Republican presidential nominee Donald Trump will propose tax breaks for working families and for corporations as he outlines his economic plans on Monday in an effort to regain momentum lost during a damaging spate of controversies.
Advertisement
When he speaks Monday in the city that has become a symbol of the US manufacturing plight, Trump is expected to reiterate his plan for reducing the corporate tax rate to 15 percent from the current 35 percent – in an effort to draw new investment – as well as eliminating the estate tax and calling for a temporary moratorium on new regulations.
Mr. Trump said he wants an across-the-board income tax reduction, which will lead to good-paying jobs.
She has scheduled her own speech in Detroit later in the week.
Trump claims during an economic speech he’s delivering in Detroit that “a vote for Hillary Clinton is a vote for TPP”. It also comes after what was widely seen as his worst week as a presidential candidate for the November 8 election.
Trump got entangled in days of dispute with the parents of a Muslim American soldier who was killed in the Iraq war, and sparred with Republican Party leaders.
In a new proposal, Trump called for allowing parents to fully deduct the average cost of child care from their taxable income. The current corporate rate is 35 percent.
Trump also says that he plans to lay out an education proposal that focuses on school choice as well as one addressing law and order that would propose new funding and support for law enforcement officers.
Trump also would reduce federal regulations that he blames for stifling economic activity.
Both Clinton and Trump view MI as vital to their campaign, and the Democratic nominee is set to follow her opponent with an economic speech, also in Detroit, on Thursday.
“A Trump presidency would cause damage to the American economy and working families”, Clinton’s economic advisers argue in the memo.
A Washington Post-ABC News poll released on Sunday gave his Democratic rival, Hillary Clinton, an eight-point lead, 50 percent to 42 percent.
Milliken said because he feels so “strongly” about the future of the country, he will be supporting the Democratic nominee over Donald TrumpDonald TrumpClinton camp: Trump fundraising a “wake up call” to Clinton supporters: report Central Intelligence Agency veteran expected to announce challenge to Trump Murphy says guns should be litmus test for Dems MORE. In March, the Citizens for Tax Justice said his plan would cost more than tn.
Trump’s Detroit event gives him a chance to outline some substantive policy proposals before a key audience of business leaders.
The remarks were delivered inside a ballroom of Cobo Hall in downtown Detroit, before 1,500 members and guests of the prestigious Detroit Economic Club, a business and professional organization that routinely serves as a stop for presidential candidates.
The New York real estate developer, who has never held elected public office, touts his practical experience on economic matters and potential to create jobs, blaming President Barack Obama for what he calls a weak recovery from the economic recession.
That tax, on investment earnings paid to fund managers, is now taxed like capital gains – at rates far lower than ordinary income.
Trump has vowed to rewrite some worldwide 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 encouraging the outsourcing of jobs that have taken away many middle-class employment opportunities.
Advertisement
Trump’s populist economic message includes a vow to revive manufacturing jobs and renegotiate trade deals to benefit American workers.
