Our current uncompetitive corporate tax rate encourages U.S. firms to keep profits offshore. In 2016, a Federal corporate tax rate of 20 percent could have brought more than $140 billion in corporate profits back to America, according to an analysis by the Council of Economic Advisers. Those profits could have helped boost the incomes of U.S. households. President Donald J. Trump is committed to investing in American jobs and the Unified Framework for Fixing Our Broken Tax Code will end the “offshoring model” as companies will bring profits back and invest in American workers.
Achieving the American Dream
President Trump issued a Presidential Proclamation designating October 22nd through October 28, 2017 as National Minority Enterprise Development Week. Since our earliest days, hardworking entrepreneurs have driven our Nation's prosperity. During Minority Enterprise Development Week, we recognize the contributions that minority owned businesses make to our economy and our way of life, and we strive to ensure that small business owners have access to the resources they need to achieve the American Dream.
Additionally, the White House is hosting a tax reform town hall today in Bucks County, Pennsylvania, to discuss with hard working Americans how the Administration's tax reform policy prioritizes providing tax relief to middle-income families. Advisor Ivanka Trump and U.S. Treasurer Jovita Carranza will participate.
Read more here.
President Trump to Award the Medal of Honor
This afternoon, President Trump will award the Medal of Honor to United States Army Captain Gary M. Rose (retired) for conspicuous gallantry during the Vietnam War. Captain Rose will receive the Medal of Honor for voluntarily risking his life on multiple occasions during combat operations, while serving as a medic with the 5th Special Forces Group (Airborne).
First Lady’s Inauguration Gown to Smithsonian Exhibit
On Friday, the gown worn by First Lady Melania Trump to the 2017 inaugural celebrations was added to the First Ladies Collection at the National Museum of American History. The exhibit features 26 dresses worn by former First Ladies, providing visitors with a glimpse of the changing role of the First Lady over the past 200 years.
“Today is such an honor as I dedicate my inaugural couture piece to the First Ladies exhibit at the National Museum of American History,” the First Lady said. “In addition to celebrating fashion, which is something I have loved since I was a small child, there is no better way to memorialize such a special evening, and new chapter in the life of our family.”
Read more about the event here.
First Lady Melania Trump at the presentation of her inaugural gown at the Smithsonian National Museum of American History | October 20, 2017 (Official White House Photo by Andrea Hanks)
Today, President Trump will welcome Prime Minister Lee Hsien Loong of Singapore to the White House. After a working lunch, they will give joint statements from the Rose Garden at 1:30pm – Watch Live. In the afternoon, the President will award the Medal of Honor to United States Army Captain Gary M. Rose. Watch live at 3pm ET.
Vice President Mike Pence will deliver remarks at the Marine Barracks in Washington, D.C., to commemorate the anniversary of the 1983 bombing of the Marine barracks in Beirut, Lebanon.
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