00:00for workers and for companies including no tax on tips and hopefully no tax on social security and no tax on overtime and
00:07That overtime one is a sleeper because I think a lot of people are going to be spurred on to do a lot of extra
00:12work
00:13When they hear that it's a lot of companies really like it a lot of people really like it the new
00:18Trump tax cuts will also include 100%
00:22Expensing for new factory construction in the United States and anything else that you're going to buy
00:28With capital if you buy something if you buy something that is going to be good for our country
00:35We're gonna let you expense it one year expense, and I did that the first time and everybody was saying
00:41Can you go back to that now you still get I guess 40% or whatever, but it you know pairs down
00:45but we're gonna bring that right up to the
00:48To the top level I think that had a lot to do with the success that I had during my first term
00:53And we'll substantially cut taxes for all domestic
00:56Producers of oil and gas and just about everything else that they produce in my first term. I brought the business tax down from
01:05Around 40% to 21% which everybody said was an impossible thing to do
01:10I cut it from 40 years it actually was state and said he was much higher than 40, but I got it down to
01:1521% and now I'm bringing it down to a goal of 15%
01:20But only if you make your product in America in other words you're gonna be at 21%
01:25But if you make your product in America you're gonna go from 21 to 15 if you don't you're gonna pay 21%
01:30Which is still lower than?
01:33Anything so guys like Elon are gonna come and make his great cars in the United States
01:38There are a lot of a lot of people will a lot of people are calling a lot of car companies are calling
01:43They call me three of them three of the majors. They called and they said
01:47We're looking all over the place we want to be there, I'm gonna be announcing tariffs on cars and
01:54semiconductors and chips and
01:56pharmaceuticals drugs and pharmaceuticals and
01:59lumber probably and some other things over the next month or sooner and
02:06It's gonna have a big impact on America
02:08We're bringing our businesses back if they don't make their product in America, then they very simply they have to pay a tariff
02:15But if they do make their product in America there
02:17They don't have to pay any tariff what you bring
02:19It's all gonna bring trillions of dollars into our Treasury
02:22Or it's going to mean that there won't be any taxes because we want to have a fair base
02:27They don't have it. We don't have it if they don't pay if they don't charge us. We don't charge them. It's pretty
02:34Simple the Republican Party is once again the party of common sense. We're a party of common sense. We want strong borders
02:40We don't want men playing in women's sports. We don't want to have transgender for everybody
02:45We're the party of common sense. That's how we won the election in such a big manner
02:50We'll no longer allow other countries to ransack and plunder our nation. That's why I have announced that we will soon
02:57begin imposing reciprocal tariffs on any country that engages in unfair and unequal trading practices if
03:05They tariff us as I said, we will tariff them at the exact same rate
03:10So of a certain country because some of those countries even countries that I've already mentioned are
03:16Extremely aggressive with tariffs. Nobody knows that
03:19European Union they have a VAT tax. It's devastating. It's very tough for people on the outside
03:25Hard to sell cars it really impossible to sell them because they also have non-monetary tariffs that are very very tough
03:32But if you take a look at that, it's a very unfair situation and the VAT tax is similar to the tariff around the world
03:39I'm moving quickly to end wars settle conflicts and restore the planet to peace
03:44I want peace and I don't want to see these
03:46Everybody being killed and you take a look at the death in the Middle East and the death
03:51That's taking place between Russia and Ukraine. It's been going on and we're gonna end it
03:57There's no profit for anyone and having World War three and you're not so far away from it. I'll tell you right now
04:03You're not so far away if we would have had this administration for another year
04:07You would have been in World War three and now it's not going to happen in the Middle East
04:11I've restored my policy of maximum pressure on Iran designed
04:16to to bring peace and
04:21We've designated the hoodies a terrorist organization there, you know destroying shipping lanes all over the place
04:28They make it a very hard for people to get their product delivered
04:33Making it very difficult, but we'll take care of that situation
04:36and
04:37We've secured a ceasefire in Gaza and we're bringing in the hostages and we're bringing them home to their family
04:44Some of them are in pretty bad shape. I have to tell you
04:46To end the horrible war in Ukraine. I've spoken with President Putin and President Zelensky and our teams began negotiations
04:54This week in Saudi Arabia. I want to thank Saudi Arabia for that. That was so great
05:00Yeah
05:03And I want to thank
05:06In particular, I mean we have so many of the people. Yes, sir. Muhammad all the people but
05:11But in particular we have to thank Crown Prince Mohammed bin Salman for hosting
05:17these historic talks
05:20and
05:21Talks that went very very well. Steve was there Steve Woodcuff was there and
05:27Michael was there Michael Waltz and others and they really went well. It's a big it's a big step
05:32We got to get that war over with you have to see the people that are dying
05:35I look at the pictures of the satellite pictures of the field. It's a level field and
05:41It it looks like a modern-day version of Gettysburg. And you know what that means. It is just carnage. It's horrible and
05:49You know, it's not American soldiers
05:52It's not even soldiers from the Middle East in the case of Ukraine Russia, but it's it's people
05:57It's young people from Russia and Ukraine mostly that are just being decimated
06:02it's flat fields and a bullet goes and a bullet only stops when it hits somebody and
06:08The level of people being killed in that battle soldiers young
06:12Soldiers in some cases old soldiers because they're running out of people. They're running out of soldiers one case
06:19but think of it a
06:20Modestly successful comedian keep the gravy train going. I don't know what's the problem, but he hasn't been able
06:26He's very upset that he wasn't invited
06:29Come if he wanted to but that he wasn't invited to Saudi Arabia, but
06:32He's been working for three years. He's never been even meetings or phone calls to stop this war. It's a horrible thing
06:38I figure Russia's lost nine hundred thousand soldiers. I think that Ukraine's lost probably seven hundred thousand
06:46And it's a terrible thing. You'll see body parts bodies and body parts all over the field all over
06:52We see him through very accurately through satellites. I
06:56Love Ukraine, but Zelensky has done a terrible job
06:59His country is shattered and millions and millions of people have unnecessarily died
07:05And you can't bring a war to an end if you don't talk to both sides. You got to talk
07:11They haven't been talking for three years
07:13So we hope to see a ceasefire soon and to reestablish stability in Europe and the Middle East
07:19But
07:23Everybody thank you very much
07:25And as I've said before it's my hope that my greatest legacy will be as a peacemaker and a unifier
07:33That would be a great legacy
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