Daily Archives: August 10, 2016
Whatever else you might say about Donald Trump, give him this much: He understands that America’s taxes are, as Jimmy McMillan said about New York rent, “too damn high.”
It’s killing the economy. And jobs.
In Monday’s speech laying out his economic vision, the billionaire businessman called for “the biggest tax revolution since the Reagan tax reform.”
He vowed to slash income taxes wholesale, cut the nation’s top corporate tax rate (now among the highest in the world among industrialized nations) by more than half, and end the death tax, to boot. He’d also simplify the tax code. (Hallelujah!)
Donald Trump will propose big tax breaks for working families and businesses in a speech on the economy Monday in Detroit.
The plan — timed as an attempt to fix a string of unforced errors over the past week — will include a temporary moratorium on new federal regulations and reviving the Keystone pipeline project that was killed by President Obama.
Trump will also say he wants to simplify taxes and “remove bureaucrats who only know how to kill jobs; replace them with experts who know how to create jobs,” according to Reuters.