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USA: Trump hails final tax-cut plan ‘great Christmas gift’02:29

USA: Trump hails final tax-cut plan ‘great Christmas gift’

United States, Washington DC
December 17, 2017 at 00:07 GMT +00:00 · Published

Journalist: "The country is 20 trillion in debt, the economy is.."

Donald Trump, US President:"Well this is going to bring money in, for example,we think four trillion dollars will come flowing back into the country. That's money that's overseas. That's stuck there for years and years. It was two and a half trillion, then it was three and a half, it's probably over four trillion dollars. This is money that's been stuck there for years and it's going to come pouring back into the country. So that'll be one. And I will say because of what we've done with regulation and other things, our economy is doing fantastically well. But it has another big step to go and it can't take that step unless we do the tax bill."

Journalists: *inaudiable questions*

Donald Trump, US President:"Well, we have a tremendous spirit for the tax reform. This is going to be one of the great Christmas gifts to middle income people. The Democrats have this you know the soundbite, the standard soundbite, before they even know what the bill is all about. They talk about for the wealthy. This is going to be one of the great gifts to the middle income people of this country that they've ever got for Christmas."

Journalists: *inaudiable questions*

Donald Trump, US President:"Well what'll happen is, at that the end, whichever the administration is in years from now, they'll make it and maybe can even make it more generous if we can get the economy like it should be. The economy now has hit 3 percent. Nobody thought it would be anywhere close. I think we can go to 4, 5 and maybe even 6 percent, ultimately. Each percentage point is two and a half trillion dollars. We are back, we're really going to start to rock. We need this as our final push and you're going to see some numbers that are great. But most importantly, you're going to see great job numbers. Jobs are going to come pouring back into this country, which we need very much. Thank you everybody, we're going to Camp David now.”

US President Donald Trump called his tax-cut plan “one of the great Christmas gifts to middle income people” after its final unveiling in Washington DC on Saturday.

Trump appeared triumphant telling reporters that “we think four trillion dollars will come flowing back into the country.” He added “this is going to be one of the great gifts to the middle income people of this country that they've ever got for Christmas."

The tax-cuts, the biggest since former President Ronald Reagan’s tax cuts in 1986, have been slammed as beneficial only to corporations which would see their tax rates slashed from 35 percent to a potential 21 percent.

USA: Trump hails final tax-cut plan ‘great Christmas gift’02:29
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Journalist: "The country is 20 trillion in debt, the economy is.."

Donald Trump, US President:"Well this is going to bring money in, for example,we think four trillion dollars will come flowing back into the country. That's money that's overseas. That's stuck there for years and years. It was two and a half trillion, then it was three and a half, it's probably over four trillion dollars. This is money that's been stuck there for years and it's going to come pouring back into the country. So that'll be one. And I will say because of what we've done with regulation and other things, our economy is doing fantastically well. But it has another big step to go and it can't take that step unless we do the tax bill."

Journalists: *inaudiable questions*

Donald Trump, US President:"Well, we have a tremendous spirit for the tax reform. This is going to be one of the great Christmas gifts to middle income people. The Democrats have this you know the soundbite, the standard soundbite, before they even know what the bill is all about. They talk about for the wealthy. This is going to be one of the great gifts to the middle income people of this country that they've ever got for Christmas."

Journalists: *inaudiable questions*

Donald Trump, US President:"Well what'll happen is, at that the end, whichever the administration is in years from now, they'll make it and maybe can even make it more generous if we can get the economy like it should be. The economy now has hit 3 percent. Nobody thought it would be anywhere close. I think we can go to 4, 5 and maybe even 6 percent, ultimately. Each percentage point is two and a half trillion dollars. We are back, we're really going to start to rock. We need this as our final push and you're going to see some numbers that are great. But most importantly, you're going to see great job numbers. Jobs are going to come pouring back into this country, which we need very much. Thank you everybody, we're going to Camp David now.”

US President Donald Trump called his tax-cut plan “one of the great Christmas gifts to middle income people” after its final unveiling in Washington DC on Saturday.

Trump appeared triumphant telling reporters that “we think four trillion dollars will come flowing back into the country.” He added “this is going to be one of the great gifts to the middle income people of this country that they've ever got for Christmas."

The tax-cuts, the biggest since former President Ronald Reagan’s tax cuts in 1986, have been slammed as beneficial only to corporations which would see their tax rates slashed from 35 percent to a potential 21 percent.

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