Donald Trump signed an executive order on Wednesday ordering the scrapping of federal benefits for people in the United States illegally, the latest skirmish in his crackdown on illegal immigration.
The White House said the order seeks to end “all taxpayer-funded benefits for illegal aliens”, although a 1996 overhaul of welfare law already denies most public benefits to people in the country illegally.
Trump’s order claims that the law has been “repeatedly undercut”, however, once more blaming the Joe Biden administration for squandering taxpayer’s money.
Over on Truth Social, the president followed his vicious attacks on Ukrainian President Volodymyr Zelensky yesterday by posting an endorsement of his position from billionaire ally Elon Musk.
“The President’s instincts on Ukraine are absolutely right,” Trump quotes Musk as saying.
“It is really sad that so many parents have lost their sons, and so many sons their fathers in this pointless war.”
Earlier, the president had spoken at the Saudi-backed FII Priority Summit in Miami at which he doubled down on his attack on Zelensky, whom he called a “dictator” for not holding elections during the three-year war after the Ukrainian leader accused him of living in a Russian “disinformation space.”
Key Points
- Donald Trump signs order slashing benefits for illegal immigrants
- Elon Musk backs Trump over ‘pointless’ Ukraine war
- President attends Saudi-backed conference in Miami, talks DOGE dividend to Americans
- Commerce Secretary Howard Lutnick says Trump's goal is 'to abolish the Internal Revenue Service'
- Trump can’t shut down birthright citizenship, appeals court rules
Zelensky is no dictator, says Starmer in rebuke to Trump
09:45
,
Joe Sommerlad
In the wake of Trump’s astonishing attack yesterday on the Ukrainian President, whom he called a “dictator” for not holding elections during the three-year war after the leader accused him of living in a Russian “disinformation space”, Sir Keir Starmer has leapt to the embattled Zelensky’s defense.
Here’s Mille Cooke on what the British PM had to say, potentially risking friendly relations with Trump in the process.
Truth Social: Musk backs Trump over ‘pointless’ Ukraine war as president delivers important desk update
09:30
,
Joe Sommerlad
Over on Truth Social, in amongst the usual deluge of favorable press clippings and excerpts from his appearance baty a Saudi-backed conference in Miami yesterday (more on which in a moment), the president followed up his vicious attacks on Ukraine’s Volodymyr Zelensky yesterday by posting an endorsement of his position from billionaire ally Elon Musk.
“The President’s instincts on Ukraine are absolutely right,” Trump quotes Musk as saying.
“It is really sad that so many parents have lost their sons, and so many sons their fathers in this pointless war.”
Elon Musk: “The President’s instincts on Ukraine are absolutely right. It is really sad that so many parents have lost their sons, and so many sons their fathers in this pointless war.”
— Donald J. Trump Posts From His Truth Social (@TrumpDailyPosts) February 20, 2025
Donald Trump Truth Social Post 07:40 PM EST 02/19/25
Also on the same platform, the president posted an update on the whereabouts of the Resolute Desk after it was removed from the Oval Office for refurbishment, just in case that was keeping you up at night.
A President, after election, gets a choice of 1 in 7 desks. This desk, the “C&O,” which is also very well-known and was used by President George H.W. Bush and others, has been temporarily installed in the White House while the Resolute Desk is being lightly refinished—a very… pic.twitter.com/e7QhRRTKhA
— Donald J. Trump Posts From His Truth Social (@TrumpDailyPosts) February 20, 2025
Donald Trump signs order slashing benefits for illegal immigrants
09:15
,
Joe Sommerlad
Donald Trump signed an executive order on Wednesday ordering the scrapping of federal benefits for people in the United States illegally, the latest skirmish in his crackdown on illegal immigration.
The White House said the order seeks to end “all taxpayer-funded benefits for illegal aliens”, although a 1996 overhaul of welfare law already denies most public benefits to people in the country illegally.
Trump’s order claims that the law has been “repeatedly undercut”, however, once more blaming the Joe Biden administration for squandering taxpayer’s money.
“Over the last four years, in particular, the prior administration repeatedly undercut the goals of that law, resulting in the improper expenditure of significant taxpayer resources,” it states
As it stands, illegal immigrants to the U.S. are entitled only to emergency medical care and their children are entitled to free K-12 public education, regardless of their immigration status, under a 1982 Supreme Court ruling, but that’s about it.
