PRESIDENT TRUMP: The centerpiece of my plan for a manufacturing renaissance will be a 15% Made in America Tax Rate. So I brought the business tax rate from 39%, to 21% and people said that was impossible to get done, we got it done, and I got it passed in Congress—and we did more business and created more jobs than ever before in our history. Now I’m taking it from 21%, to 15%, but ONLY if you manufacture your product here in the USA, just like you did when you were the furniture capital of the world. THEN, I’m imposing tariffs on your competition from foreign countries, which stole all your business and jobs years ago, so now they won’t be able to compete with North Carolina anymore. All your furniture makers are going to come back. You will have more jobs than ever before. This is why people and countries want to kill me!
Video transcript
The centerpiece of my plan for a manufacturing renaissance will be a 15% made in America tax rate. You have to make it in America. Though the tax rate is going down to 15% if your product is made in America like this product is made in America. So I brought the business tax rate from 39% to 21%, the biggest decrease, biggest cut in taxes in the history of our country. And people said that that was impossible to get done, but I got it done and I got it actually passed in Congress so it cannot be changed easily even though they want to change it and raise it way back up and lose all your jobs. If she gets in they're going to want to make it 38, 40, maybe even 50%. I got it done, I got it approved in Congress and we did more business and created more jobs during that period than at any time in our country's history. Now I'm taking it a step further. We're going to bring the 21% rate which everyone said we could never get down to 15% but only if you manufacture your product here in the USA just like you did when you were the furniture capital of the world. That's why those furniture companies and you still have your craftsmen here. Unfortunately they're doing other jobs that they don't want to be doing. They love making furniture. I know the furniture guys. They don't want to be doing other jobs. They want to be making furniture. They're artists. Those people are going to be coming back into the furniture business. Then next I'm imposing tariffs on your competition from foreign countries, all these foreign countries that have ripped us off which stole all of your businesses and all of your jobs years ago and took your businesses out so that now they won't be able to compete with North Carolina or businesses in any other state in our once great country, soon to be greater than ever before country. All of your furniture makers are going to come back and come back bigger and stronger and better than ever before. They're mostly gone. They're all coming back. This is why people in countries want to kill me. They're not happy with me. It is. It's a risky business. This is why they want to kill me. They only kill consequential presidents. Remember that.
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