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President Trump Jobs Announcement CSPAN November 2, 2017 1:18pm-1:41pm EDT
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would hang you. so that happened quite frequently. that was, you know, what you call frontier justice or rough justi justice. >> on sunday, 2:00 p.m. eastern on american history tv we'll tour ft. dakota to explore the story of the u.s. military's role in the west. >> the fort at sioux falls, it was called ft. dakota, it was one of the many forts established throughout the region, and it was really i think established to provide a sense of safety and security for those settlers here. >> and we'll also take a driving tour of sioux falls with hills attorney john lock. >> we are on one of the main thoroughfares of sioux falls, south dakota, phillips avenue, named for one of the first settlers of dakotaer to toir, josiah phillips. >> watch c-span's cities tour of sioux falls, south dakota, saturday at 6:00 p.m. eastern on book-tv and sunday at 2:00 p.m.
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on american history tv on c-span3. president trump announced that broadcom limited, a semiconductor company, is returning its headquarters to the u.s. from singapore. we'll watch this as we wait for white house briefing which is set for 1:30 eastern. >> pennsylvania. what a great state. we have federal reserve coming up in a little while as you know. we just had a big meeting on daca with some of the senators and we have great things to say about that. you'll be hearing about that very soon. and the big thing of course is tax cuts and jobs. and that's happening very
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rapidly and it's been met with really a great response. but i want to thank everybody for this great day and it's a great day for the american worker in particular. over the past ten months we of witnessed something remarkable happening to our country. have you all noticed? a lot of change. a lot of difference, right, kevin, would you say? setting another big record on the stock market, hit close to 60 records on the stock market since knoch the 8th, that very big day. the stock market is at an all-time high, unemployment is at its lowest level if almon al7 years, we've had two straight quarters of 3% or more economic growth. for those of you that don't understand that, this is a tremendous increase over where it was and we're going higher. jobs have been offshored to so many countries that we're now coming back and now those jobs
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and xans a companies are coming back to our great american home. i want to thank the majority leader, kevin mccarthy, for joining thus afternoon. he has been so terrific in so many ways and i will tell you he's working very hard on tax cuts, in fact so, hard that i'm surprised to see you here. this must be truly a great company, which it is, you'll be hearing in two seconds, for you to be here, because you've been pretty brizzi today. >> i just left the press conference. >> you did, and that was a good press conference too. we're thrilled to welcome broadcom limited, and its ceo hop tan to the white house, to announce that broadcom limited is moving its headquarters from singapore back to the united states. so i want to thank you. broad caminero limited is a fortune 100 company, one of the really great, great companies. they manufacture technology and
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parts. they employ over 7,500 american workers in many states across our country. we're looking forward to seeing that number grow very substantially, which is now anticipated to do. they'll move back to the united states and to the united states is something very, very special and very important. and you've been seeing this happen with numerous companies and at a minimum expansions and sometimes plants. with this commitment, more than $20 billion in annual revenue will come back to our cities, towns, and the american workers. today we're joined by some of the incredible men and women from their manufacturing plant in the great state of pennsylvania. that's a state i like very much. i love pennsylvania. i went to school in pennsylvania. you're skilled in your craft, you take pride in your job, and because of you our nation's trademark made in the usa is
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respected all over the world once again. and we're telling people, made in the usa is a big deal now. we're bringing it back. when i was growing up, when i was a young boy, you'd say made in the usa, that meant something. well, it means something again. my administration is working every day to make the united states the most attractive place in the world to do business so that more and more companies like broadcom come back to our shores, grow their businesses and create more and more american jobs, and you see it happening on a daily basis. that's why i've already slashed more unnecessary job-killing regulations than any president in history. that inclulds their entire term, and i of only been here for about ten months. and we're not finished yet, believe me. we're not even close. and that's why we're working to give the american people a giant tax cult for christmas. we are giving them a big
