The President: My fellow Americans,
Since Day One, my administration has been
hard at work, tearing down the barriers to job
creation and economic growth.
We have removed one job-killing regulation
after another - they're not pretty
and they're going.
And believe me, we are just getting started
on regulations.
They're gone.
On Thursday, the House voted to repeal one of the
worst job-killing laws of all.
It's called ObamaCare, perhaps you've heard of it.
Everywhere we look, ObamaCare is collapsing.
The House Bill is a plan that will save Americans
from this disaster, and replace it with more
choices, and more freedom for American families.
Most importantly, it will be great healthcare, and
your premiums will come down, and your deductibles
will come down.
So you'll have better healthcare at a lower cost.
And now, I'm calling on the Senate to take action.
Repealing and replacing ObamaCare will be a big,
big win for the American People.
Last week, my economic team outlined another step
in our economic renewal: a massive tax cut to bring
jobs and prosperity back to the USA.
We pay the highest taxes anywhere in the world.
No country is higher, and we're bringing them down
-and I mean way down.
I am proposing-actually the single largest tax
cut-in American history.
Our tax relief will be focused on the Middle
Class, including much-needed relief for low
and middle-income parents raising children.
As we provide tax relief to working families, we
must also stop crippling American Industry.
Right now, America's businesses are taxed at
the single highest rate in the developed world.
This is a self-inflicted economic wound that sends
jobs to other countries.
And believe me, before I got here, they were
fleeing fast, but we've stopped it.
We want to turn our country into a jobs
machine-a jobs magnet, something that
really works again.
We want America to be the best place in the world to
hire, grow, invest, and start a brand-new,
beautiful business.
And that is why under our plan, we are cutting the
business tax rate all the way down to 15 percent,
bringing thousands of new companies and millions of
new jobs to our shores.
Today's high taxes on American Business are a
gift to the foreign countries taking our jobs,
factories, and wealth-and we're not going to
allow it any longer.
Along with our historic tax cut we are proposing
dramatic tax simplification.
American taxpayers spend billions of hours each
year complying with our archaic tax laws, reducing
economic productivity and job creation.
The complexity of the tax code also disadvantages
small businesses and family-owned companies who
can't afford to hire an army of lawyers, and
that's what it is, it's an army of lawyers, and
lobbyists, or accountants.
Other people can do it, you can't, and it's not
fair to ask you to even think about it.
That is why we are cleaning up the code,
streamlining deductions, and eliminating many
special interest tax breaks that largely
benefit only the wealthy.
Just weeks ago, millions of Americans filed their
taxes on Tax Day-they were reminded again how much
they give to Washington.
We believe every day Americans know better how
to spend their own money than the federal
bureaucracy, and we want to help them keep as much
of that hard-earned money as we can.
Tax reform, along with regulatory relief and fair
trade deals-and we're going to make them
fair-but even really good again for our country, and
for our workers.
All of this will usher in a new era of prosperity in
America - and bring wealth, hope, and
opportunity to those communities that
need it the most.
Together, we are going to fight for every
last American job.
And we are going to fight for great, great trade
deals that are so good for our workers, and so good
for our families.
Thank you, God Bless You, and God Bless America.