Excerpted from The New York Post: Donald Trump outlined his economic vision Thursday, focused on putting America’s national interests first, as he called for robust economic growth, tax reform, reduced regulation and better trade deals.
“I’m not running to be the president of the world, I’m running to be president of the United States,” Trump said, assuring The Economic Club of New York that his plan US-centric.
Trump gave specific goals — and policy details — urging the US “to start thinking big once again.”
“[I]t is time to establish a national goal of reaching 4 percent economic growth,” he said
Robust economic growth, he said, would help America recover from its financial woes.”Over the next ten years, our economic team estimates that under our plan the economy will average 3.5 percent growth and create a total of 25 million new jobs.”
Trump proposed “bold new tax reform.” When the audience hesitated to applaud immediately, the Republican said, “Don’t worry, they’re going down,” referring to tax rates, “not up.”
It will be simpler and lower, Trump said, when he’s president. In the question and answer session, he added that his plan would decimate the tax preparer industry.
The business-minded crowd cheered loudest when he said the corporate tax rate would be lowered to 15 percent — and, later, when Trump pledged to “put an end” to the regulation industry.
“I will eliminate all needless and job-killing regulations now on the books,” Trump vowed.
He also addressed energy reform, which would “lift restrictions on all sources of American energy production.”
In what he called “the foundation for everything,” Trump reiterated his pledge to renegotiate trade deals so that they’d favor American workers.
Trump said his plan would open up “new highway of jobs into our country”
“Our plan will produce paychecks — and they’re going to be great paychecks — for millions of people who are unemployed or underemployed,” Trump added.
“This is the most pro-growth, pro-jobs, pro-family plan put forth perhaps in the history of our country.” Keep reading