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00:00We're now in the process of rebuilding America and there's a new optimism sweeping across the country like people have not seen in many many decades. We are here today to continue this great economic revival. I will be signing three presidential directives to further protect our workers and our taxpayers . The first executive action instructs Secretary ammunition to begin the process of tax simplification such a big thing people can't do their returns. They have no idea what they're doing. They're too complicated. This regulatory reduction is a first step toward a tax reform that reduces rates provides relief to our middle class and lowers our business tax which is one of the highest in the world and has stopped us from so much wealth and productivity. Secretary Manute Chin is a leader in our effort to make America competitive again. Would it make it great again. We're gonna make it strong again. We're gonna make it safe again and we're gonna make it competitive again. I'm also issuing two directives that instruct Secretary management to review the damaging Dodd-Frank regulations that fail to hold Wall Street firms accountable. I mean they've done really in many cases the opposite of what they were supposed to. These regulations enshrine too big to fail and encourage risky behavior. We're taking steps to make our economy more fair and prosperous for all as part of our broader financial strategy. We're working to open up lending to small businesses and entrepreneurs including our incredible women entrepreneurs who are doing better and better and better. We want opportunity for everyone and in every single part of our country. Secretary Minuteman and my entire administration are working around the clock to help struggling Americans achieve their financial dreams earn a great paycheck have a job that they love going to every single day and have real confidence in the future. Together we will restore prosperity to this nation a nation that we so dearly love and to bring people who call this home into a great great way of living and a great way of life. They're going to be thrilled we're going to be thrilled and you're going to be seeing some very very major changes you've already seen them. I don't know if anybody's looked recently but you looked at optimism indexes that are just coming out. Manufacturing in particular where it's up to the highest point it's ever been 93 percent. It was a 27 percent increase over the past over the last one. So I just want to thank everybody for being here. This is such a privilege for me to sign. This is really the beginning of a whole new way of life that this country hasn't seen in really many many years. I want to thank you. And I want to God bless America. Thank you. Thank everybody .

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Trump Says Regulatory Reduction First Step to Tax Reform

President Trump speaks about the tax code and financial regulation before signing executive orders that direct the Treasury Department to review tax rules. (Source: Bloomberg)

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