THE ECONOMY WILL
AVERAGE 3.5% GROWTH AND CREATE A
TOTAL OF 25 MILLION NEW JOBS.
YOU CAN VISIT OUR WEBSITE.
JUST LOOK AT THE MATH. IT WORKS.
THIS GROWTH MEANS THAT OUR JOBS
AND PLANS, INCLUDING OUR CHILD
CARE REFORMS THAT IVANKA TRUMP,
MY DAUGHTER, ARE SO INVOLVED IN
WILL BE COMPLETELY PAID FOR IN
COMBINATION WITH PROPOSED BUDGET
SAVINGS.
IT WILL BE DEFICIT NEUTRAL.
IF WE REACH 4% GROWTH, IT WILL
REDUCE THE DEFICIT.
IT WILL BE ACCOMPLISHED THROUGH
TAX,PLETE OVERHAUL OF OUR
REGULATORY, ENERGY AND TRADE
POLICIES.
RIGHT NOW, UNDER THE
OBAMA/CLINTON POLICIES, THE
ECONOMY GREW ONLY 111% LESS
ORDER YOUR AND NUMBER THAT WAS
SHOCKING TO PEOPLE THAT DO THIS
PROFESSIONALLY AND FOR LIFE.
IT TRANSLATES INTO MILLIONS OF LOST JOBS AND CERTAINLY MILLIONS
OF LOST GOOD JOBS.
BECAUSE WE DON'T HAVE GOOD JOBS
ANYMORE.
THOSE JOBS ARE GONE AND GOING.
THIS IS THE WEAKEST SO-CALLED
RECOVERY SINCE THE GREAT
DEPRESSION.
OVER THE LAST SEVEN YEARS, THE ECONOMY ONLY GREW 2.1%, THE
7-0 -- PERIOD IN 70 --
70 YEARS.
UNDER REAGAN, IT WOULD HAVE
MEANT 10 MILLION MORE JOBS.
PERHAPS MOST SHOCKINGLY, ONE IN
SIX MEN AGED 18 TO 34 ARE EITHER
IN JAIL OR OUT OF WORK.
MEANWHILE, ANOTHER 2 MILLION
HISPANIC AMERICANS HAVE BEEN
ADDED TO THE RANKS OF THOSE IN
POVERTY.
ON TOP OF IT ALL, THE
OBAMA/CLINTON POLICIES HAVE
DOUBLED THE NATIONAL DEBT.
IT TOOK MORE THAN 230 YEARS FOR
THE UNITED STATES TO ACCUMULATE
ITS FIRST $10 TRILLION IN DEBT.
IT TOOK PRESIDENT LESS THAN
EIGHT YEARS TO ADD ANOTHER $10
TRILLION.
NOW, IT WOULD BE ONE THING IF THAT MONEY HAD BEEN USED TO
COMPLETELY REBUILD OUR NATION,
OUR MILITARY, OUR
INFRASTRUCTURE.
BUT THAT DIDN'T HAPPEN.
INSTEAD, THE OPPOSITE HAPPENED.
AND, INED OUR DEBT
RETURN, WE HAVE DILAPIDATED
INFRASTRUCTURE, FAILING SCHOOLS,
A BADLY DEPLETED MILITARY,
GREATEST PEOPLE ON EARTH AND
THEY HAVE A BADLY DEPLETED
MILITARY, ITS EQUIPMENT OLD AND
TIRED. AND ANOTHER 14 MILLION PEOPLE
WHO HAVE LEFT THE WORKFORCE.
SOER HAS SO MUCH MONEY BUT
POORLY AND SO UNWISELY.
BUT WE ARE GOING TO TURN THAT
ALL AROUND AND HERE IS HOW.
IT BEGINS WITH BOLD, NEW TAX
REFORM.
DON'T WORRY. THEY ARE GOING DOWN, NOT UP.
THEY ARE GOING DOWN. PEOPLE WERE CONCERNED THEY WERE
GOING UP THERE IT -- GOING UP.
DEEPLY CODE WOULD BE
REDUCED AND REDUCE THE TAX
BRACKETS FROM SEVEN TO THREE.
THE NEW BRACKETS WILL BE 12, 25
AND 33%.
PLAYNCOME AMERICANS WILL
-- WILL PAY KNOWING COME TAX AT
ALL PARENT OUR PLAN WILL REMOVE
MILLIONS AND MILLIONS OF WORKERS
FROM THE INCOME TAX ROLE
ENTIRELY SO THAT ALL OF THAT
WORK THAT WE DO IN WASHINGTON
CAN BE DISCONTINUED.
TAX, BUT THEY WILL
PAY TAX WHEN THEY START MAKING A CERTAIN AMOUNT OF INCOME.
, STREAMLININGTES
DEDUCTIONS, AND SIMPLE FIND THE
PROCESS, WE WILL ADD MILLIONS AND MILLIONS OF NEW JOBS.
IN ADDITION, BECAUSE WE HAVE
STRONGLY CAPPED DEDUCTIONS FOR
THE WEALTHY AND CLOSED
SPECIAL-INTEREST LOOPHOLES, THE
TAX RELIEF WILL BE CONCENTRATED
ON THE WORKING AND MIDDLE CLASS
TAXPAYER.
THEY WILL RECEIVE THE BIGGEST
BENEFIT AND THEY WON'T EVEN BE
CLOSE.
THEY HAVE BEEN FORGOTTEN.
WE ARE NOT GOING TO FORGET THEM.
THEY HAVE BUILT OUR COUNTRY.
WE WILL NOT FORGET.
THANK YOU.
THIS IS A WORKING AND
MIDDLE-CLASS TAX RELIEF
PROPOSAL.
RELIEF FOR THESE
WORKERS WILL BE EXPANDED BY MY
CHILD CARE PROPOSALS THAT I HAVE
WORKED ON WITH MY DAUGHTER
IVANKA.
THESE PROPOSALS ARE CENTRAL AND
ARE VERY, VERY POWERFUL CENTRAL
ELEMENT OF OUR COMPANY TAX
REFORM AND ECONOMIC GROWTH PLAN.
BE ABLE TO FULLY
DEDUCT THE AVERAGE COST OF
CHILDCARE FROM THEIR TAXES,
INCLUDING STAY-AT-HOME PARENTS.
BECAUSE THIS DEDUCTION IS CAPPED
, IT WILL BE DISPROPORTIONATELY
AND IT WILL BENEFIT WORKING AND
MIDDLE-CLASS FAMILIES.
GOT TO TAKE CARE OF OUR
MIDDLE-CLASS FAMILIES.
LARGERS YOU MAKE, THE
SHARE OF YOUR INCOME YOU CAN
EXCLUDE FROM TAXATION.
PARENTS WILL ALSO BE ABLE TO ENROLL A TAX-FREE, DEPENDENT
CARE SAVINGS ACCOUNT FOR THEIR CHILDREN OR ELDERLY RELATIVES.
LOW INCOME HOUSEHOLDS WILL
BENEFIT FROM BOTH AN EXPANDED
EARNED INCOME TAX CREDIT IN THE
FORM OF CHILDCARE REBATES AND A
MATCHING $500 CONTRIBUTION
FURTHER SAVINGS ACCOUNT.
A MARRIED COUPLE EARNING $50,000
PER YEAR WITH TWO CHILDREN AND
8000 DOLLARS IN CHILD CARE
EXPENSES WILL SAVE 35% FROM
THEIR CURRENT TAX BILL. THAT IS A TREMENDOUS SAVINGS.
AND THEY'LL HAVE A BETTER LIFE.
A MARRIED COUPLE EARNING $75,000
PER YEAR WITH TWO CHILDREN AND
$10,000 IN CHILD CARE, EXPENSES
WILL RECEIVE A 30% REDUCTION IN
THEIR TAX BILL.