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beautiful christmas present in the form of a tremendous tax cut. it will be the biggest cut in the history of our country. it will also be tax reform and it will create jobs. today the house ways and means committee unveiled a historic tax reform bill that will create tremendous prosperity for our nation. we will provide a massive tax cut for american families. we will make the tax code simpler and fair. it's called simplification. we will restore our competitive edge by reducing business taxes for the first time in more than 30 years, and we will bring back trillions and trillions of dollars that's now parked overseas so that money can be put to work, rebuilding the united states of america as opposed to rebuilding other parts of the world. again, i want to thank broadcom ceo hop tan for joining us
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today. he's a highly, highly respected man, a great, great executive, the job he's done is an incredible job. but what he's doing is committing to massive amounts of american jobs. when hop told me about this move, he said, mr. president, we want to be an american company. we're hearing that all of these days, we're hearing it more and more, we're hearing it -- frankly, i'm hearing it every single day. people are coming in at levels that you will be seeing over the next short period of time. you're seeing it in so many ways. youp oar seeing it when you just look at what's happening with the stock market. and look at the enthusiasm indexes, which are the highest they've ever been. the business enthusiasm in this country is at record levels, and we're hearing it from everything from tax reform, which is really spearheading it, and yet i think it's really a feeling for our
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country that people haven't had in a long time name see what's going on with regulation. they see the tax move and that's going to happen, and i really believe we'll have it done before christmas. i consider that to be one of the great christmas presents. and not just the reform and not just the tax cuts but we will be creating jobs like you have rarely seen in this country. so we never get tired of that pledge because we never tire of returning wealth to our country, jobs to our citizens, and honor to our great american workers. i honor our workers. these are incredible people. they of worked hard. you go back 20 years and essentially they haven't had that salary increase that they should have had. but now you see it, wages are starting to raise. so we're very proud of our country. hock, i'd like to have you say a few words. again fshgts on behalf of not
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only the folks from pennsylvania behind me but all of the united states, i want to thank you vsm for choosing us. appreciate it. thank you. >> thank you, mr. president. thank you for having us here. it's truly an honor, a rare honor. before i launch into something else, let me say my mother could never have imagined that one day her son will be here in the oval office in the white house standing beside the president of the united states. thank you. >> and my mother too. >> you see, back in 1971, i was just an 18-year-old skinny kid growing up in malaysia, okay. but who had just gotten, who had
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just received an opportunity to enroll in the best engineering school in america. in fact, in the world, m.i.t. and my parents could not have aforded to send me to college much less m.i.t. so it's rather amazing, really amazing to me even today that this great american educational institution took a chance on me, sight unseen, gave me a scholarship to pursue the american dream. so my appearance here today in large part has been inspired by my desire to give back to this country, which i have received so much from. i run broadcom today, and broadcom is the embodiment of
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the legacy of innovation of three great american technology leaders -- bell labs, hewlett-packard, and more recently broadcom corporation. but in eras past, when the conditions in this country made it harder for companies to compete in global markets, the intellectual property of these leading companies globalized and moved offshore. but i am american as are nearly all my direct managers, my board members, and over 90% of my shareholders, so today we are announcing that we are making america home again.
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thank you. our commitment to redomicile into the united states is a huge reaffirmation to our shareholders, to the 7,500 employees we have across 24 states in america today, that america is once again the best place to lead a business with a global footprint. thanks to you, mr. president, business conditions have steadily improved. the proposed tax reform package will level the global playing field and allow us to compete effectively in worldwide markets.
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our move to domicile into the u.s. will bring in $20 billion of annual knews into this ton kri. okay. from this pace here in the united states, each year we will invest over $3 billion a year in research and engineering and another $6 billion a year in manufacturing, creating high-paying tech jobs similar to the ones held today by my co-workers behind me who have made the trip down from pennsylvania to be with us here today. so again, thank you, mr. president. i look forward to working to create and to achieve the american dream for everyone. thank you.
