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Donald Trump calls Detroit example of Clinton’s ‘failed economic agenda’
The poll confirms that Ms Clinton received a larger post-convention bounce than Mr Trump did from his convention, said The Washington Post/ABC News.
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Hillary Clinton and Donald Trump will give dueling speeches on the economy this week, as Trump gets his first endorsement from a member of the Bush family. On Monday, he repeatedly described Clinton as a candidate who would rely on policies that have not worked. “It’s a conversation about how to make America great again for everyone.especially for those who have the very least”, he said.
“I think the trade position remains pretty ugly”, he said.
The chief spokesman for the Florida Republican Party is quitting his job because of his refusal to support the party’s presidential nominee, Donald Trump. He assailed Hillary Clinton as a candidate who would merely extend a Democratic period of old ideas and weakness.
He says, “she is the candidate of the past”. One thing Trump didn’t address was how he’d avoid a less-heralded legacy of the Reagan years – a near-tripling of the USA federal debt, as spending cuts never kept pace with tax cuts.
The ability to manage the USA 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. He said he would issue a “temporary moratorium” on new regulations and review existing rules that run 80,000 pages long.
Reaction from the crowd in Detroit was mixed. “It’s going to cost me a fortune”, the billionaire businessman told reporters as he vowed to lower taxes across the board without exploding the deficit.
Others wanted more details.
Donald Trump promised the biggest “tax revolution” since Ronald Reagan on Monday, pledging to cut taxes across the board and sharply reduce the load on business to stem the tide of U.S. companies moving headquarters overseas.
That’s all well and good, except for one thing: Under the original Trump plan, that elimination of carried interest went along with a reduction in the top rate for income to 25 percent. Trump proposes a 15 percent pass-through rate – significantly lower than the top federal rate of 33 percent.
A news release from Trump’s campaign said he wanted to ensure that the wealthy pay their “fair share”, using language that is more commonly heard from Democrats.
Trump said he would rewrite the landmark NAFTA trade deal that Clinton’s husband, then-President Bill Clinton, signed in 1994 linking the economies of the United States, Mexico and Canada. That would be a major drop from the current 35 percent corporate tax rate, though many companies pay much less because of various deductions.
“It’s encouraging that Donald Trump appears to be modifying his tax plan”, said Maya MacGuineas, president of the anti-debt Committee for a Responsible Federal Budget. But this is the first time he’s faced such sustained resistance at a policy speech delivered to a private group. And the Trump campaign plan relies on him basically winning the industrial Midwest, where his tirades against trade deals have gotten some traction.
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Numerous same leaders wrote an open letter in March during the Republican primaries condemning Trump and pledging to oppose his candidacy, at a time when other GOP candidates remained in the race.