BY CONTRAST, SOMEONE EARNING $5
MILLION, LIKE THE PEOPLE IN THIS
ROOM, WILL RECEIVE VIRTUALLY NO
CHANGE IN THEIR TAX BILL AT ALL.
ONE OF OUR GREATEST JOB CREATION
OUR 15% IS GOING TO BE
BUSINESS TACT RATE, DOWN FROM THE CURRENT 35% RATE, A
REDUCTION OF MORE THAN 40%.
I KNOW THAT IS WHAT YOU PEOPLE
HAVE BEEN WINNING FOUR.
IN EXPLOSION OF NEW JOBS.
AMAZING.E
YOU WATCH. IT WILL HAPPEN.
WE WILL ALLOW UNITED
STATES-BASED MANUFACTURERS TO
FULLY EXPENSE NEW PLANTS AND
EQUIPMENT.
BIG, BIG DEAL.
ON TOP OF THAT, WE WILL BRING
BACK TRILLIONS IN BUSINESS
WEALTH AND THIS IS WEALTH THAT
PARKED OVERSEAS --
OVERSEAS. NO ONE KNOWS HOW MUCH IT IS.
SOME PEOPLE THINK IT IS $2.5
TRILLION.
I THINK IT IS MORE LIKE $5
TRILLION.
THEY WILL BE ABLE TO BRING IT
BACK AT A RATE OF ONLY 10%
INSTEAD OF 35%.
AND WHO WOULD BRING IT BACK AT
35%?
OBVIOUSLY NOBODY, BECAUSE NOBODY IS DOING IT.
I THINK IT IS GOING TO BE
SOMETHING THAT WILL BE SO
PHENOMENAL, FAR BEYOND WHAT
PEOPLE EVEN THINK HE ERRED BY
TAXING IT AT 10% INSTEAD OF 35%,
ALL OF THIS MONEY WILL COME
ROARING BACK INTO OUR COUNTRY
AND LOTS OF GOOD THINGS WILL
START TO HAPPEN.
WE WILL TURN AMERICA INTO A NEW
MAGNET FOR NEW JOBS AND THAT
MEANS JOBS IN OUR POOREST
COMMUNITIES.
SO IMPORTANT.
COMPANIESNOW, WE HAVE
LEAVING THE COUNTRY BECAUSE TAXES ARE TOO HIGH.
BUT WE ACTUALLY HAVE COUNTRIES
LEAVING -- COMPANIES LEAVING THE
COUNTRY TO GET THEIR MONEY. AND THAT'S A FIRST.
NOBODY BELIEVES IT, BUT THAT'S
HAPPENED.
NEXT, REGULATIONS.
ONE OF THE KEYS OF UNLOCKING
GROWTH IS SCALING BACK YEARS OF
DISASTROUS REGULATIONS, UNILATERALLY IMPOSED BY
OUT-OF-CONTROL THE AIRCRAFT.
REGULATIONS -- OUT-OF-CONTROL
BUREAUCRATS.
THE REGULATION INDUSTRY IS ONE
BUSINESS I WILL ABSOLUTELY PUT
TO AN END DAY 1.
IN 2015 ALONE, FEDERAL AGENCIES
3300 FINAL RULES AND
REGULATIONS, UP FROM 2400 THE
PRIOR YEAR.
EVERY YEAR, OVER REGULATION
COSTS OUR ECONOMY TWO DOLLARS
TRILLION A YEAR AND REDUCES --
$2 TRILLION A YEAR AND REDUCES HOUSEHOLD WEALTH BY $15,000.
I PROPOSE A MORATORIUM ON NEW
FEDERAL REGULATIONS THAT ARE NOT
COMPELLED BY CONGRESS OR PUBLIC
SAFETY.
AND I WILL ELIMINATE ALL
NEEDLESS AND JOB ONLY
REGULATIONS NOW ON THE BOOKS.
AND THERE ARE PLENTY OF THEM.
THIS INCLUDES ELIMINATING SOME
OF OUR MOST INTRUSIVE BORDERS OF, LIKE THE
THE U.S. RULE.
IT ALSO MEANS SCRAPPING THE EPA
SO-CALLED CLEAN POWER PLAN WHICH
WOULD COST $7.2 BILLION A YEAR.
OBAMA/CLINTON DIRECTIVE
WILL SHOW DONE MOST, IF NOT ALL,
COAL-POWERED ELECTRICITY PLANTS.
ALL OVER THE COUNTRY, THEY ARE SHUTTING DOWN.
HILLARY CLINTON
SAID. SHE WANTS TO SHUT DOWN THE
MINORS, JUST LIKE SHE WANTS TO
THE STEEL MILLS AND
THE STEELWORKERS AND WE ARE NOT
GOING TO LET THAT HAPPEN.
WE ARE GOING TO PUT OUR GREAT
MINERS AND OUR STEELWORKERS BACK
TO WORK. ENERGY REFORM IS CENTRAL TO OUR
PLAN AS WELL.
ACCORDING TO HERITAGE
FOUNDATION, BY 2030, PRESIDENT
OBAMA'S ENERGY RESTRICTIONS WILL
ELIMINATE ANOTHER HALF A MILLION MANUFACTURING, REDUCE ECONOMIC
OUTPUT BY $2.5 TRILLION AND
REDUCE INCOMES BY $7,000 PER
PERSON.
YOU HAVE WORKERS AND
I SEE THEM ALL THE TIME AND I MEET THEM ALL THE TIME AND THEY
ARE PART OF THIS MASSIVE GROUP
OF PEOPLE THAT HAVE JUST COME
ONTO THE -- TO THIS MOVEMENT TO
THAT YOU HAVE WORKERS MAKING
LESS MONEY TODAY THAN THEY MADE
18 YEARS AGO IN REAL WAGES.
WORKING MUCH HARDER,
OFTENTIMES BECAUSE OF THE DISASTROUS OBAMACARE THAT WE ARE
GOING TO REPEAL AND REPLACE.
OFTENTIMES, THEY ARE WORKING TWO
JOBS.
SO THEY ARE WORKING HARDER, THEY
ARE OLDER, AND THEY ARE MAKING LESS.
LIKE ME.
I'M WORKING HARDER THAN I'VE
EVER WORKED ALSO.
BUT NOBODY CARES ABOUT THAT.
WHO CARES ABOUT THAT?
HILLARY CLINTON WANTS TO GO EVEN
FURTHER AND HER PLAN COULD COST
THE ECONOMY $5 TRILLION.
A TRUMP ADMINISTRATION WOULD
LIFT RESTRICTIONS ON ALL SOURCES
.F AMERICAN ENERGY PRODUCTION
ACCORDING TO THE INSTITUTE FOR
AMERICAN ENERGY RESOURCES, THIS
BY MOREREASE THE GDP
THAN $100 BILLION ANNUALLY.
ADD OVER 500,000 NEW JOBS
ANNUALLY TO INCREASE ANNUAL
WAGES BY MORE THAN $30 BILLION
OVER THE NEXT SEVEN YEARS.
INCREASED FEDERAL, STATE, LOCAL
TAX REVENUES BY ALMOST $6
TRILLION OVER FOUR DECADES.
INCREASE TOTAL ECONOMIC ACTIVITY
TRILLION OVER A
40-YEAR PERIOD. IN ADDITION, WE WILL STREAMLINE
THE PERMITTING PROCESS FOR ALL
ENERGY INFRASTRUCTURE PROJECTS,
WHICH ARE DESPERATELY NEEDED,
OFLUDING THE BILLIONS
DOLLARS IN PROJECTS HELD UP BY
PRESIDENT OBAMA CURRENTLY BEING
HELD UP. HE JUST WON'T APPROVE ANYTHING.
CREATING CALLIS MORE JOBS IN THE
PROCESS.
FINALLY COMES TRADE. THE FOUNDATION FOR EVERYTHING.
AMERICA'S ANNUAL TRADE DEFICIT
WITH THE WORLD IS NOW ALMOST
$800 BILLION A YEAR.
