Trump had hoped to get his campaign on track with a major economic address in Detroit Monday.
Advertisement
“We are in a competition with the world, and I want America to win”, Trump told the Detroit Economic Club, as he highlighted “disastrous” policies that he said have snuffed out United States jobs in the almost eight years of Barack Obama’s presidency.
“I want to jump-start America. It can be done, and it won’t even be that hard”, he said. The plan would eliminate the estate tax and reduce tax rates to 10 percent for households earning $100,000 or less.
In 2015, Trump proposed a lower top rate of 25%. Clinton says she opposes TPP but Trump suggested she was concealing her true support, and said the deal would be even worse for Detroit’s automakers than NAFTA.
The 70-year-old real estate mogul also proposed repealing the estate tax, the controversial levy on the estates of the deceased valued at above $5.45 million.
Characteristically short on details, Trump said little about how he would equip American workers to succeed, nor about how returning manufacturing to the US could prove costly for American consumers.
Delivering his speech from a teleprompter, Trump was interrupted repeatedly by protesters who stood on chairs and shouted at him before being pulled out of the room by security guards.
An economic adviser to the campaign, Stephen Moore, who helped work on the speech, said Trump’s policies were aimed at boosting economic growth to bolster middle-class workers, whose wages have stagnated for decades.
Trump said, “There will be no change under Hillary Clinton-only four more years of Obama”.
“We are not interested in economic plans that only help the top 1 percent”, Clinton said.
“He hasn’t offered any plans about infrastructure except building a wall and making Mexico pay for it”, Clinton said.
But because Trump’s revised plan doesn’t cut taxes as sharply as he originally proposed, the nonpartisan Committee for a Responsible Federal Budget called it an improvement on his earlier plan.
The Maine senator doesn’t say whether or not she will vote for Clinton, a third-party choice or leave her ballot blank.
Clinton and her supporters have released a barrage of anti-Trump TV ads, with more likely to come. This time, the battle involves the Republican presidential nominee’s just-announced economic plan. “The rich will pay their fair share, but no one will pay so much that it destroys jobs”, Trump said.
A July 20 analysis by NBC News found the Clinton campaign and Priorities USA, the main pro-Clinton Super PAC, had spent a combined $152 million on TV ads, mostly targeted in nine key battleground states including Ohio.
“Economists left, right, in the middle all say the same things, that Trump’s policies would throw us into a recession”, she said. Though their chants were inaudible, the protests appeared coordinated, and Trump varied between powering through his speech and acknowledging the interruptions. “Together, we will break up the rigged system in Washington, make America safe again, and we will make America great again”, he said.
At a rally in St. Petersburg, Fla., Clinton spoke in some detail about Zandi’s job estimates, saying they proved that the Sunshine State would gain jobs under a Clinton administration while losing them under a Trump administration focused on helping the wealthy.
– Trump was losing college grads in that poll by 24 per cent and women by 28 per cent. He promised hefty tax cuts, fewer restrictions on oil and coal, an expanded child-care tax deduction that would largely benefit prosperous families, a “total renegotiation” of the North American Free Trade Agreement, and an explosion of jobs and wealth he said Hillary Clinton lacks the skills and vision to produce.
Advertisement
Trump’s plan to revitalize the energy industry, including coal, would “open a new chapter in American prosperity”, he said.
