(NBC News) — Republicans have been begging Donald Trump to focus on the ecomomy, and he finally did Monday in Detroit, laying out a plan to cut taxes, create jobs, and revive US industry.
Trump says he would cut the tax rate on the rich to 33%, cut income tax across the board, make child care tax deductible, end estate taxes, and cap corporate taxes at 15%, from the current 35%.
“This will lead to millions of new good-paying jobs. The rich will pay their fair share, but no one will pay so much that it destroys jobs,” Trump said.
A non-partisan analyst says the Trump plan could kill jobs and mushroom our deficit, but Trump says it’s the plan of an outsider with new ideas.
“And when you’re adding 8-9-10 trillion dollars to the debt it’s actually probably going to hurt the economy significantly,” Marc Goldwein, Center for Responsible Federal Budget, says.
Trump vowed to redo the NAFTA deal with Mexico and reject the TPP Pacific trade deal, despite Paul Ryan backing TPP today, putting the Washington insider and Trump at odds once again.
Hillary Clinton will be in Detroit Thursday to detail her jobs plan.
Read more: http://nbcnews.to/2aVb0ej
© 2024 KOBI-TV NBC5. All rights reserved unless otherwise stated.