Society

Trump Lays Out Economic Plan In Detroit Speech (Video)

| by Robert Fowler

GOP nominee Donald Trump has provided the most comprehensive layout of his economic policy plan yet. The business mogul detailed how his potential administration would address the U.S. economy during a speech from Detroit (video below).

On Aug. 8, Trump spoke at the Detroit Economic Club, outlining his economic agenda. The business mogul was interrupted several times by protesters demanding that he answer for previous statements he made about women.

Popular Video

SNL is not a fan of the Trump administration, and it shows with every new skit they produce. Do you think they need to tone it down?

Trump began his address by referencing the economic decline of Detroit, noting how the city had suffered a dramatic loss in jobs and increase in crime over the past six decades, NPR reports.

“In short, the city of Detroit is the living, breathing example of my opponent’s failed economic agenda,” Trump said. “Every policy that has failed this city and so many others is a policy supported by Hillary Clinton.”

Popular Video

SNL is not a fan of the Trump administration, and it shows with every new skit they produce. Do you think they need to tone it down?

The GOP nominee proposed streamlining the U.S. tax system, reducing the number of tax brackets to three. He also called for the elimination of the estate tax.

“American workers have paid taxes their whole lives, and they should not be taxed again at death,” Trump said. “It's just plain wrong. And most people agree with that.”

The business mogul asserted that his opponent, Democratic nominee Hillary Clinton, would raise taxes on the middle class. This claim has been debunked by fact-checker Politifact, which noted that Clinton has repeatedly stated that her economic plan would not raise taxes on middle income families.

Trump stated that he would use executive orders to lift regulations such as the Climate Action Plan and the Paris Climate Agreement, which were designed to combat climate change. He also called for the U.S. to withdraw from the Trans-Pacific Partnership (TPP) and to renegotiate the North American Free Trade Agreement (NAFTA).

The business mogul also called for tax-exempt child care and limiting all business income taxes to just 15 percent. Trump did not reference any planned spending cuts but instead called for a renewed investment in infrastructure spending.

Trump’s speech was interrupted 17 separate times by protesters, all of whom were women, according to Vox.

One of the protesters reportedly called out: “Why don’t you take sexual harassment seriously?”

Before Trump had taken to the stage to deliver his speech, the Clinton campaign pre-emptively released a statement slamming the GOP nominee’s economic agenda.

“The core of Donald Trump’s economic plan involves reckless tax cuts that will add trillions to the debt to benefit the wealthy, Wall Street, and big corporations,” the Clinton campaign policy team stated, according to KIMATV. The statement added that Clinton “has a detailed plan to build an economy that works for everyone, not just those at the top.”

Sources: KIMATVNPR, Vox / Photo Credit: Right Side Broadcasting / Youtube

Is Trump's economic plan a good direction for the U.S. economy?
Yes - 0%
Yes - 0%