WHO'S NEGOTIATING THESE DEALS?
ANYBODY IN THIS ROOM NEGOTIATING
THESE WONDERFUL DEALS? THINK OF IT.
DEFICIT OFE TRADE
ALMOST $800 BILLION A YEAR.
THAT'S GOING TO CHANGE SO FAST.
BETWEEN WORLD WAR I AND THE YEAR
2000, THE UNITED STATES AVERAGED
A 3.5% GROWTH RATE.
BUT AFTER CHINA JOINED THE WORLD
TRADE ORGANIZATION, OUR AVERAGE
GROWTH RATE HAS BEEN REDUCED TO
ONLY 2%.
PRACTICES,RADE
PRODUCT DUMPING, CURRENCY
MANIPULATION, WHICH IS A BIG
ONE, AND INTELLECTUAL PROPERTY
THEFT HAVE TAKEN MILLIONS OF
JOBS AND TRILLIONS OF DOLLARS IN
,EALTH RIGHT OUT OF OUR COUNTRY
RIGHT OUT OF OUR COUNTRY.
SO SAD THAT WE ALLOWED THIS TO
HAPPEN.
POLITICIANS WERE
NOT WATCHING AND THE ONES THAT
WERE WATCHING WERE TAKEN CARE OF
IN SOME FORM BECAUSE THIS SHOULD HAVE NEVER BEEN ALLOWED TO HAVE
HAPPENED.
IT IS NO GREAT SECRET THAT MANY
OF THE SPECIAL INTERESTS FUNDING
MY OPPONENT'S CAMPAIGN ARE THE
SAME PEOPLE PROFITING FROM THESE
TERRIBLE TRADE DEALS.
THEY ARE TERRIBLE.
THEY ARE TERRIBLE FOR EVERYONE.
THE SAME SO-CALLED EXPERTS
ADVISING HILLARY CLINTON ARE THE
SAME PEOPLE WHO GAVE US NAFTA,
CHINA'S ENTRY INTO THE TRADE
WORLD ORGANIZATION, THE JOB
KILLING TRADE DEAL WITH SOUTH
KOREA, ANOTHER DISASTER, AND NOW
THE TRANSPACIFIC PARTNERSHIP
THAT THEY ARE PUSHING SO
STRONGLY.
THE VERDICT IS IN GOOD ALL OF
THE SPECIAL INTEREST THAT THE
MEDIA RACE TO COMMENT AND JUST
RACED TO COMMENTATE GET COMMENT
GET COMMENT ON,
EVERY SINGLE DEAL THEIR
PRIMITIVE, EVERY LIE AND EVERY
PREDICTION HAS CRASHED.
IT JUST CRASH.
WRONGE BEEN SO ABSOLUTELY
AND THEY'VE BEEN SO BAD FOR OUR
COUNTRY.
OUR MANUFACTURING BASE HAS CRUMBLED.
COMMUNITIES HAVE BEEN HOLLOWED
OUT.
WAGES HAVE DECLINED AND
HOUSEHOLDS ARE MAKING LESS TODAY
THAN THEY WERE IN THE YEAR 2000.
A DETAILED PLAN TO
REFORM OUR TRADE POLICIES AND BRING VAST NEW JOBS AND WEALTH
TO AMERICA.
-- WE DO NOT HAVE WEALTH.
WE ARE A DEBTOR NATION. THIS INCLUDES THE FOLLOWING
STEPS.
I AM GOING TO DIRECT THE SECRETARY OF COMMERCE TO
IDENTIFY EVERY VIOLATION OF
TRADE AGREEMENT THAT A FOREIGN
COUNTRY IS USING TO HARM OUR
WORKERS.ND OUR
THAT IS WHAT'S HAPPENING.
THEY ARE BEING HARMED AND OUR
COUNTRY IS BEING HARMED.
EVERY TOOL UNDER
AMERICAN AND INTERNATIONAL LAW
TO END THESE ABUSES AND I WILL USE OUR GREATEST BUSINESS
LEADERS AND FINEST NEGOTIATORS
-- AND I WILL TELL YOU, SOME OF
THEM ARE IN THIS ROOM RIGHT NOW
-- NOT ALL OF THEM, BUT SOME --
AND, KNOW WHO YOU ARE
HONESTLY, WE ARE GOING TO BE
CALLING ON YOU BECAUSE WE HAVE PEOPLE NEGOTIATING THE BIGGEST
DEALS IN THE WORLD, FAR BIGGER
THAN YOUR COMPANY DEALS.
LITTLE BYNY DEALS
COMPARISON TO ITS TRUE.
YOU LOOK AT SOME OF THESE TRADE
DEALS, HATE TO SAY IT, BUT YOUR
OPENINGS ARE PEANUTS.
BUT WE ARE GOING TO USE OUR
BEST.
RIGHT NOW, WE HAVE POLITICAL
HACKS NEGOTIATING THE BIGGEST,
MOST IMPORTANT DEALS IN THE
WORLD.
WE ARE GOING TO START WITH
NAFTA, WHICH IS CAUSING SO MUCH DAMAGE TO OUR COUNTRY.
ENTIRELY RENEGOTIATE
NAFTA INTO A DEAL THAT WILL EITHER BE A GOOD ONE FOR US AS A
COUNTRY AND FOR OUR WORKER OR WE
WILL TERMINATE IT UNTIL A
BRAND-NEW AND PRODUCTIVE DEAL
CAN BE SIGNED.
[APPLAUSE]
TO, WE ALSO AND WE HAVE
ARE GOING TO KEEP AMERICA OUT OF
TRANSPACIFIC PARTNERSHIP UNLESS
WE CAN DO SOMETHING THAT IS
PHENOMENAL AND I AM NOT SEEING
IT RIGHT NOW AND I CAN TELL YOU
THAT.
. AM NOT SEEING IT VER
I'M GOING TO INSTRUCT MY LABOR
SECRETARY TO LABEL CHINA -- I
LIKE CHINA. THEY ARE MY TENANT.
THEY BUY CONDOS ALL THE TIME.
THEY ARE JUST FINE. BUT YOU KNOW WHAT?
THEY ARE A CURRENCY MANIPULATOR
AND WE ARE GOING TO APPLY
TARIFFS TO ANY COUNTRY THAT
DEVALUES ITS CURRENCY TO GAIN AN UNFAIR ADVANTAGE OVER THE UNITED
STATES.
THEY ARE A MANIPULATOR,
GRANDMASTER LEVEL.
HAVE BEENLLOW IT TO
AND ARE PEOPLE AND OUR
REPRESENTATIVES AND OUR
POLITICIANS DON'T HAVE EVEN A
LITTLE CLUE AS TO HOW TO PLAY
THE GAME.
WE HAVE A TRADE DEFICIT THIS
YEAR WITH CHINA OF APPROXIMATELY
$500 BILLION.
WHAT KIND OF A DEAL IS THAT?
AND THIS HAS BEEN GOING ON FOR
YEARS.
200 BILLION DOLLARS, $300
BILLION, $400 BILLION -- FOR
YEARS.
I'M GOING TO INSTRUCT THE UNITED
STATES TRADE REPRESENTATIVE TO
BRING TRADE CASES AGAINST CHINA. CHINA'S UNFAIR SUBSIDY BEHAVIOR
IS PROHIBITIVE BY THE TERMS OF
ITS ENTRANCE INTO THE WTO.
AND I INTEND TO ENFORCE THE
RULES.
AND I'M SURE WE'LL MAKE A DEAL
SOMEWHERE ALONG THE WAY.
BUT THEY ARE NOT LAYING FAIRLY
AND OUR POLITICIANS DON'T
UNDERSTAND HOW TO PLAY THE GAME.
[APPLAUSE]
IT IS CHINA DOES NOT STOP ITS
ILLEGAL ACTIVITIES, INCLUDING
ITS THEFT OF AMERICAN TRADE
SECRETS AND INTELLECTUAL PROPERTIES, I WILL APPLY COUNTER
MAILING DUTIES UNTIL CHINA CEASES AND ASSISTS.
