1600 Daily: Everything White House 01/09/18
January 9, 2018
26 years later, a president hears rural America
On January 13, 1992, President George H. W. Bush spoke at the American Farm Bureau Federation’s annual convention in Kansas City, Missouri. Fresh off a 12-day trip to Asia, he talked about trade, security, and prosperity for rural America in the new global economy.
For more than a quarter-century, no American president returned to speak at the convention, which is a staple of the U.S. agriculture industry. Yesterday, President Donald J. Trump broke that trend.
Here is what he told the convention:
- “We have been working every day to deliver for America’s farmers just as they work every day to deliver for us.”
- Tax reform means that “American farmers will be able to deduct 100% of the cost of new equipment in the year you make the investment.”
- “We are reviewing all of our trade agreements to make sure they are fair and reciprocal.”
The President signed two orders moments after he spoke, both of which act on the recommendation of his Agriculture and Rural Prosperity Task Force to expand access to broadband internet in rural America.
The power of conservative voices
“I think from the conservative perspective, we accomplished more thanks to President Trump’s leadership than has been accomplished in more than a generation,” Vice President Mike Pence told Dana Loesch in an interview yesterday.
The Vice President covered a lot of ground with the conservative radio and television host. The two discussed the economy, infrastructure, North Korea, and what to expect from Republicans in 2018. Loesch also asked Vice President Pence about the state of political commentary during the Trump Administration.
“The reality is that great, strong . . . [conservative voices] have, while outnumbered, served to create a tremendous counterweight,” the Vice President said.
Tax reform: Where are we going?
Council of Economic Advisers Chairman Kevin Hassett shares a simple message on tax reform: Wage growth in America has been much too slow for too long, but business tax reform offers a glimmer of hope.
Here is Dr. Hassett’s breakdown:
- “Wage growth has been stagnant for much of the past two decades.”
- “With the Tax Cuts and Jobs Act now enacted, America’s corporate tax position stands to encourage rather than discourage investment and therefore wage growth.”
- What’s next? “The corporate income tax base stands to increase, allowing America’s tax rate to fall while revenues remain unchanged.”
Photo of the Day
This morning, President Trump will host a meeting with bipartisan members of the Senate about immigration. In the afternoon, the President will sign an Executive Order on “Supporting our Veterans during their Transition from Uniformed Service to Civilian Life.”
Later, the President will meet with Secretary of Defense James Mattis.
Vice President Mike Pence will travel to the U.S. Capitol to participate in the Senate Republican Policy Lunch.