Trump’s order ultimately appears to be directed at Biden’s extensive use of parole authority to allow people into the country temporarily, including more than 900,000 through an online appointment app called CBP One used at border crossings with Mexico and more than 500,000 Cubans, Haitians, Nicaraguans and Venezuelans who flew to the U.S. at their own expense with a financial sponsor.
Trump immediately ended both programs.
Biden also granted parole to nearly 300,000 people from Ukraine and Afghanistan.
People granted parole for at least a year are considered “qualified non-citizens”, making them eligible for some income-based benefits, but only after five years.
IRS to fire 6,700 staff in Trump and Musk’s DOGE purge weeks before Tax Day
09:00
,
Oliver O'Connell
The Internal Revenue Service will lay off more than 6,000 employees Thursday as part of President Donald Trump’s push to slash federal spending, a source familiar with the move told Reuters.
The layoffs targeting 6,700 probationary employees — that is, those employed for less than a year — come in the middle of tax season. That group of workers represents a little over one-third of all probationary employees.
Katie Hawkinson reports.
Commerce secretary says Trump's goal is 'to abolish the internal revenue service'
08:30
,
Oliver O'Connell
In an appearance on Fox News on Wednesday evening, Commerce Secretary Howard Lutnick told host Jesse Watters that President Donald Trump has a very simple goal: to abolish the IRS.
“Donald Trump announced the External Revenue Service and his goal is simple: to abolish the Internal Revenue Service and let all the outsiders pay,” said Lutnick.
Lutnick: Donald Trump announced the external revenue service, and his goal is simple: to abolish the internal revenue service and let all the outsiders pay. pic.twitter.com/k8KIUS8evR
— Acyn (@Acyn) February 20, 2025
He continued: “We have to use tariffs, we have to use the External Revenue Service to take care of America and cut the scams and the abuse, the waste, and let's make America great. Great. Not great like 20 years ago. We mean great as in no deficit and basically try to eliminate the Internal Revenue Service.”
Lutnick: We have to use tariffs, we have to use the external revenue service to take care of America and cut the scams and the abuse, the waste, and let's make America great. Great. Not great like 20 years ago. We mean great as in no deficit and basically try to eliminate the… pic.twitter.com/h8eOr3KH0k
— Acyn (@Acyn) February 20, 2025
Earlier in the segment, speaking about entitlements, waste, and fraud, and Elon Musk’s DOGE, Lutnick said: “Think about it: we have almost $4 trillion of entitlements, and no one has looked at it before. You know Social Security is wrong, you know Medicaid and Medicare are wrong so [Elon’s] going to cut one trillion…”
Lutnick: Think about it, we have almost $4 trillion of entitlements and no one has looked at it before. You know social security is wrong, you know medicaid and medicare are wrong so he's going to cut one trillion… pic.twitter.com/hpFobg6FW4
— Acyn (@Acyn) February 20, 2025
Trump's cuts have left national parks 'understaffed and facing tough decisions'
08:00
,
Oliver O'Connell
The Trump administration has fired about 1,000 newly hired National Park Service employees who maintain and clean parks, educate visitors and perform other functions as part of its broad-based effort to downsize government.
The firings, which weren't publicly announced but were confirmed by Democratic senators and House members, come amid what has been a chaotic rollout of an aggressive program to eliminate thousands of federal jobs. The plan is led by billionaire Elon Musk and the new Department of Government Efficiency, a Trump administration effort to slash federal spending.
Adding to the confusion, the park service now says it is reinstating about 5,000 seasonal jobs that were initially rescinded last month as part of a spending freeze ordered by President Donald Trump.
Read on...
Hegseth orders Pentagon to cut 8 percent of budget for each of the next five years
07:30
,
Oliver O'Connell
Newly confirmed Secretary of Defense Pete Hegseth is instructing Pentagon leadership to begin preparing for an 8 percent budget cut in each of the next five years.
The cuts are expected to span across the following areas: Operations at the southern border, modernization of nuclear weapons, missile defense and acquisition of submarines, and one-way attack drones and other munitions, according to a memo obtained by The Washington Post.
Michelle Del Rey reports.