YOU KNOW -- ANDY CYSTS -- CEASES
AND THDESISTS.
YOU KNOW WHAT THAT MEANS.
TO THE UNITED STATES
INTERNATIONAL TRADE COMMISSION,
IMPROVED PROTECTION OF AMERICA'S
INTERNET -- JUST THINK OF THIS
-- IMPROVE PROTECTION OF
AMERICA'S INTELLECTUAL PROPERTY
IN CHINA WOULD ADD 2 MILLION
JOBS HE YEAR WITHIN THE UNITED
STATES EVERY SINGLE YEAR.
AND WE DO NOTHING.
WE ALLOW THEM TO GET AWAY WITH
IT. WHO CAN BLAME THEM AND I DON'T
BLAME THEM AT ALL. IF YOU CAN GET AWAY WITH IT,
THEY ARE GOING TO GET AWAY WITH
IT.
WE ARE GOING TO STOP A OUTFLOW
OF JOBS FROM OUR COUNTRY AND
OPEN A NEW HIGHWAY OF JOBS BACK
INTO OUR COUNTRY.
HERE'S HOW THE PLAN ADDS UP.
WE ARE PROPOSING A $4.4 TRILLION
TAX CUT THAT WILL SCORE AS A
$2.6 TRILLION UNDER DYNAMIC
GROWTH MODELS, WHICH IS HOW
TAXES SHOULD BE SCORED.
[APPLAUSE]
THIS INCLUDES THE CHILD CARE
PLAN THAT WE ANNOUNCED THE OTHER DAY.
OUR ECONOMIC TEAM HAS FURTHER
GROWTH-INDUCEDE
SAVINGS FROM TRADE, ENERGY AND REGULATION REFORM WEALTH'S --
WILL SHAVE ANOTHER $8.3 TRILLION
OFF THE REMAINING DEBT.
THIS MONEY CAN ALL BE SAVED
THROUGH SIMPLE COMMON SENSE
REFORMS.
SAVE ONE PENNY OF
EACH FEDERAL DOLLARS SPENT ON
NONDEFENSE AND NON-ENTITLEMENT
PROGRAMS, WE CAN SAVE ALMOST $1
TRILLION OVER THE NEXT DECADE.
ONE PENNY. WE COULD ALL DO THAT.
A TRILLION.
AGAIN, THIS IS SPENDING THAT
DOES NOT TOUCH DEFENSE.
BUILD UP OURVE TO
MILITARY, WHICH IS SO TERRIBLY
DEPLETED. AND THAT DOES NOT TOUCH
ENTITLEMENTS.
3.5%R PLAN EXCEEDS THE
10-YEAR GROWTH AVERAGE, THEN OUR
JOBS PROPOSED WILL ACTUALLY
REDUCE AND START REALLY,
.TRONGLY REDUCING THE DEFICIT
SAVINGS WILL BECOME POUNDED BY
THE FACT THAT PEOPLE WHO ARE
CURRENTLY RECEIVING UNEMPLOYMENT
OR WELFARE WILL FINALLY BE ABLE
TO FIND JOBS.
PROGROWTH, MOST
PRO-JOBS, PROFAMILY PLAN PUT
FORTH PERHAPS IN THE HISTORY OF
OUR COUNTRY.
THIS IS WHAT OUR NEW FUTURE WILL
LOOK LIKE.
I'M GOING TO LOWER YOUR TAXES
VERY, VERY SUBSTANTIALLY.
I'M GOING TO GET RID OF MASSIVE
AMOUNTS OF UNNECESSARY
REGULATION. ARE INTHESE REGULATIONS
YOUR BUSINESS AND IN YOUR LIFE.
I'M GOING TO UNLEASH AMERICAN
ENERGY.
I'M GOING TO REPEAL AND REPLACE
OBAMACARE.
I'M GOING TO APPOINT JUSTICES OF
THE SUPREME COURT WHO WILL
FOLLOW THE CONSTITUTION.
[APPLAUSE]
I'M GOING TO REBUILD OUR
DEPLETED MILITARY AND TAKE CARE OF OUR VETS WHO ARE TREATED SO
BADLY. [APPLAUSE]
CASES, OUR VETS ARE
TREATED NOT NEARLY AS WELL AS
PEOPLE WHO COME INTO OUR COUNTRY ILLEGALLY.
WE CAN'T HAVE THAT.
I'M GOING TO SAVE YOUR SECOND
AMENDMENT, WHICH IS UNDER SEES.
I'M GOING TO -- UNDER SEAS.
-- UNDER SIEGE.
I'M GOING TO END ILLEGAL
IMMIGRATION WHICH IS POISONING
OUR YOUTH.
A TREMENDOUS PROBLEM.
AND YES, WE WILL BUILD THE WALL.
THE WALL WILL BE BILLED.
IN CASE YOU WERE WORRIED ABOUT
WHO WAS GOING TO PAY FOR IT,
MEXICO IS GOING TO PAY FOR IT.
TOTALLY SERIOUS ABOUT THAT.
MEXICO AM A WE LOOK AT THE TRADE
DEFICIT WITH -- WE HAVE WITH
MEXICO, IT IS MASSIVE.
THE WALL IS PEANUTS COMPARED TO
WHAT WE ARE TALKING ABOUT.
MEXICO WILL PAY FOR THE WALL.
AND I'M GOING TO RENEGOTIATE OUR
DISASTROUS TRADE DEALS,
ESPECIALLY NAFTA, AND WE WILL ONLY MAKE GREAT TRADE DEALS THAT
BUT THE AMERICAN WORKER FIRST
AND PUT THE AMERICAN WORKER BACK
TO WORK. [APPLAUSE]
OUR INERS -- OUR
MINERS AND ARE STILL WORKERS.
THEY'RE GOING BACK TO WORK.
OURILL REBUILD OUR ROADS,
BRIDGES, HIGHWAYS, AIRPORTS,
SCHOOLS, HOSPITALS.
WE WILL REBUILD EVERYTHING.
AMERICAN CARS WILL TRAVEL THE
ROADS.
AMERICAN PLANES WILL SOAR THE
SKIES.
AN AMERICAN SHIPS WILL PATROL
THE SEAS.
AMERICAN STEEL WILL SEND NEW
SITES -- NEW SKYSCRAPERS INTO
THE CLOUDS.
AMERICAN HANDS WILL REBUILD THIS
NATION.
, HARVESTEDN ENERGY
FROM AMERICAN SOURCES, WILL
POWER THIS NATION.
HIREDAN WORKERS WILL BE
TO DO THE JOB.
METALL PUT NEW AMERICAN
AND NEW AMERICAN STEEL INTO THE
SPINE OF THIS COUNTRY.
JOBS WILL RETURN, INCOMES WILL
RISE, NEW FACTORIES WILL COME
RUSHING BACK TO OUR SHORES.
WE WILL MAKE AMERICA WEALTHY
AGAIN. WE WILL MAKE AMERICA STRONG
AGAIN.
AND WE WILL MAKE AMERICA GREAT
AGAIN.
THANK YOU VERY MUCH.
BLESS YOU. THANK YOU.
THANK YOU VERY MUCH.
THANK YOU.
THAT WAS DONALD TRUMP
WRAPPING UP HIS COMMENTS AT THE
ECONOMIC CLUB OF NEW YORK.
AMONG THE HEADLINES --
MATT: I SHOULD POINT OUT THAT
TOM KEENE IS ON THE OTHER SIDE.
WE'VE GOT IT COVERED.
, THE BILLIONAIRE
HEDGE FUND MANAGER MADE SO MUCH
MONEY ON THE DOWNFALL OF THIS
, IS GOING TONOMY
BE DOING THE QUESTIONING ARE
STARTING OUT THE QUESTIONS HERE.
