the United States. After a difficult period in his election campaign trying Republican presidential candidate Donald Trump take back baton. On Monday, he was in Detroit to present his economic plan for the business.
Trump presented a package to simplify tax system all and dramatically reduce the income tax. He wants to reduce the number of break points in the tax from seven to three with rates of 12, 25 and 33 percent.
Reduced corporation
He promises to ease the tax burden for parents who pay for child care for that “there should be a financial disadvantage to have children.”
Business Taxes want Trump drastically lower to 15 percent from the current 35 percent.
Some international trade agreements as the North American Free trade Agreement, NAFTA, will be renegotiated if Trump wins the election. According to him, the agreement, which was signed into law by President Bill Clinton in 1994, moved jobs in the once thriving US auto industry to Mexico.
attacked Clinton
He attacked his opponent Hillary Clinton several times in a century. He noted that the industrial city of Detroit, which is controlled by Democrats, now is a misery, where 40 percent of residents live in poverty.
He warned that Clinton would be “a disaster” Detroit.
– She is a graduate from the past, said Trump himself claims to pursue future campaign.
Frozen regulation
Trump wants to reduce the federal regulations for companies which, according to him, hampering economic activity. He promises therefore to temporarily freeze federal regulations and revive the project of the oil pipeline Keystone by Canada.
On Thursday, it’s time for the Democratic candidate Hillary Clinton to talk about his economic vision at an appearance in Michigan, a state that is heavily dependent on the automotive industry.
FACTS
Detroit Economic Club
the local business people as members.
is an arena for political candidates to discuss their economic visions.
Source: Reuters.
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