Trump suddenly very concerned about the gold at Fort Knox
07:00
,
Oliver O'Connell
Trump on DOGE: We’re going to go into Fort Knox to make sure the gold is still there. You know that? We’re going to go into Fort Knox. You know about that? We hope everything is fine with Fort Knox. But we’re going to go to Fort Knox and make sure the gold is still there. pic.twitter.com/Cd3E88ZEzy
— Acyn (@Acyn) February 20, 2025
You might wonder why the President of the United States would suddenly be interested in whether there is still gold in Fort Knox.
Chris Megerian of the Associated Press points out that Elon Musk has been posting about it for the last few days.
“Who is confirming that gold wasn’t stolen from Fort Knox?” he wrote Monday. “Maybe it’s there, maybe it’s not.”
Musk and Trump could ask Treasury Secretary Scott Bessent about the issue.
Earlier Wednesday, Dan O’Donnell, a talk show host in Wisconsin, asked him about the conspiracy theory.
“We do an audit every year,” Bessent said. “All the gold is present and accounted for.”
“This is something that people are apparently very concerned about,” O’Donnell said. “Elon Musk has been promising to verify that the gold is still there.”
Bessent said he would be happy to arrange an inspection for any senator who is interested.
Amid Boeing delays, will Trump replace Air Force One with... used planes?
06:30
,
AP
President Donald Trump said Wednesday he is considering buying used Boeing aircraft — perhaps from an overseas seller — to use as Air Force One when he's aboard, as he fumes over the U.S. plane-maker's delays in producing two specially modified ones for presidential use.
Speaking to reporters aboard one of the two nearly 35-year-old Boeing 747-200 aircraft in current use, Trump said, “We’re looking at alternatives, because it’s taking Boeing too long.”
“We may go and buy a plane,” Trump said, adding that he could then “convert it.”
Read on...
Maria Bartiromo stopped in her tracks for peddling Trump’s false claim about Zelensky
06:00
,
Oliver O'Connell
Kremlin critic Bill Browder immediately corrected MAGA-boosting Fox Business host Maria Bartiromo on Wednesday after she trumpeted President Donald Trump’s false claim that Ukrainian President Volodymyr Zelensky only holds a 4 percent approval rating in his country.
“That number comes out of thin air,” Browder told the Fox anchor during an interview.
Justin Baragona has the story.
What do GOP senators think about Trump's 'dictator' comment about Zelensky?
05:30
,
Oliver O'Connell
In short, they’re not fans...
Senate Rs react to Trump calling Zelensky "dictator"
— Jack Detsch (@JackDetsch) February 20, 2025
THUNE: "Russia’s the aggressor here"
TILLIS: "There is no [moral] equivalency between [Putin] and [Zelensky]."
CRAMER: Trump “factually wrong” about Zelensky
KENNEDY: "I trust [Putin] like I trust gas station sushi."
What would a Ukraine election look like after Trump labels Zelensky ‘dictator’?
05:00
,
Oliver O'Connell
Albert Toth writes:
Regardless, the agreement made between Russia and the US this week may well force Ukraine’s hand and set the stage for elections in the country at some point in 2025. Here’s what that could mean:
Trump gets a temporary desk
04:45
,
Oliver O'Connell
President Donald Trump wrote on Truth Social upon his return to the White House this evening:
A President, after election, gets a choice of 1 in 7 desks. This desk, the “C&O,” which is also very well-known and was used by President George H.W. Bush and others, has been temporarily installed in the White House while the Resolute Desk is being lightly refinished—a very important job. This is a beautiful, but temporary replacement!
A President, after election, gets a choice of 1 in 7 desks. This desk, the “C&O,” which is also very well-known and was used by President George H.W. Bush and others, has been temporarily installed in the White House while the Resolute Desk is being lightly refinished—a very… pic.twitter.com/e7QhRRTKhA
— Donald J. Trump Posts From His Truth Social (@TrumpDailyPosts) February 20, 2025
Trump signs more executive orders targeting funding for migrants, nixing regulations
04:30
,
Oliver O'Connell
President Donald Trump signed a raft of new executive orders on Wednesday, including one aimed at preventing taxpayer dollars from supporting illegal immigration and one designed to get rid of regulations the administration considers “overreach.”
The immigration order bars the use of federal money to help migrants in the country illegally and directs all agencies to identify any federally funded programs that do so.
The executive action also ensures that federal funds cannot be used by state or local “sanctuary” jurisdictions. Sanctuary cities prevent local law enforcement from assisting federal civil immigration officers.