THERE WILL BE A Q AND A SESSION.
WE WILL TAKE ALL OF IT AND GIVE
IT TO YOU AS WELL.
WE HAVE STEVE
AND MICHAEL MCKEE.
SOME OF THE THINGS WE HEARD FROM
DONALD TRUMP -- WERE THERE ANY
SURPRISES?
WE HEARD A LOT OF THE SAME
THINGS THAT WE HAVE HEARD.
THE WALL THAT WILL BE
BILLED COME ATTACK SCOUTS,
CHILDCARE WILL NOW BE
TAX-DEDUCTIBLE. STEVE: NOT A LOT OF SURPRISES.
THIS SUMMER, TRUCK PUT OUT A
LOAD OF HIS TAX PLAN -- TRUMP
PUT OUT A LOT OF HIS TAX PLAN ON
HIS WEBSITE.
HIS TEAM TO GET DOWN.
THIS IS THE SECOND TAKE.
HE KIDS TO COME DOUBT THAT'S
COME OUT -- HE GETS TO COME OUT
AND SAYS THIS IS HOW WE GET TO
PAY FOR AND IS IN MY ROOM PLAN.
THIS IS TRUMP'S REDO.
ON THE NIGHTLY NEWS, WHAT WILL
VOTERS HERE?
TRUMP PROPOSED A TAX CUT FOR YOU
AND HE IS GOING TO PAY FOR.
NOW ONTO TRAFFIC AND WEATHER.
MATT: HE SAYS COME AS LONG AS WE
HAVE 4% GDP GROWTH --
MICHAEL: THEN HE GOES BACK TO THE OLD REPUBLICAN SHIFT.
WILL INCREASETHAT
GROWTH AND THAT WILL PAY FOR THE
TAX CUT.
NO EVIDENCE THAT WOULD ACTUALLY WORK.
OFT: WE HAD TWO DECADES
PROSPERITY AFTER THAT STARTED,
RIGHT?
MICHAEL: NO WAY WE CAN GET TO 4%
GROWTH UNDER CURRENT SITUATIONS.
SCARLET: LET'S LISTEN TO THE Q
AND A.
DONALD TRUMP SPEAKING WITH
DONALD PAULSON.
MR. TRUMP: IT IS LIKE THEY WILL
HAVE A REVOLUTION.
AND THEY START EVALUATING, AND
EVALUATING.
THEY DO ALSO TO THINGS AND THEY
GET BACK ON TRACK. I'VE HAD FRIENDS COME TO ME THAT
HAVE BEEN DEVASTATED,
MANUFACTURES, GREAT
MANUFACTURERS, SUCCESSFUL
PEOPLE, BUT THEY HAVE BECOME LESS AND LESS SUCCESSFUL BECAUSE
THEY CAN'T BEAT THE SYSTEM.
IN THIS WAY, TOO, IT IS A RIGGED
SYSTEM.
THEY ARE ALMOST DOING WELL AND
THEN THERE IS A MASSIVE
DEVALUATION IN CHINA OR OTHER
COUNTRIES AND THERE ARE PLENTY
OF OTHER COUNTRIES OUT THERE -- SOME ARE ACTUALLY HURTING CHINA
NOW. , WHEN THEY HAVE 7%,
DROPPED TO 7% OR
8%, THEY CONSIDER IT A DISASTER
AND WE ARE STUCK AT 1%.
PERHAPS THE REAL NUMBERS 1%, BUT
, AND WE TRY 2%
TO LIVE WITH IT.
SO WE ARE GOING TO UNLEASH
TREMENDOUS OPPORTUNITY AND WE
ARE BRINGING BACK THE TRILLIONS
OF DOLLARS THAT DOESN'T COME
INTO THIS COUNTRY.
THAT DOES REALLY BRING A LOT OF COMPANIES OUT.
THEY WANT TO GET THEIR MONEY.
THEY LEAVE TO GET THEIR MONEY.
SO WE WILL UNLEASH A LOT.
WE WILL UNLEASH A LOT WITH THE REGULATIONS.
SURPRISED MET MOST
IN GOING AROUND -- BECAUSE I'VE
BEEN EVERYWHERE.
I HAVE BEEN WORKING. THIS STARTED ON JUNE 16.
WHO KNEW THIS WAS GOING TO
HAPPEN, RIGHT?
BUT IT STARTED ON JUNE 16 AND IT
HAS BEEN AN AMAZING THING.
BUT FROM A BUSINESS STANDPOINT,
I SPEAK TO THE BIGGEST AS THIS
IS IN THE WORLD BUT I ALSO SPEAK
TO THE SMALL BUSINESS PEOPLE AND THE FARMERS.
IF THEY HAD THEIR CHOICE BETWEEN
THIS MASSIVE TAX CUT FROM 35%
DOWN TO 15% OR REGULATION
RELIEF, THEY WOULD TAKE A MOST
100% REGULATION -- THE
REGULATIONS ARE A DISASTER.
THEY ARE KILLING THE FARMERS.
THEY ARE KILLING THE ENERGY
FOLKS. THEY ARE KILLING THE MINES.
HAS GOTTEN SO CRAZY AND IT
HAS GONE SO EXCESSIVE THAT THEY
WOULD TAKE THAT OVER TAXES.
SO WE ARE GOING TO ANOTHER --
GOING TO UNLEASH TREMENDOUS
NUMBER OF JOBS.
FRAUD, ABUSE.
WITH OF THE PENNY PLAN -- JUST A
PENNY OUT OF EVERY DOLLAR.
I KNOW YOU CAN DO THAT VERY
EASILY.
BUT WE HAVE TO APPOINT PEOPLE TO
HEAD THESE MASSIVE, MASSIVE
AGENCIES. IF THEY WERE COMPANIES, THEY
WOULD BE VERY LARGE COMPANIES,
SOME BIGGER THAN ANY OTHER
COMPANIES. PENNY, A PENNY OFF
THE DOLLAR AND YOU DO THAT FOR A
NUMBER OF YEARS AND ALL OF A
SUDDEN REALLY GREAT THINGS START
TO HAPPEN.
WE SPEND A TO THAT,
TREMENDOUS AMOUNT ON MILITARY,
WHICH WE ARE GOING TO INCREASE.
WE HAVE NO CHOICE.
BUT WE ALSO DEFEND OTHER
COUNTRIES. AND THOSE COUNTRIES ARE NOT
PAYING US NEARLY WHAT THEY
SHOULD BE PAYING US. ,E ARE LOSING TREMENDOUS
BILLIONS AND BILLIONS OF DOLLARS
ON DEFENDING OTHER PEOPLE, SOME
OF THEM DON'T EVEN APPRECIATE
THE FACT THAT WE ARE DEFENDING
THEM. AND MANY OF THEM DON'T PAY US.
THEY DON'T PAY US.
WHY?
WE DON'T ASK.
I'M SURE, WILL,
START TO PAY FOR DEFENSE, BUT IT A A FANTASTIC -- IT IS
FANTASTIC NUMBER.
IT IS A VERY, VERY LARGE -- IT IS A SHOCKING NUMBER.
I WILL JUST FINISH WITH SAYING
THIS.
RESPECT FOR JAPAN.
BUT AS YOU KNOW, WE DEFEND
JAPAN. WE DEFEND GERMANY.
WE DEFEND SAUDI ARABIA.
WE DEFEND SOUTH KOREA. THESE ARE ECONOMIC AND HE MYTHS,
BUT HE MYTHS -- ECONOMIC
BEHEMOTHS, BEHEMOTHS.
DOESN'T MR. TRUMP KNOW THAT
JAPAN PAYS 50% OF THE COST OF
ITS DEFENSE?
I SAY, OH, WHY DON'T THEY PAY
100%?
THE NUMBERS YOU ARE TALKING
ABOUT OUR MASSIVE.
