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Connecting resolution makers to a dynamic community of data, people and concepts, Bloomberg quickly and precisely delivers business and monetary information, information and insight around the world. From a checking account and cash administration to our cellular banking services, we’ve got what you’ll want to run your business. He identified that international automakers employ Americans in states like Alabama and Kentucky. And he said domestic auto dealers, factories and auto servicing businesses within the U.S. would probably be harm by these tariffs.

So we have had massive tax cuts. And I imply massive. We have had great success from the corporate standpoint and from the folks standpoint. They are going out; they have much more money to spend. And, you realize, something occurred that we did not even expect; nobody talked about it. Once we first had it passed, it began with, properly, AT&T. We would as properly give them credit. But they gave thousand-dollar bonuses to their workers, and that is plenty of employees. Then, unexpectedly, different companies came alongside.

THE PRESIDENT: You recognize, Max mentioned something that nobody thought they’d ever see, and that is one-year expensing. The expensing of apparatus and different issues that you will be investing in, the place you can write it off in a single 12 months, nobody thought they’d ever see that. And that’s had a big impact. I feel that is even bigger than the trillions of dollars that are going to come back back from foreign lands. As a result of as you recognize, the cash was locked out. They’re beneath the outdated laws. You would by no means convey it back in. It was unimaginable, almost.

and every — I imply, we have now heard from so many people. They’re so thrilled. And remember this: This is the last time you’re going to fill up that long, complicated, horrible return. I would say that a few of these tax — (applause) — a few of these firms that do all that work on getting a lot of money for doing your tax returns, they don’t seem to be going to be too pleased with us. However that’s about the one business that won’t be.

As you noticed, Mr. President, Hialeah may be very special. This is a hardworking community. These are hardworking people. These are of us that, again, most of them got here from a spot the place freedom does not exist. They work hard and so they perceive that when the federal government takes their cash — once more, it’s their money — and sort of, does some things that are not very productive, they perceive that’s not the best way to do it.