Under the current tax code’s uncompetitive corporate tax rates, wage growth stagnates. Hardworking Americans don’t experience the wage growth they should. But fixing our broken tax code can help make our economy more productive and more profitable. Read more about the Unified Framework for Tax Reform supported by President Donald J. Trump here.
Kick-Starting the American Economy into High Gear
There’s a disconnect between America’s corporate profits and America’s real wages. On Friday, the Council of Economic Advisers released a report on the relationship between the corporate tax rate and gross domestic product (GDP). GDP growth has stalled below its post-World War II average (about 3 percent) for the last decade. Improving our tax policies, such as cutting corporate taxes and allowing capital investments to be written off, will jumpstart America's economic engine.
See the full report here.
President Trump Takes Action Against the Nation's Opioid Crisis
Last week, President Trump continued the mobilization of his Administration to address drug addiction by directing the declaration of a Nationwide Public Health Emergency to address the opioids crisis. The action allows for expanded access to telemedicine services, including services involving remote prescribing of medicine commonly used for substance abuse or mental health treatment.
In 2016, more than two million Americans had an addiction to prescription or illicit opioids. This directive will help states and local communities better fight this battle, and strengthen the tools available at the federal level, ensuring people have access to the help they desperately need, and deserve.
See more here.
Vice President Pence Delivers Remarks at Minot Air Force Base
On Friday, Vice President Pence gave remarks to Airmen at Minot Air Force Base in North Dakota. He expressed gratitude on behalf of the President and citizens of the United States for their service to our Nation, and dedication to defend our freedom and way of life. The Vice President also reassured the Administration's commitment to strengthening the United States’ Armed Forces, proclaiming that the era of budget cuts to the American military has ended.
“Our President has already signed the largest increase in defense spending in nearly 10 years. And as we speak, we're working with the Congress to pass the largest investment in our national defense since the days of Ronald Reagan. Under this Commander-in-Chief, the era of budget cuts to the American military are over,” Vice President Pence said.
Read the Vice President's full remarks here.
President Donald J. Trump and First Lady Melania Trump deliver remarks on combatting drug demand and the opioid crisis | October 26, 2017 (Official White House Photo by Andrea Hanks)
This morning, the President Trump will receive his daily intelligence briefing, followed by a meeting with Secretary of State Rex Tillerson. In the afternoon, the President will have lunch with Vice President Mike Pence and Attorney General Jeff Sessions. Later, the President will meet with Secretary of the Defense James Mattis.
The Vice President will participate in a swearing-in ceremony for Steve King as U.S. Ambassador to the Czech Republic.
This evening, the White House will welcome local students, military families, and community groups for an afternoon of Halloween festivities on the South Lawn. President Trump and First Lady Melania Trump will hand out cookies created by the White House Pastry Kitchen, and various departments and agencies such as the United States Secret Service, National Aeronautics and Space Administration, Federal Emergency Management Agency, National Park Service, and the Department of Education will also be on hand to give out various items and participate in the festivities. Watch live here at 5:45 ET.
On Friday, President Trump departs on a 10-day trip to Asia, his fourth international trip as President. The President will participate in a series of bilateral, multilateral, and cultural engagements demonstrating his continued commitment to the alliances and partnerships of the United States in the region, and strengthening international commitment to the denuclearization of North Korea.
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