,HEN YOU ADD IT ALL TOGETHER
LIGHTER THINGS ARE GOING TO HAPPEN.
CORPORATE TAX RATE, A
CORNERSTONE OF YOUR POLICY IS
THE RATE.
SECRETARY LEW PROPOSED A 28%
RATE. THE U.K. IS AT 20%.
IRELAND IS AT 12.5%.
HOW DID YOU SETTLE ON 15% OF THE
TARGET FOR THE U.S.?
OF THAT HAS TOT
DO WITH THE CUTTING BECAUSE WE
ARE GOING TO BE CUTTING COSTS.
I THINK WE ARE GOING TO UNLEASH
SOMETHING THAT IS GOING TO BE SO
AMAZING AND A LOT OF IT IS
COMPETITION. YOU LOOK AT IRELAND BEING THE
LOWEST.
WE ARE NOT THE LOWEST, BUT WE
ARE GETTING DOWN THERE.
OFHT NOW, WE ARE THE HIGHEST
THE WORLD, CERTAINLY OF THE
INDUSTRIALIZED COUNTRIES.
AND WE SAID IT FROM A COMPETITIVE STANDPOINT AND WE
ADDED TO THAT AND VERY
IMPORTANTLY ADDED TO THAT THE
COST CUTTING.
AND THERE IS TREMENDOUS FAT. IT'S INTERESTING, WHEN ALL OF US
AND SO MANY IN THE ROOM DO THIS,
WHEN WE BUY COMPANIES, WE LIKE
TO BUY COMPANIES THAT ARE POORLY
RUN, RIGHT, BECAUSE WE HAVE SO
MUCH ROOM TO CUT.
WE DON'T WANT TO BUY A PERFECTLY RUNNING MACHINE WHERE WE CAN DO
TOO MUCH.
BUT WE ARE NOT A PERFECTLY RUNNING MACHINE.
WE HAVE TWO MINUTES WASTE,
TREMENDOUS ABUSE. OUR MILITARY ORDERS EQUIPMENT
THAT IS POLITICALLY MOTIVATED
BECAUSE THEY WILL BUY A COMMENT THAT IS NOT AS GOOD AS THEY
WANT.
THETHE CLAIMANT THAT
GENERALS WANT IS BETTER AND LESS
EXTENSIVE.
-- AND THE EQUIPMENT THAT THE
GENERALS WANT IS SO BETTER AND
LESS SIX AND SAID -- LESS
EXPENSIVE.
WE ARE GOING TO MAKE AMERICA
GREAT AGAIN.
> NOW IT'S TIME FOR> MARTIN
FELDSTEIN WHO IS ON OUR BOARD AND CHAIRMAN OF THE DEPARTMENT
OF ECONOMICS AT HARVARD.
PART OF THE ISSUE IN REDUCING TAX RATES IS BEING TACKED ON THE
DEFICIT.
PROPOSESETS WOULD YOU
TO COMPENSATE FOR THE REDUCED
REVENUE.
YOU MENTIONED IN YOUR SPEECH
THAT COME OVER TIME, IT CAN BE
REVENUE NEUTRAL.
MR. TRUMP: EVENTUALLY WITH TIME,
THIS IS GOING TO WORK OUT.
BUT THE BIG THING WITH
NEUTRALITY IS THE AMOUNT OF
BUSINESS WE GENERATE, THE FACT
THAT COMPANIES WILL NO LONGER BE LIVING -- BELIEVING.
YOU HAVE TO LOOK AT THE
COMPANIES -- I TOLD YOU BEFORE
THAT FORD MOTOR COMPANY, THIS IS
A MASSIVE AMOUNT OF BUSINESS. THEY ARE TAKING ALL SMART -- ALL
SMALL CARS AND MAKE THEM IN
MEXICO.
IT IS DEVASTATING FOR MICHIGAN
AND AREAS OF ME THAT HAVE TO GO
THROUGH THIS.
WE ARE GOING TO KEEP OUR
ARE LEAVING US
BECAUSE OUR TAXES ARE SO HIGH
BECAUSE THEY CANNOT BRING THEIR
MONEY BACK IN.
OUR COMPANIES ARE LEAVING US
BECAUSE OF REGULATION.
THE REGULATION IS SO MASSIVE
THAT OUR COMPANIES ARE LEAVING
US.
THEY ARE NOT GOING TO BE LEAVING
ANYMORE BECAUSE THEY WILL HAVE A
BETTER DEAL THAN WHERE THEY ARE
LOOKING TO GO.
COUPLING THAT WITH
CUTTING COSTS, CUTTING BUDGETARY
COSTS AND LOTS OF COST.
THERE WILL BE MANY COSTS THAT WE
WILL BE CUTTING.
AND WE WILL BE ENHANCED BY MANY
THINGS WITH THE MILITARY AND THE
DEFENSE OF OTHER COUNTRIES,
WHICH A LOT OF PEOPLE DIDN'T
EVEN KNOW. TOO MANY PEOPLE EVEN IN THIS
ROOM UNTIL A STUDY SPEAKING
I DON'T A YEAR AGO,
THINK MANY PEOPLE KNEW THAT WE
DEFEND GERMANY AND JAPAN.
WERE DEFENDING SOUTH KOREA.
SAUDI ARABIA AS AN EXAMPLE,
SAUDI ARABIA WE KNOW, LOTS OF
WEALTH, LOTS OF MONEY.
THEY DON'T PAY US VERY MUCH FOR
WHAT WE DO.
AND YOU COULD ASK YOURSELF HOW
LONG WOULD SAUDI ARABIA EVEN BE
THERE IF WE WEREN'T DEFENDING
THEM?
AND I THINK WE SHOULD DEFEND
THEM.
WE HAVE TO BE COMPENSATED
PROPERLY FOR THAT DEFENSE.
I'M SURE THEY WILL BE THRILLED
TO HEAR THAT.
[LAUGHTER]
>> ONE ISSUE THAT CAME UP
WAS THE POTENTIAL FOR
DEFAULT ON THE U.S. DEBT.
THE U.S. HAS A PERFECT CREDIT
HISTORY.
IS THERE ANY SCENARIO YOU WOULD CONSIDER DEFAULTING ON THE U.S.?
MR. TRUMP: DEBT NO -- ON THE
U.S. DEBT?
MR. TRUMP: NO.
THIS ISN'T LIKE BUILDING A REAL
ESTATE PROJECT IN THE MARKET
CRASHES AND YOU HAVE YOUR SHOT AT A BANK.
I LOVE THOSE DAYS, YOU KNOW?
I LOVE THAT.
[LAUGHTER]
SOMEBODY SAID I AM ONE OF THE
GREAT IN THE WORLD.
I LOVE BUYING BANK DEBT. BANK DEBT.TIATING
YOU CAN DISCOUNT. WE CAN DO THINGS.
BUT THE DEBT OF THIS COUNTRY IS
ABSOLUTELY SACRED, ABSOLUTELY
100% SACRED.
YOU HAVE TO BE.
REGARDING REGULATION, YOU
SAID THAT WE HAVE TOO MUCH
REGULATION AND THAT EXCESS
REGULATION IMPEDES GROWTH.
WHAT WOULD BE YOUR STRATEGY FOR
REDUCING EXCESSIVE REGULATION?
MR. TRUMP: I GO BACK TO THE
HEADS OF THE VARIOUS GROUPS,
AGENCIES, ALL OF THE DIFFERENT
PARCELS OF GOVERNMENT.
I WOULD PUT IN VERY TOP PEOPLE
TO NEGOTIATE. HONESTLY, WE PUT POLITICAL
PEOPLE AND TO NEGOTIATE.
WE PUT PEOPLE THEY GAVE
CONTRIBUTIONS, PEOPLE THAT WORK
THE SYSTEM, PEOPLE THAT
SHOULDN'T BE THERE.
YOU CUT 1%U SAY CAN
OFF YOUR BUDGET, THEY LOOK LIKE
THIS IS IMPOSSIBLE.