In another order, Trump instructed the heads of every agency to review all regulations, working with members of Elon Musk's Department of Government Efficiency. The order said any regulations that are deemed inconsistent with the administration's policies will be rescinded or modified.
The action aims to bolster Musk's sweeping government-slashing effort, the legality of which is being challenged in numerous courts.
Trump also targeted several advisory committees and agencies for elimination as part of his broader campaign to assert control over independent executive agencies.
Among the agencies set to be disbanded are the United States Institute for Peace, which promotes conflict resolution worldwide; the Inter-American Foundation, which funds community development programs in Latin America and the Caribbean; and the U.S. African Development Foundation, which invests in community development efforts in Africa.
Trump signed the new orders on Air Force One, returning to Washington, D.C., after a five-day trip to Florida.
With reporting by Reuters
Australia says Ukraine conflict must be resolved on Ukraine's terms
04:20
,
Reuters
U.S. security ally Australia, which has provided A$1.5 billion ($954 million) in support to Ukraine in its war with Russia, said on Thursday that Moscow was the aggressor in the conflict and it must be resolved on Kyiv's terms.
U.S. President Donald Trump denounced Ukrainian President Volodymyr Zelenskiy as a "dictator" on Wednesday and warned Zelenskiy had to move quickly to secure peace or risk losing his country.
The extraordinary attacks - a day after Trump claimed Ukraine was to blame for Russia's 2022 invasion - heightened concerns among U.S. allies in Europe that Trump's approach to ending the Russia-Ukraine conflict could benefit Moscow.
Watch: Trump says federal government should run District of Columbia
04:15
,
Oliver O'Connell
PRESIDENT TRUMP: "The federal government should take over the governance of D.C. and run it really, really properly." pic.twitter.com/HQe0HhKmLx
— Rapid Response 47 (@RapidResponse47) February 20, 2025
Full story: Trump can’t end birthright citizenship, appeals court rules
04:00
,
Oliver O'Connell
A U.S. appeals court has denied Donald Trump’s bid to end automatic birthright citizenship for the children of immigrants born in the nation.
The San Francisco-based 9th U.S. Circuit Court of Appeals on Wednesday rejected the Trump administration’s request to pause a lower court judge's order halting the president’s executive order, which he signed when he took office a month ago.
Continue reading...
Watch: Trump talks 'DOGE dividend' on Air Force One
03:45
,
Oliver O'Connell
PRESIDENT TRUMP: "A 20% dividend, so to speak, for the money that we're saving by going after the waste and fraud and abuse ... I think it's a great idea." pic.twitter.com/CWXcKyBvZv
— Rapid Response 47 (@RapidResponse47) February 20, 2025
Japan trade minister plans US visit in March to seek tariff exemptions, report says
03:30
,
Oliver O'Connell
Japan's Asahi newspaper reports that Trade Minister Yoji Muto is planning to visit the U.S. in March to seek exemptions from the Trump administration's plans to impose import tariffs on steel and cars.
According to the report, Muto is arranging meetings with newly confirmed U.S. Commerce Secretary Howard Lutnick, Energy Secretary Chris Wright, and other top officials to discuss plans to purchase more American natural gas and Nippon Steel's stranded bid to acquire U.S. Steel.
The minister said last week that Japan has asked the U.S. to exempt it from steel and aluminum tariffs.
Officials have impressed upon their U.S. counterparts how important the car industry is to Japan’s economy, following President Donald Trump's remarks that he intended to put a 25 percent tariff on car imports from April.
Carmakers and their suppliers employ more than 5 million people in Japan — eight percent of the country’s working population — and the transport machinery sector produces approximately three percent of Japan's GDP, according to a government released on Wednesday concerning the tariffs.
A Reuters survey of major Japanese companies found that nearly 90% of them consider Trump's policies harmful to their business environment.
Muto aims to visit the U.S. by March 12, when the 25 percent tariffs on U.S. imports of steel and aluminum are due to take effect. However, Asahi reported, citing multiple unnamed government sources, that the schedule is fluid depending on Japanese parliament budget sessions.
With reporting from Reuters
Trump announces appointments to the Council of Governors
03:13
,
Oliver O'Connell
President Donald Trump has announced new appointments to the Council of Governors, a bipartisan group of state leaders tasked with strengthening state-federal partnerships on key national security, disaster response, and military coordination issues.
