Trump Adviser: Economic Plan to Include Biggest Tax Cut Since Reagan
Saturday, 06 Aug 2016 09:17
Republican presidential candidate Donald Trump will propose one of the largest tax cuts since Ronald Reagan in a new economic blueprint he plans to announce next week.
Trump will reiterate his plan to cut the corporate tax rate to 15 percent, Heritage Foundation chief economist Stephen Moore told Bloomberg Television.
The nominee's plan also expects to lower the cost of this tax cut in terms of lost tax revenue by about two-thirds, to $3 trillion, Moore said, though he did not specify a timeline for this to occur.
"If you’re a working-class American, there’s no question that an agenda that cuts taxes, that gets rids of regulations, redoes some of these trade deals in ways that are pro-America, is going to help," he told Bloomberg.
Trump plans to unveil his plan for "revitalizing the American economy" in a speech Monday at the Detroit Economic Club.
Read more: Trump Adviser: Economic Plan to Include Biggest Tax Cut Since Reagan
Important: Can you afford to Retire?