WHEREAS PEOPLE IN THIS ROOM,
BECAUSE I KNOW A COUPLE OF THEM
ARE TOTAL KILLERS -- I WILL CALL
THEM OUT -- THEY HEAR ONE
CAN GETTHEY SAY, DON, I
IT DONE IN ONE YEAR.
I SAY TAKE IT EASY, JUST RELAX. [LAUGHTER]
BUT THERE ARE PEOPLE IN THIS
ROOM WHO WOULD SAY THAT SO WHEN
YOU SAY 1% A YEAR FOR 10 YEARS,
THAT'S A MASSIVE DIFFERENCE EMMA
1% FOR 10 YEARS. I WOULD REALLY HAVE IT DONE AT
THE LEVEL OF THE GROUP RUNNING
WHAT EVER INDIVIDUAL THING IN
GOVERNMENT THEY ARE RUNNING AND
THEY WILL BE ABLE TO DO IT IF
THEY HAVE THE RIGHT PEOPLE.
WE DON'T HAVE THE RIGHT PEOPLE.
WE HAVE PEOPLE WHO SHOULDN'T BE
DOING WHAT THEY ARE DOING.
WE HAVE PEOPLE UNDER THEM WHO
ARE FAR, FAR MORE CONFIDENT THAN
THEY ARE AND THEY LOSE THOSE --
THOSE PEOPLE LOSE RESPECT FOR
THE SYSTEM WHEN THEY SEE WHAT IS
COMING IN.
TELL YOU HOW
STRONGLY I BELIEVE THIS.
THE TRADE DEALS ARE SO BAD.
NAFTA HAS DESTROYED THIS
COUNTRY. NAFTA HAS DESTROYED THE
MANUFACTURING LEG OF THIS
COUNTRY.
AND COMPANIES HAVE DESTROYED
COMPANIES.
THOUSANDS AND THOUSANDS OF
COMPANIES, MILLIONS OF JOBS. WE ARE GOING TO GET THAT BACK.
WHENEVER I TALK ABOUT TAX
CUTTING AND I TALK ABOUT
WEANCING, A BIG PART IS THAT
WILL TALK ABOUT NEGOTIATING GOOD
PUT HIM IN THE ROOM FOR A FEW
DAYS. HE WILL DO VERY WELL.
WE HAVE THE GREATEST NEGOTIATORS
IN THE WORLD.
WE HAVE TO USE -- WHEN CHINA
ENTERS THE NEGOTIATION, THEY COME IN WITH 20 PEOPLE THAT ARE
THE TOUGHEST, SMARTEST, MEANEST
-- THEY DON'T SAY GOOD MORNING,
IS IT A LOVELY DAY?
ISN'T IT WONDERFUL HOW THE
YANKEES DO LAST NIGHT?
THERE'S NO TALK.
WE GET DOWN TO BUSINESS, BOOM.
NO GAMES.
WE GET PEOPLE IN THERE WHO DO
NOT KNOW WHAT THEY ARE DOING.
OFS IS WHY WE HAVE DEFICITS
$500 BILLION WITH ONE COUNTRY.
WE REBUILT CHINA.
AND I SAY THAT WITH RESPECT WITH
CHINA.
I HAVE A GREAT RELATIONSHIP WITH CHINA.
-- I HAVETO TELL ME
MANY FRIENDS FROM CHINA -- THE
BIGGEST PEOPLE, THE RICHEST
PEOPLE, THEY CANNOT BELIEVE WHAT
CHINA GETS AWAY WITH.
THEY SAY, WE CAN BELIEVE IT.
I WASHEN I ANNOUNCED THAT
RUNNING FOR PRESIDENT, THEY SAY, WILL WE DID NOT MEAN THAT.
THEY DID NOT KNOW THIS WAS TO
HAPPEN.
AND THE GOOD OLD DAYS, THEY USED
TO SAY WE DON'T BELIEVE.
YOUR GOVERNMENT IS STUPID.
BUT NOW THEY DENY THEY EVER SAID
THAT.
[APPLAUSE]
>> ON STAFFING, HOW WOULD YOU
RUN A GOVERNMENT TO MAKE IT MORE
EFFECTIVE? WHAT WOULD BE YOUR CRITERIA IN
CHOOSING THE SENIOR
ADMINISTRATORS.
MR. TRUMP: TRACK RECORD, GREAT
CONFIDENCE, LOVE OF WHAT THEY
ARE DOING, HOW THEY ARE GETTING
ALONG WITH PEOPLE, REFERENCES.
NO DIFFERENCE THAN WHEN YOU'RE
ARE RUNNING A COMPANY THEN WHEN
YOU HIRE TOP PEOPLE. IT WOULD BE NO DIFFERENT.
YOU NEED PEOPLE THAT ARE TRULY,
TRULY CAPABLE.
AND SO MUCH HAS TO DO WITH PAST
HISTORY. HOW THEY'VE DONE.
HOW'S IT ALL WORKED OUT.
YOU UNDERSTAND WHAT I MEAN BY
THAT PERHAPS BETTER THAN
ANYBODY. AND WE HAVE TO GET THE BEST
PEOPLE.
WE CAN NO LONGER BE SO
POLITICALLY CORRECT.
WE DO THINGS TODAY -- WE ARE SO
POLITICALLY CORRECT.
PEOPLE ARE SO AFRAID TO WALK.
THEY ARE AFRAID TO TALK.
THEY CAN'T SPEAK.
THEY ARE AFRAID THAT THEY WILL
SAY THE WRONG WORD AND THEY WILL
BE SHUNNED FROM SOCIETY.
THAT'S OK, IT WILL ONLY LAST
ABOUT A WEEK IF THAT HAPPENS.
NOT THAT BAD. BUT WE HAVE TO BE -- BUT WE
DON'T HAVE TO BE SO POLITICALLY
CORRECT.
WE NEED THE FINEST.
I'M NOT SAYING THIS BECAUSE IT'S
MYSELF. THIS IS THE LAST TIME, THIS IS
GOING TO BE THE LAST ELECTION WE HAVE A CHANCE TO MAKE THIS
COUNTRY GREAT AGAIN, TO REALLY
MAKE IT WEALTHY AGAIN, MAKE IT
STRONG AGAIN, MAKE IT ALL OF THE
THINGS THAT WE WANT TO SEE.
BUT I REALLY BELIEVE THIS IS THE
MOST IMPORTANT ELECTION THAT WE
HAVE BEEN INVOLVED IN FOR MANY,
MANY, MANY, MANY, MANY YEARS,
MANY DECADES.
BECAUSE IT'S GOING DOWN.
THE SUPREME COURT JUSTICES I
TOLD YOU ABOUT BEFORE, I MEAN,
IF THEY PUT CERTAIN PEOPLE ONTO
THE SUPREME COURT, OUR COUNTRY
IS GOING TO BE A WHOLE DIFFERENT
COUNTRY.
WE WILL BE A LARGE-SCALE VERSION OF VENEZUELA.
WE WILL BE A TOTALLY DIFFERENT
DEAL.
AND THIS IS THE LAST CHANCE COME IN MY OPINION, OUR COUNTRY HAS
TO GET BETTER, TO GET WELL.
AND I JUST THINK THIS ELECTION
IS SO IMPORTANT.
BECAUSE OF THEUT
IDEAS, THE IDEAS THAT WE HAVE,
THE IDEAS AND WE NEED TO DO WHAT
WE HAVE TO DO.
SUCHHAT'S WHY WE'RE SAYING
ENTHUSIASM. WE MAKE A SPEECH, JOHN, AND WE
HAVE PEOPLE SHOWING UP, 25 --
25,000 PEOPLE SHOW UP AND 30,000
PEOPLE SHOW UP AND WE ANNOUNCE
ONE DAY.
WE HAD ONE IN PENSACOLA THE
OTHER.
