Donald Trump ignored 14 interruptions from protesters Monday to present "the biggest tax revolution since the Reagan Tax Reform." During his economic policy address in front of the Detroit Economic Club, Trump proposed greatly simplifying the tax code by cutting it down from seven brackets to the House Republicans' proposed three, and suggested an "across-the-board income tax reduction, especially for middle-income Americans."
Of his plan, Trump said, "It will present a night-and-day contrast to the job-killing, tax-raising, poverty-inducing Obama-Clinton agenda," highlighting how Hillary Clinton "short-circuited again" when she "accidentally told the truth and said she wanted to raise taxes on the middle class."
Trump also repeatedly emphasized the importance of keeping jobs and wealth in America by slashing over-regulation, focusing on "trade enforcement with China," and exiting the Trans-Pacific Partnership and possibly even NAFTA. "We are in a competition with the world," Trump said, "and I want America to win."
The Week
Escape your echo chamber. Get the facts behind the news, plus analysis from multiple perspectives.
Sign up for The Week's Free Newsletters
From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.
From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.
Trump has promised "more detail on all of these policies" in the "coming weeks."
-
Electronic Arts to go private in record $55B dealspeed read The video game giant is behind ‘The Sims’ and ‘Madden NFL’
-
New York court tosses Trump's $500M fraud fineSpeed Read A divided appeals court threw out a hefty penalty against President Trump for fraudulently inflating his wealth
-
Trump said to seek government stake in IntelSpeed Read The president and Intel CEO Lip-Bu Tan reportedly discussed the proposal at a recent meeting
-
US to take 15% cut of AI chip sales to ChinaSpeed Read Nvidia and AMD will pay the Trump administration 15% of their revenue from selling artificial intelligence chips to China
-
NFL gets ESPN stake in deal with DisneySpeed Read The deal gives the NFL a 10% stake in Disney's ESPN sports empire and gives ESPN ownership of NFL Network
-
Samsung to make Tesla chips in $16.5B dealSpeed Read Tesla has signed a deal to get its next-generation chips from Samsung
-
FCC greenlights $8B Paramount-Skydance mergerSpeed Read The Federal Communications Commission will allow Paramount to merge with the Hollywood studio Skydance
-
Tesla reports plummeting profitsSpeed Read The company may soon face more problems with the expiration of federal electric vehicle tax credits
