Donald Trump presented a powerful speech last Monday outlining his economic plan to make America grow again. The speech was well received and packed with ideas that may bring about major new economic growth. The current recovery has now been documented to be the worst since the 1930s (Click HERE for details), resulting in a DOUBLING of our massive national debt, and major suffering by poor communities (e.g. 7 million more Americans now in poverty.) This poor recovery is thought to be largely caused by anti-business policies, such as massive new regulations, coming from the Obama administration, and is expected to be continued by Hillary Clinton policies.
In sharp contrast, Donald Trump promised a number of changes to boost the economy, including massive cuts in heavy regulations and requiring regulators to justify future federal regulations. He also promised major simplification of the tax code: “Taxes are one of the biggest differences in this race. Hillary Clinton – who has spent her career voting for tax increases – plans another massive job-killing $1.3 trillion-dollar tax increase. Her plan would tax many small businesses by almost fifty percent… I am proposing an across-the-board income tax reduction, especially for middle-income Americans. 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, or undermines our ability to compete.” Several other proposals would also help to boost company investment in U.S. jobs and facilities.
Click HERE for a summary of the Donald Trump economic plan by respected economist Dan Henninger, and click HERE for a complete transcript of the Donald Trump speech.