Trump added that if somehow the US economy can hit 4 percent growth, his tax plan actually begins to reduce the deficit.
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According to his campaign’s calculation, his fiscal plan would lead to a more than 2 percent growth; more towards 3.5 percent and would create 25 million new jobs.
So basically, they can’t release them because then everyone would see them and talk about them and then people wouldn’t be talking about whatever Trump wanted them to be talking about.
“My great economists don’t want me to say this, but I think we can do better than that”, he said of a 4 percent growth goal Thursday.
Robust economic growth, he said, would help America recover from its financial woes.
15, called for a US goal of 4 percent annual economic growth, saying his plans to cut taxes, eliminate regulations and revamp USA trade policy would create 25 million new jobs over a decade.
Democrats in the Senate pushed for new legislation that would require future presidential candidates, and Trump himself, to release their returns if they accept their respective party’s nomination. In a question-and-answer session, he added that his plan would decimate the tax preparer industry.
He also restated his promise to slash taxes from 35 percent to 15 percent and realign the tax bracket system from a seven bracket system to a three bracket tax plan which includes brackets of 12 percent, 25 percent, and 33 percent, similar to a plan laid out by Speaker of the House Paul Ryan (R-Wis.).
Trump’s projections are based on rosy forecasts of the job gains that would result from tax cuts and reduced regulation.
The reproduction of the story/photograph in any form will be liable for legal action. He also reiterated his tough stance on trade, calling it “the foundation for everything”.
However, Trump still seems to be using the “new math” when he insists he would cut $1 trillion over a decade from the federal budget – without touching Social Security, Medicare, Medicaid or defense.
“Our plan will produce paychecks, and they’re going to be great paychecks for millions of people now unemployed”, he said.
Donald Trump calls his plan “the most pro-growth, pro-jobs, pro-family plan put forth perhaps in the history of our country”. The Republican nominee’s official reason for breaking with this precedent is that he is now under audit by the IRS. “Now cars are made in Mexico and you can’t drink the water in Flint”.
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The Republican nominee attacked Democratic nominee Hillary Clinton, and said that her economic plan, “offers only more taxing, regulating, more spending and more wealth redistribution, a future of slow growth, declining incomes, and dwindling prosperity”.
