringing religion back to our country

10:45and uh it's a big deal and i want to say hello john the most talented man standing here today he's

10:54one of the most successful artists and uh his song is one of the most favored by people of religion

11:02that i can tell you john you've done a great job i always say he's the husband of paula white but

11:07actually he's very successful it's always that's always tough to live with right john but not really

11:12because you have an incredible wife that you're proud of right well that's good oh he just gave

11:17her a kiss that's the first time they've kissed in years i'm only kidding

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