WE HAD MASSIVE, TENS OF THOUSANDS OF PEOPLE.
WE ANNOUNCED A COUPLE DAYS
BEFORE ON TWITTER.
WE DON'T EVEN TAKE ADS. PEOPLE WANT TO SEE GREAT THINGS
HAPPEN TO THIS COUNTRY.
PEOPLE REALLY LOVE THIS COUNTRY.
THE PEOPLE OF THIS COUNTRY
REALLY LOVE THIS COUNTRY.
EVEN OTHER COUNTRIES WANT TO SEE
GOOD THINGS HAPPEN BECAUSE IT IS
SO IMPORTANT.
I JUST THINK THIS IS GOING TO BE
THE MOST IMPORTANT ELECTION
WE'VE HAD FOR MANY, MANY
DECADES. AND I'M NOT SURE WE WILL GET A
SECOND CHANCE AT IT.
[APPLAUSE]
JOBS, WHATD, ON
INDUSTRIES DO YOU EXPECT TO
BENEFIT FROM YOUR ECONOMIC PLAN
TO CREATE HIGH-PAYING JOBS GOING
FORWARD? MR. TRUMP: I THINK H&R BLOCK
WILL BE A DISASTER.
[LAUGHTER] BECAUSE WE ARE SIMPLIFYING --
HOW ABOUT PEOPLE -- IT'S SO
COMPLICATED.
YOU NEED 180 IQ TO UNDERSTAND IT.
AND PEOPLE ARE MAKING FRANKLY A
SMALL AMOUNT OF MONEY.
THEY HAVE TO GO ON HOW THEIR TAX
RETURNS DONE BY PEOPLE.
BY THE WAY, WHEN THEY ARE DONE, YOU WILL HAVE 10 DIFFERENT TAX
PEOPLE AND 10 DIFFERENT ANSWERS
TO THE SAME PERSON.
THE WHOLE THING IS CRAZY.
SO THAT WILL BE ONE INDUSTRY
THAT WOULDN'T DO WELL.
BUT I THINK A MOST ALL INDUSTRY
-- I CAN TELL YOU AN INDUSTRY
THAT WILL DO WELL AND AN
INDUSTRY WE CAN USE AND I KNOW PRICES AREN'T -- ARE LOW NOW,
THE ENERGY INDUSTRY.
WE HAVE AMAZING PEOPLE IN THAT
INDUSTRY AND THEY ARE JUST BEING
DECIMATED AREA -- DECIMATED.
THERE BEING ABSOLUTELY
DECIMATED.
WE FOUND OUT, BECAUSE OF THE NEW
TECHNOLOGY, WHETHER IT'S
TRACKING ARE MANY OTHER THINGS,
WE HAVE MORE THAN JUST ABOUT ANYBODY IN THE WORLD.
OUR LAND HAS TURNED OUT TO BE SO
VALUABLE BECAUSE OF WHAT'S
UNDERNEATH. WE HAVE TO BE CAREFUL.
WE HAVE TO BE ENVIRONMENTALLY
SOUND. THAT'S VERY IMPORTANT.
BUT IT'S INCREDIBLE YOU LOOK AT WHAT'S HAPPENED IN THE LAST FIVE
YEARS.
WHICH BE SELF-SUFFICIENT,
WE HAVE TO BECOME OTHERWISE WE
WILL BE STUCK IN THE MIDDLE EAST
FOREVER. WE HAVE TO GET OUT OF THAT
WORLD. WE HAVE TO KNOCK OUT ISIS.
I DID NOT WANT TO BE IN THAT WAR
. BUT I WASN'T A POLITICIAN.
NOBODY REALLY CARED.
I DIDN'T WANT TO BE IN THAT WAR.
EVERYBODY WANTED TO GET OUT SO
QUICKLY AND NOT LEAVE ANYBODY BEHIND.
YOU SEE THE ATROCITIES THEY COMMITTED.
YESTERDAY, IT WAS 22 OR 24
PEOPLE HUNG FROM RACKS OF A
SLAUGHTERHOUSE LIKE A
SLAUGHTERHOUSE. AND THEN THROATS CUT.
THIS?, CAN YOU IMAGINE
NOBODY HAS EVER HEARD OF THINGS AT THIS BEFORE.
AND THEN WE TALK ABOUT WATERBOARDING.
. IT'S AN INCREDIBLE THING.
WE ARE NOT PLAYING ON THE SAME PLAYING FIELD.
IF YOU LOOK AT THE ATROCITIES
COMMITTED JUST YESTERDAY WITH
THE MEAT HOOKS, WE HAVE NO
CHOICE BUT TO TOTALLY DECIMATE
ISIS.
WE HAVE TO DO IT.
WE HAVE TO DO IT RAPIDLY.
[APPLAUSE]
AND THEN WE HAVE TO GET BACK TO
REBUILDING OUR COUNTRY.
WE HAVE TO REBUILD THE INFRASTRUCTURE OF OUR COUNTRY.
WE HAVE TO REBUILD OUR COUNTRY
BECAUSE IT IS A MESS.
JOHN: LAST QUESTION.
IF YOU WOULD ADVISE THE FAD,
WHAT WOULD YOU ADVISE THEM TO DO
REGARDING INTEREST-RATE POLICY? MR. TRUMP: AS A REAL ESTATE
PERSON, I ALWAYS LIKE LOW
INTEREST-RATE, OF COURSE.
YOU ARE GOING TO HAVE THEM UNTIL
JANUARY 1 BECAUSE OBAMA WANTS TO GO -- HE WANTS TO PLAY GOLF AND
HE WAS TO LEAVE AND HE DOESN'T
WANT TO HAVE ANY STOCK MARKET
DISRUPTIONS.
I THINK THE FED IS
BEING TOTALLY CONTROLLED
POLITICALLY. THEY ARE NOT RAISING RATES.
AND THEY ARE BEING CONTROLLED
POLITICALLY. I THINK THEY ARE GOING TO BE LOW
UNTIL -- I DON'T EVEN KNOW IF
THEY ARE GOING TO HAVE A RAISE.
BUT THEY WILL BE LOW UNTIL THE
END OF THE YEAR.
I DON'T THINK OBAMA -- HE WANTS
TO GO OUT -- SHOULDN'T BE
WORKING THIS WAY. SHOULDN'T BE DISCUSSING IT.
I THINK IT'S A TERRIBLE THING
THAT IS HAPPENING BECAUSE WE ARE
DOING IT FOR POLITICAL -- I
THINK THE FED IS VERY POLITICAL.
IT'S BECOME VERY POLITICAL, LIKE
MANY OTHER GROUPS IN THIS
COUNTRY.
BEYOND ANYTHING I EVER THOUGHT POSSIBLE.
I THINK YOU'RE GOING TO HAVE LOW
INTEREST RATES UNTIL THE END OF
THE YEAR, MAYBE NO INCREASE AT ALL.
AND THE MARKET WILL STAY
ARTIFICIALLY HIGH AND THEN WE
WILL HAVE TO SEE WHAT HAPPENS
AFTER THAT.
BUT THEY ARE NOT DOING THE RIGHT
JOB.
WITH ALL OF THAT BEING SAID, ALL
MY LIFE, I LIKE LOW INTEREST
RATES.
CAN YOU IMAGINE, BECAUSE I'M
DOING THIS, I CAN'T EVEN TAKE
ADVANTAGE OF IT, BUT THAT'S OK.
IS BECOME, IN MY
OPINION, THE FED HAS BECOME
EXTREMELY POLITICAL THIRD.
-- POLITICAL.
IS A POLITICAL DECISION
OR A RIGHT DECISION, THEY WILL
GO WITH THE POLITICAL DECISION EVERY TIME.
JOHN: THAT CONCLUDES OUR FAR
SIDE CHAT ONCE AGAIN.
ON BEHALF OF MYSELF AND EVERYONE HERE, --
MATT: THAT W