With a speech Monday to the prestigious Detroit Economic Club, the Republican presidential nominee seeks to reset his campaign and delve into a subject that is seen as one of his strengths.
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The ability to manage the US economy remains one of Trump’s strengths in the eyes of voters, and a recent NBC News/Wall Street Journal poll found Trump leading Clinton on “Dealing with the economy” by 4 points, despite Clinton’s overall 9-point lead.
On Thursday, Democratic presidential candidate Hillary Clinton will offer her vision for creating jobs in the US through investing in the country’s infrastructure and manufacturing communities.
Clinton will deliver her own economic policy speech this Thursday, also in Detroit. You can find a live stream here, or simply scroll to the bottom of this page, where the video feed is embedded. According to a preview released by the campaign, it would have just three tax brackets (one fewer than the tax plan he released last September, which was removed from his website in the last 24 hours), would limit taxes on all forms of business income to 15%, would end the estate and would “exclude childcare expenses from taxation”.
Mr. Trump has also outlined a tax-cut plan that would sharply lower income-tax rates on individuals and businesses.
Clinton will offer her own economic vision in a speech in MI on Thursday.
Trump’s Detroit event gives him a chance to outline some substantive policy proposals before a key audience of business leaders.
It isn’t clear whether Monday’s speech will include details on how such a tax break might be structured and whether it would be available to families that don’t pay income taxes.
The New York real estate developer prides himself on his economic expertise and job-creating ability and blames President Barack Obama for what he calls a weak recovery from the 2008-2009 recession. He also will propose an increase in the standard deduction for families and special deductions for childcare and the elderly, Kudlow said.
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Trump has vowed to rewrite some global trade deals, including the North American Free Trade Agreement of 1994, a deal linking the economies of the United States, Mexico and Canada and signed into law by Clinton’s husband, then-President Bill Clinton. Critics blame NAFTA for costing American jobs. Trump blames an excess of red tape for stifling economic activity.
