Quantcast
Published On: Wed, Aug 10th, 2016

TRANSCRIPT: Donald Trump’s economic, tax plan speech in Detroit

Under my plan, no American company will pay more than 15% of their business income in taxes. Small businesses will benefit the most from this plan. Hillary Clinton’s plan will require small business to pay as much as three times more in taxes than what I am proposing, and her onerous regulations will put them totally out of business. 32 I am going to cut regulations massively.

Our lower business tax will also end job-killing corporate inversions, and cause trillions in new dollars and wealth to come pouring into our country – and into cities like Detroit. To help unleash this new job creation, we will allow businesses to immediately expense new business investments.

No one will gain more from these proposals than low-and-middle income Americans.

My plan will also help reduce the cost of childcare by allowing parents to fully deduct the average cost of childcare spending from their taxes.

We are also going to bring back trillions of dollars from American businesses that is now parked overseas. 33 Our plan will bring that cash home, applying a 10 percent tax. This money will be re-invested in states like Michigan.

Finally, no family will have to pay the death tax. American workers have paid taxes their whole lives, and they should not be taxed again at death – it’s just plain wrong. We will repeal it.

Next comes regulatory reform

As with taxes, I will have one overriding goal when it comes to regulation: I want to keep jobs and wealth in America.

Motor vehicle manufacturing is one of the most heavily regulated industries in the country. The U.S. economy today is twenty-five percent smaller than it would have been without the surge of regulations since 1980.

It is estimated that current overregulation is costing our economy as much as $2 trillion dollars a year – that’s money taken straight out of cities like yours.

The federal register is now over 80,000 pages long. As the Wall Street Journal noted, President Obama has issued close to four hundred new major regulations since taking office, each with a cost to the American economy of $100 million or more. In 2015 alone, the Obama Administration unilaterally issued more than 2,000 new regulations – each a hidden tax on American consumers, and a massive lead weight on the American economy.

It is time to remove the anchor dragging us down.

photo /tyler eugene wilson

photo /tyler eugene wilson

Pages: 1 2 3 4 5 6 7 8

On the DISPATCH: Headlines  Local  Opinion

Subscribe to Weekly Newsletter

* indicates required
/ ( mm / dd ) [ALL INFO CONFIDENTIAL]

About the Author

- The generic Dispatch designation, used primarily for press releases or syndicated content, but may be used for guest author requesting a generic nomenclature

Leave a comment

XHTML: You can use these html tags: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <s> <strike> <strong>

like_us_on_facebook

 

The Global Dispatch Facebook page- click here

Movie News Facebook page - click here

Television News Facebook page - click here

Weird News Facebook page - click here 

DISPATCH RADIO

dispatch_radio

THE BRANDON JONES SHOW

brandon_jones_show-logo

Archives