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Published On: Wed, Aug 10th, 2016

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

In the days ahead, we will provide more details on this plan and how it will help you and your family. It will present a night-and-day contrast to the job-killing, tax-raising, poverty-inducing Obama-Clinton agenda.

The State of New York has already lived through Hillary Clinton’s failed leadership. The Washington Post just published a devastating article on Hillary Clinton’s broken promises. She pledged 200,000 jobs for upstate New York as Senator. But what happened? The Washington Post writes, and I quote: “upstate job growth stagnated overall during her tenure, with manufacturing jobs plunging nearly 25 percent…the former first lady was unable to pass big ticket legislation… Many promised jobs never materialized and others migrated to other states as she turned to her first presidential run…data shows that upstate actually lost jobs during Clinton’s first term.”

Compare that to my record. In a recent New York Post article by Steve Cuozzo, “How Donald Trump Helped Save New York City,” the paper writes that I — and this is a direct quote — “waded into a landscape of empty Fifth Avenue storefronts, the dust-bowl mugging ground that was Central Park and a Wall Street area seemingly on its last legs as companies moved out…almost by force of will — [he] rode to the rescue. Expressing rare faith in the future, he was instrumental in kickstarting the regeneration of neighborhoods and landmarks almost given up for dead.”

photo TaxRebate.org.uk

photo TaxRebate.org.uk

This is what I want to do for our country – I want to jumpstart America.

Now let’s look at what the Obama-Clinton policies have done nationally.

Their policies produced 1.2% growth, the weakest so-called recovery since the Great Depression, and a doubling of the national debt.

There are now 94.3 million Americans outside the labor force. It was 80.5 million when President Obama took office, an increase of nearly 14 million people. The Obama-Clinton agenda of tax, spend and regulate has created a silent nation of jobless Americans.

Home ownership is at its lowest rate in 51 years.

Nearly 12 million have been added to the food stamp rolls since President Obama took office. Another nearly 7 million Americans were added to the ranks of those in poverty.

We have the lowest labor force participation rates in four decades.

58 percent of African-American youth are either outside the labor force or not employed.

1 in 5 American households do not have a single member in the labor force. These are the real unemployment numbers – the five percent figure is one of the biggest hoaxes in modern politics. Meanwhile, American households are earning more than $4,000 less today than they were sixteen years ago.

The average worker today pays 31.5 percent of their wages to income and payroll taxes. On top of that, state and local taxes consume another 10 percent.

The United States also has the highest business tax rate among the major industrialized nations of the world, at 35 percent. It’s almost 40 percent when you add in taxes at the state level.

In other words, we punish companies for making products in America – but let them ship products into the U.S. tax-free if they move overseas.

This is backwards. All of our policies should be geared towards keeping jobs and wealth inside the United States.

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