We've lost more than 1/4 of our manufacturing jobs since NAFTA was approved, and we've lost 60,000 factories since China joined the World Trade Organization in 2001. Our trade deficit in goods with the world last year was nearly $800 billion dollars.
To accomplish our goals at home and abroad, we must restart the engine of the American economy--making it easier for companies to do business in the United States, and much harder for companies to leave.
Right now, American companies are taxed at one of the highest rates anywhere in the world. My economic team is developing historic tax reform that will reduce the tax rate on our companies so they can compete and thrive anywhere and with anyone.
And we Democrats are committed to creating the opportunity for every American to succeed by growing our economy with good paying jobs, educating and training our people to fill those jobs, giving our businesses the freedom to innovate, keeping our country safe and providing health care that families can afford and rely on.
Mr. President, as a candidate, you promised to be a champion for families struggling to make ends meet and I hope you live up to that promise. But one of your very first executive orders makes it harder for those families to even afford a mortgage.
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