Donald Trump will address issues relating to the economy from Detroit on Monday, both to highlight the difference between his plans and Hillary Clinton's and to return to steady ground after several weeks of disastrous headlines for his campaign. Trump will propose reducing the corporate tax rate to 15 percent from 35 percent, eliminating the estate tax, allowing parents to fully deduct child care costs from their taxable income, boosting domestic energy production, and putting a temporary moratorium on new financial regulations until there is "significant growth" in the economy.
"Starting Monday, we're going to be announcing our economic plan. When we do that, we're comfortable that we can get the agenda and the narrative of the campaign back on where it belongs, which is comparing the tepid economy under Obama and Clinton, versus the kind of growth economy that Mr. Trump wants to build," said Paul Manafort, Trump's campaign manager.
Trump's team estimates his proposals can add $6 trillion in revenue over the next 40 years; some analysts of Trump's tax plans, however, have claimed his policies are friendlier to the wealthy than to the middle class, and could increase debt by $10 trillion.
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