The council consists of:
- Governor Glenn Youngkin (VA) – Co-Chair
- Governor Josh Stein (NC) – Co-Chair
- Governor Ron DeSantis (FL)
- Governor Brian Kemp (GA)
- Governor Jeff Landry (LA)
- Governor Wes Moore (MD)
- Governor Gretchen Whitmer (MI)
- Governor Kathy Hochul (NY)
- Governor Josh Shapiro (PA)
- Governor Henry McMaster (SC)
Per the White House:
The Council of Governors was established by the National Defense Authorization Act of 2008 and formally created by Executive Order 13528 in 2010.
It serves as a key forum for governors and federal officials to enhance collaboration on disaster response, National Guard operations, and military integration within the states.
Appeals court denies Trump bid for relief from injunction on birthright citizenship
03:00
,
Oliver O'Connell
A 9th Circuit appeals court panel has denied the Trump administration’s bid for emergency relief from the injunction blocking President Trump’s birthright citizenship executive order.
The court in Washington, D.C. denies Trump’s emergency motion to reverse the lower court’s injunction against the order.
The judges ruled that there was no emergency. More hearings will follow, and the Birthright order is still blocked.
It was supposed to be in effect around today.
JUST IN: A 9th Circuit appeals court panel has denied the Trump administration’s bid for emergency relief from the injunction blocking President Trump’s birthright citizenship executive order. pic.twitter.com/Wkj04j8Shi
— Kyle Cheney (@kyledcheney) February 20, 2025
Here’s what you need to know about one of the many cases challenging Donald Trump’s signature policies.
EDITORIAL: Donald Trump must be persuaded he is wrong about Ukraine
02:30
,
Oliver O'Connell
Mr Trump’s most recent dismissive utterances about Mr Zelensky and his country could quite easily have come from the lips of Vladimir Putin himself. Among other calumnies, Mr Trump claimed that President Zelensky has a miserable 4 per cent approval rating; that the war would have been settled if Ukraine had given up some land immediately; and, most bizarrely of all, that Ukraine started it.
Trump could push for streamlined initial deal on Ukraine minerals, report says
02:13
,
Oliver O'Connell
Reuters reports that the Trump administration may seek to strike a simplified minerals deal with Ukraine to establish a pact quickly and negotiate detailed terms later, such as how much of Ukraine's vast resources the U.S. would own, two people with knowledge of the matter told the agency Wednesday.
This follows Ukrainian President Volodymyr Zelenskiy's rejection last week of a detailed U.S. proposal that would have seen Washington receive 50 percent of Ukraine's critical minerals, including graphite, uranium, titanium, and lithium, the latter of which is a key component in electric car batteries.
That episode made clear that reaching a full deal will take time, the sources said. But President Donald Trump wants a pact with Ukraine before potentially authorizing additional U.S. military support for Kyiv or advancing a proposal to facilitate formal peace talks between Ukraine and Russia to conclude the three-year conflict, which was instigated by Moscow's invasion neighbor.
Trump's Ukraine envoy, Keith Kellogg, is in Kyiv this week to discuss the parameters of a revised pact and what Ukraine needs in return for signing. Zelensky stated he would meet with Kellogg on Thursday, "and it is crucial for us that this meeting - and overall cooperation with America - be constructive."
When asked whether U.S. officials would continue pursuing a deal, a Trump adviser, speaking on condition of anonymity, said about Zelensky: "Absolutely, we need to get this guy back to reality."
The White House did not immediately respond to a request for comment from Reuters.
Hegseth orders Pentagon to cut 8 percent of budget for each of the next five years
02:00
,
Oliver O'Connell
Newly confirmed Secretary of Defense Pete Hegseth is instructing Pentagon leadership to begin preparing for an 8 percent budget cut in each of the next five years.
The cuts are expected to span across the following areas: Operations at the southern border, modernization of nuclear weapons, missile defense and acquisition of submarines, and one-way attack drones and other munitions, according to a memo obtained by The Washington Post.
Michelle Del Rey reports.
Lutnick says Trump's goal is 'to abolish the internal revenue service'
01:32
,
Oliver O'Connell
In an appearance on Fox News this evening, Commerce Secretary Howard Lutnick told Jesse Watters that President Donald Trump has a very simple goal: to abolish the IRS.
“Donald Trump announced the External Revenue Service and his goal is simple: to abolish the Internal Revenue Service and let all the outsiders pay,” said Lutnick.
