President Trump Addresses Economy in McDonald’s Speech – The White House

President Donald J. Trump recently addressed attendees at the McDonald’s Impact Summit, focusing on America’s economy and the progress made since his administration began. He emphasized his commitment to enhancing prosperity and opportunity for all Americans.

Key Highlights from Trump’s Speech

During his remarks, Trump shared several key points regarding the current economic landscape:

• Employment Growth: Trump noted that 1.9 million more American-born workers are employed compared to when he took office.
• Wage Increases: Wages for hourly workers are reportedly rising at the fastest rate seen in 60 years.
• Small Business Support: Trump reiterated his commitment to small businesses, stating he fights daily to ensure their success.
• Affordability Crisis: He claimed the Biden Administration initiated the current affordability crisis, yet highlighted price decreases in various food items.
• Price Changes: In the last six months, he mentioned a 14% decline in breakfast item prices and an 86% drop in egg prices since March.

Tax Cuts and Regulatory Changes

Trump highlighted significant measures taken under his leadership:

• Tax Cuts: In July, he signed into law what he referred to as the largest tax cuts in U.S. history, which include benefits such as No Tax on Tips, No Tax on Overtime, and No Tax on Social Security for seniors.
• Regulatory Relief: His administration rolled back over $1 trillion in regulations, significantly reducing burdens on businesses and helping franchise owners.
• Defense of Franchise Rights: Trump stressed his commitment to protecting the franchise business model by putting an end to the ‘joint employer rule’ established during the Obama administration.

Personal Connection to McDonald’s

In a light-hearted moment, Trump referred to himself as the first former McDonald’s fry cook to serve as President. He commented on his loyalty to the brand, stating he frequently chooses McDonald’s for meals while traveling.

Through these remarks, Trump aimed to reassure Americans of his dedication to creating a thriving economy and supporting small businesses across the nation.