In his weekly address, President Donald Trump talks about repealing and replacing Obamacare, as well as tax reform for working families and businesses.

"My fellow Americans, since day one my administration has been hard at work tearing down the barriers to job creation and economic growth. We have removed one job killing regulation after another, they're not pretty and their going and believe me, we are just getting started on regulations, they're gone.

"On Thursday, the House voted to repeal one of the worst job killing laws of all, its called Obamacare, perhaps you've heard of it/

"Everywhere we look, Obamacare is collapsing, the House bill is a plan that will save Americans form this disaster and replace it with more choices and more freedom for American families.

"Most importantly, it will be great healthcare and you're premiums will come down and your deductibles will come down.

"So you'll have better health care at a lower cost, and now I'm calling on the Senate to take action.

"Repealing and replacing Obamacare will be a big big win for the American people.

"Last week my economic team outlines another step in our economic renewal, a massive tax cut to bring jobs and prosperity back to the USA. We pay the highest taxes anywhere in the world, no country is higher and we're bringing them down.

"And I mean way down, I'm proposing actually the single largest tax cut in American history. Our tax relief will be focused on the middle class, including much needed relief for low and middle income parents raising children.

"As we provide tax relief for working families we must also stop crippling American industry.

"Right now, America's businesses are taxed at the single highest rate in the developed world. This is a self-inflicted economic wound, that sends jobs to other countries and believe me before I got here they were fleeing fast, but we've stopped it.

"We want to turn our country into a jobs machine, a jobs magnet something that really works again. We want America to be the best place in the world to hire, grown, invest and start a brand new beautiful business, and that is why under our plan we are cutting the business tax rate all the way down to 15%, bringing thousands of new companies and millions of new jobs to our shores.

"Today's high taxes on American business are a gift to the foreign countries taking our jobs, factories and wealth and we're not going to allow it any longer. Along with our historic tax cut, we are proposing dramatic tax simplification.

"American tax payers spend billions of dollars each year, complying with our archaic tax laws, reducing economic production and creation.

"The complexity of the tax code also disadvantages small businesses and family owned companies who cant afford to hire an army of lawyers, and that's what it is, an army of lawyers and lobbyists, accountants, other people can do it, you can't and its not fair to ask you to even think about it."