Lutnick: Donald Trump announced the external revenue service, and his goal is simple: to abolish the internal revenue service and let all the outsiders pay. pic.twitter.com/k8KIUS8evR
— Acyn (@Acyn) February 20, 2025
He continued: “We have to use tariffs, we have to use the External Revenue Service to take care of America and cut the scams and the abuse, the waste, and let's make America great. Great. Not great like 20 years ago. We mean great as in no deficit and basically try to eliminate the Internal Revenue Service.”
Lutnick: We have to use tariffs, we have to use the external revenue service to take care of America and cut the scams and the abuse, the waste, and let's make America great. Great. Not great like 20 years ago. We mean great as in no deficit and basically try to eliminate the… pic.twitter.com/h8eOr3KH0k
— Acyn (@Acyn) February 20, 2025
Earlier in the segment, speaking about entitlements, waste, and fraud, and Elon Musk’s DOGE, Lutnick said: “Think about it: we have almost $4 trillion of entitlements, and no one has looked at it before. You know Social Security is wrong, you know Medicaid and Medicare are wrong so [Elon’s] going to cut one trillion…”
Lutnick: Think about it, we have almost $4 trillion of entitlements and no one has looked at it before. You know social security is wrong, you know medicaid and medicare are wrong so he's going to cut one trillion… pic.twitter.com/hpFobg6FW4
— Acyn (@Acyn) February 20, 2025
COMMENT: Can Starmer build a bridge between the US and Europe strong enough to withstand a Trump kicking?
01:30
,
Oliver O'Connell
Andrew Grice writes:
When Keir Starmer meets Donald Trump in Washington next week, I’m told he will tell the president that the US can achieve much more working with its allies than it can alone.
The prime minister will reassure Trump the UK will boost its defence spending. He will define what he meant by the US needing to be a crucial “backstop” for European forces to safeguard a ceasefire or peace deal in Ukraine – probably air support, intelligence, satellite communications and reconnaissance, but without US combat troops (even if European forces were killed by the Russians).
But can Starmer really be a bridge between the EU and the US?
Continue reading...
Treasury secretary to skip G20 Summit
01:23
,
Oliver O'Connell
Treasury Secretary Scott Bessent will slip the G20 Summit due to “obligations in Washington.”
I will not attend the G20 Summit because of obligations in Washington DC. A Sr. Treasury Official will attend in my place. I am in regular contact w/ my global counterparts working to advance Pres. Trump’s agenda. I look forward to seeing them in DC for the Spring IMF/WB Meetings
— Secretary of Treasury Scott Bessent (@SecScottBessent) February 20, 2025
Experts skeptical as Trump boosts Elon Musk’s plan for ‘DOGE dividend’ checks to taxpayers
01:08
,
Oliver O'Connell
Donald Trump is endorsing an idea from Elon Musk and his supporters to cut Americans a check for “savings” identified by the so-called Department of Government Efficiency.
Speaking at a Saudi-backed investment conference in Miami on Wednesday, the president endorsed an idea to give 20 percent of those alleged savings back to American taxpayers, with another 20 percent to “pay down debt,” Trump said. It is unclear where that remaining 60 percent would go.
Alex Woodward takes a look at the idea, its origins, and its viability.
In resurfaced interviews, Kash Patel called out Elon Musk multiple times for getting rich off taxpayer money
01:00
,
Oliver O'Connell
Kash Patel, President Donald Trump’s pick to lead the FBI, spent years criticizing Elon Musk in public interviews and conversations, a new report reveals.
Patel, who hosted the podcast Kash’s Corner, has called Musk a monopolist, claimed he mass-harvested data and accused him of making his fortune from federal contracts funded by taxpayer dollars, according to Rolling Stone.
Katie Hawkinson has the story.
Trump talks taxes at Miami conference
00:45
,
Oliver O'Connell
President Donald Trump said Wednesday that he will work with Republicans in Congress to significantly reduce taxes on both individuals and companies.
“We're going to dramatically cut taxes for families and for workers and for companies, including no tax on tips and hopefully no tax on Social Security and no tax on overtime,” Trump said at the FII Priority conference in Miami hosted by Saudi Arabia's sovereign wealth fund.
The president stated that his plan will also reduce taxes on domestic oil and gas producers and permit companies to deduct 100 percent of their investments in new domestic factory construction and other capital expenditures.
“If you buy something that is going to be good for our country, we're going to let you expense it,” Trump said.