Speaking to Fox News later on Thursday, Trump said he would cut business taxes to bring jobs back to the United States, while Clinton would have to double taxes to meet the increased spending on social programs in her plan.
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The Democratic presidential nominee, who frequently boasts about her numerous policy plans, didn’t offer any new ideas to improve the country’s economy in her afternoon address. In no particular order, the Democratic nominee called for: massive new infrastructure investment, expanding Obamacare, making college more affordable, increasing access to broadband internet, and closing tax loopholes used by corporations and the wealthy, to name a few.
Clinton bashed his plans as an “outlandish, Trumpian” take on “the failed theory of trick-down economics” that even some Republicans reject.
This was to be the week that Trump focused like a laser on the economy and began a serious buttoned down campaign.
Trump has slipped in opinion polls, and anxious Republican Party leaders have urged him to stop making off-the-cuff inflammatory statements that generate blanket, often negative, media coverage and distract from efforts to highlight what they see as Clinton’s many shortcomings. She is expected to release her 2015 tax filing this week, along with 10 years worth of her running mate, Virginia Sen.
Trump, a NY businessman, has refused to release his tax returns, saying they are under audit by the Internal Revenue Service.
Clinton’s campaign has already released tax returns going back to 2007 as she began her first presidential bid. Tim Kaine’s, tax returns.
The high level RNC source added “there have been talks about the handling of (Khizr) Khan and about (House Speaker Paul) Ryan, but the issue of reallocation of resources has never been on the table”.
Thursday’s speech comes days after Trump’s economic speech Monday to the Detroit Economics Club.
In an unnerving example of campaign security tensions, an animal rights activist appeared to rush the stage as Clinton spoke Wednesday, but was tackled and removed by security.
“We’ve really been given a false narrative”, Trump said of his struggles in Utah.
Barring something insane happening, Donald Trump is going to lose in November – probably quite badly – and it appears Trump may be starting to realize this. “The answer is to finally make trade work for us, not against us”, Clinton added. While not specifying exact levels in her speech Thursday, Clinton has supported a federal minimum of $12 an hour, while encouraging states and localities to push for a $15 minimum as they see fit.
Trump wants to cut taxes for businesses and workers, and go with a three-bracket income tax system that’s close to what House Republicans have recommended. He also called for greater child care deductions for families. He says he won’t release them until an audit is finished.
Clinton had also previously supported the North American Free Trade Agreement, which was signed by former President Bill Clinton, her husband, and which Trump routinely disparages as bad for American jobs.
Both candidates chose tightly contested MI – specifically, the Detroit area – to make their updated economic pitches.
The NRA defended Trump’s comments in a tweet calling on gun rights supporters to vote for the GOP nominee. Clinton emerged from the Democratic National Convention in late July with a sizable nine to 10 percentage point bump over Trump in the national polls. There are some who say that it is time for the magnate to pull out of the race since with every word he pronounces, they say that he is losing more votes. “That doesn’t happen in third-world countries”, Clinton said.
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Earlier this week he caused a major stir with comments about the Second Amendment that were perceived as advocating violence against Clinton, then faced questions yet again after declaring Wednesday that President Barack Obama was the “founder” of the Islamic State group – a patently false claim.
