Trump’s last major economic speech was in late June in suburban Pittsburgh, the traditional hub of the steel industry, where he declared that “trade reform, and the negotiation of great trade deals, is the quickest way to bring our jobs back”. The club, whose members are area business leaders, is a traditional venue for political candidates to discuss their economic vision.
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An economic adviser to the campaign, Stephen Moore, who helped work on the speech, said Trump’s policies were aimed at boosting economic growth in an effort to bolster middle-class workers, whose wages have stagnated for decades. It also comes after what was widely seen as his worst week as a presidential candidate.
Trump is also proposing allowing parents to fully deduct the average cost of childcare from their taxable income.
Trump would also end environmental regulations established by President Barack Obama, seek to restart the Keystone XL pipeline project and ban USA payments for global climate change studies.
But for 45 percent of Americans who do not pay income tax, Trump’s plan is unlikely to be of much help.
“Secretary Clinton looks forward to participating in all three presidential debates scheduled by the independent debate commission”, John Podesta, Clinton campaign chairman, said in a statement.
Trump laid out a series of policies to revitalise a limping economic engine, including a sharp reduction of corporate tax from 35 percent to 15 percent, something he floated back in September as a way to lure back United States corporations that relocated overseas.
He added: “Trump is for lower taxes.Clinton for higher taxes ($40,000 per American, $1.2 trillion)”.
The current corporate rate is 35 percent and Republicans have long sought to reduce it.
Trump did not miss an opportunity to capitalize on the protests, sending out a fundraising missive to supporters just hours after leaving the stage.
Clinton will continue her campaign’s two-week jobs tour with a Thursday address in Detroit.
Instead, the Republican nominee stuck to the speech as written, branding his opponent Hillary Clinton as “a candidate of the past” who had nothing to offer but old, exhausted policies that led once-great cities like Detroit into ruin.
Donald Trump’s big economics speech in Detroit was repeatedly interrupted by organized protesters.
Trump has vowed to rewrite some global trade deals, including the North American Free Trade Agreement with Canada and Mexico that was signed into law in 1994 by Clinton’s husband, then-President Bill Clinton.
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Critics blame NAFTA for encouraging the outsourcing of jobs that have taken away many middle-class employment opportunities. “A Trump Administration will end this war on the American worker, and unleash an energy revolution that will bring vast new wealth to our country”, said Trump.
