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Sam Adams founder and Newton resident Jim Koch was invited to have dinner with President Donald Trump and other business leaders Tuesday evening in Bedminster, NJ.


The Boston Business Journal has posted a transcript here

KOCH: I’m not quite sure why I’m here. I’m like the smallest company by far. I’m Jim Koch, and I started making Sam Adams beer in my kitchen 37 years ago (inaudible) the designated drink. (Applause.) At least I brought the beer. (Laughter.) (Inaudible.) And I guess I’m sort of speaking on behalf of what is now 7,000 small brewers in the United States.

TRUMP: Right.

KOCH: When I started Sam Adams, American beer was a joke, and it pissed me off. And now, American brewers make the best beer in the world. And the tax reform was a very big deal for all of us, because 85 percent of the beer made in the United States is owned by foreign companies.

TRUMP: That’s right.

KOCH: I mean, Americans — I’m the largest American-owned brewery at 2 percent market share. We were paying 38 percent taxes —

TRUMP: Wow. But you’ve done a great job. Great job.

KOCH: — and competing against people who were paying 20. And now we have a level playing field, and we’re going to kick their ass.

TRUMP: Yeah. That’s good. We’ve done that. That was a very unfair situation. That’s right. Good job. That’s a really good job. (Applause.)

KOCH: Thank you. My wife Cynthia —

TRUMP: Hi, Cynthia.

KOCH: — working with the White House on health (inaudible).

TRUMP: That’s right. That’s exactly. Thank you very much. Thank you. Great job.