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>> thank you, everybody. >> mr. president, why is it a great bill? >> it's going to be very special wp you'll see. we'll be talking about a little later and i seal see you in a little bit to announce the new head of the federal reserve. thank youp. >> our live picture from the white house briefing room this afternoon where shortly spokesman sarah sanders will update reporters. she'll be joined today by national security adviser h.r. mcmaster and they'll talk about president trump's upcoming trip
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you lock at trumbull or portage county, my district, you dmeed money on the ground to help, money for law enforcement, money for the first responders, addressing a lot of these issues and mostly you need the money for treatment. i mean, this is not alcohol addiction. these drugs are very potent. a 30-day or 60-day stay in rehab is not enough. you need probably three, four, maybe even five months to get yourself off of this stuff and get yourself well. and i think sometimes a lot of people just don't understand the level of devastation in some of these communities. >> you're talking money, nationwide, how much would you like to see going towards this crisis? >> well, we isn't a let or the the president a few months back to fully fund all of the programs and the comprehensive addiction and recovery act we passed a few months ago that was a bipartisan bill, we had democrats and republicans working on it. we need about $10 billion i think just to fully fund those programs. this is a national epidemic.
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and in the midst of the conversation we're having now about tax cuts and what the budget looks like, moving in the wrong direction. >> $10 billion, is any of that money included in the recommendations that came out yesterday from the president's opioid crisis -- the opioid crisis report the president's commission on the crisis led by chris christie? any funding in there? >> i think we have some recommendations in there but the reality of it is you can make recommend dapgss all you want. i sent a letter asking for a lot more money, but at the end to have day if you don't have it in the budget, don't put it in the public health account in the declaration for a public health emergency, will won't be any money on the ground for people trying to work it. ohio, west virginia, kentucky, some hard-hit arias. >> one chart to show you in some of these hard-hit areas, a business insider chart showing the deaths per 100,000 people when it comes to opioid
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overdoses. west virginia in the mid-30s range, ohio where you're from just over 20 per 100,000 people, kentucky just below that, pennsylvania, those are some of the highest rates in the country. how much of your time back home do you spend on this issue? >> it literally have two staff people working almost full-time on the opioid issue because there are so many meetings, there's so much grassroots activity, plus here in washington, d.c., chairing the addiction treatment and recovery caucus, we're spending a lo of time here on the legislative side through the budget, through, you know, legislative activities to try to deal with this issue. so we are spending a good deal of time trying to address this issue. and, you know, just for an example, my district director rick leonard, who runs our district offices in ohio, sends our staff a text, you know, a couple weeks ago of right across the street from him in a nice
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neighborhood, decent neighborhood, in niles, ohio, you know, ambulance there, woman across the street. this is happening in all of our neighborhoods regardless of wealth, regardless of income, regardless of color. it's dominating what's happening in our communities. >> drug debts in 2016 expected to exceed 60,000, a record when the final numbers are available. can you say it's getting better? >> no. no, not at all. just to give people perspective, that's more people than we lost during the vietnam war. in one year. >> one year. >> so we have a vietnam war happening every year now. and no end in sight. more fentanyl, which is more potent than heroin, more core fentanyl, which is more potent than fentanyl is, extremely addictive and, you know, we need a public relations campaign as well to make sure our kids recognize that even trying this
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stuff can kill you. it's important for us to get that message out to them. >> congressman tim ryan here for about the next 15 or 20 minutes this morning. taking your calls. let me give the phone numbers. independents, 202-626-0205 this morning. want to hear your thoughts, your questions for him. he is the co-chairman of the congressional addiction treatment and recovery caucus. we'll give you john first from wisconsin. line for democrats. john, go ahead. >> caller: okay. i just have one thing to say. you know, nobody talks about the law and how it's implemented on people that are selling drugs, and i think that if they, you know, put more teeth into the law that it would stop a lot of people from selling drugs.
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they would not be available, and that includes the drugs that have come across the border. you know, it's the same thing. we don't need a wall down in mexico between there and texas. we need better laws. and there isn't any politicians around that are talking about the law and how it pertains to illegal drugs. that's my question. >> congressman. >> well, there are laws on the books now. i'm working with tom rooney, a republican out of florida, on making it easier for us to bust people who are pushing fentanyl, which a lot of that is coming in from china, so we of got to work with the mexican government -- >> good afternoon. i know you guys are probably very sad since we're not going to get a lot of days like this together over the next couple weeks since we'll be traveling. but for those of you on the trip, i look
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