The White House - 1600 Daily: Tax Reform Means Better Business for America

President Trump’s tax reform plan will jumpstart America’s economic engine by making it the most desirable country in the world for businesses to invest and grow. By lowering the corporate tax rate from 35 to 20 percent, the “American Model” will encourage businesses to return from overseas, bringing trillions of dollars into the American economy. To learn more about the Unified Framework for Tax Reform, visit whitehouse.gov/taxreform.

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Captain Gary M. Rose Receives Medal of Honor
On Monday, President Donald J. Trump awarded the Congressional Medal of Honor to Captain Gary Michael “Mike” Rose (retired). Rose, a United States Army Captain, received the highest military honor for conspicuous gallantry during the Vietnam War, where he risked his life to administer lifesaving aid to his comrades in spite of severe injury and enemy fire. From September 11 through September 14, 1970, while his unit was engaged with a much larger force deep in enemy-controlled territory, then-Sergeant Rose repeatedly ran into the line of enemy fire to provide critical medical aid to his comrades, using his own body on one occasion to shield a wounded American from harm.
On the final day of the mission, although wounded himself, Sergeant Rose voluntarily exposed himself to enemy fire while moving wounded personnel to the extraction point, loading them into helicopters, and helping to repel an enemy assault on the American position. As he boarded the final extraction helicopter, intense enemy fire hit the helicopter, causing it to crash shortly after takeoff. Again, ignoring his own injuries, Sergeant Rose pulled the helicopter crew and members of his unit from the burning wreckage and provided medical aid until another extraction helicopter arrived.
“[Y]our will to endure, your love for your fellow soldier, your devotion to your country inspires us all,” the President said. “Nations are formed out of the strength and patriotism that lives in the hearts of our heroes.”
Read more here.
Vice President Participates in Commemoration of 1983 Tragedy
Vice President Mike Pence delivered remarks at the Marine Barracks in Washington, D.C., on Monday morning to commemorate the 34th anniversary of the 1983 bombing of the Marine barracks in Beirut, Lebanon. Vice President Pence praised the courage of the Marines who were sent to Lebanon to help protect the innocent and prevent a civil war from becoming an even greater tragedy. “[B]ecause of the principles for which they stood and the peace for which they strived, these heroes aroused the attention of great evil,” Pence said, describing what was the beginning of the global war on terror.
The Vice President paid his respects to the fallen and commended those who are currently fighting to defend American freedom.
Creating Jobs, Creating Growth, and Offering Relief to Families
On Monday, Advisor Ivanka Trump attended a tax reform town hall in Bucks County, Pennsylvania, where she discussed the Trump Administration’s unified tax reform plan. She was joined by U.S. Treasurer Jovita Carranza as she delivered remarks to a crowd of roughly 250 attendees.
“There are so many elements squarely targeted at creating jobs, creating growth, and offering relief to our middle-income families,” Trump said, as she continued to tout the merits of the tax-overhaul effort.
The tax reform plan is aimed at simplifying the tax code and increasing U.S. competitiveness on the global stage. Tax reform will provide middle-class relief by permanently reducing tax rates and it will lower the corporate tax rate and give American businesses the competitive edge in the global market. The tax code will be simple, fair, and easy, eliminating loopholes and ensuring that 90% of Americans will be able to file their taxes on one sheet of paper. Finally, the tax reform plan will bring back trillions of dollars in wealth parked overseas, allowing those dollars to be re-invested in American workers, jobs, and companies.
President Trump’s tax reform plan is pro-growth, pro-jobs, pro-worker, and pro-American. Learn more about his tax reform plan here.

Photo of the Day

President Donald J. Trump presents the Medal of Honor to Retired U.S. Army Captain Gary M. Rose | October 23, 2017 (Official White House Photo by Shealah Craighead)

POTUS TODAY

Today, winners of the National Minority Enterprise Development Week Awards Program will be visiting the White House for ceremonial recognition by President Trump and Secretary of Commerce Wilbur Ross. These awards celebrate the achievements of minority entrepreneurs and recognize individuals and organizations that are committed to advancing global minority business enterprise.
Later, President Trump will also participate in the swearing-in ceremony of Callista Gingrich as U.S. Ambassador to the Holy See. And this afternoon, the President will head to the Capitol and participate in the Senate Republican Policy Lunch to discuss tax reform.