Donald Trump will propose one of the biggest tax cuts since the days of Ronald Reagan in a new economic blueprint to be unveiled next week, according to an adviser to the GOP Presidential candidate.
Donald Trump will reiterate his plan to cut the corporate tax rate to 15%, economist Stephen Moore said Friday afternoon in a TV interview.
Notably, Donald Trump has managed to pare the cost in terms of lost tax revenue by about 66%, to $3-T, he said, without specifying a timeline.
“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,” said Mr. Moore, who was named Friday to Trump’s Team of economic advisers.
Other members include financiers John Paulson and Andy Beal and economists David Malpass and Peter Navarro.
Donald Trump has promised to unveil a new policy agenda for “revitalizing the American economy” in a speech Monday at the Detroit Economic Club.
The plan will include major changes to US energy policy that will make the country the biggest producer in the world of Oil & Gas, as well as coal, Mr. Moore said.
“For Mr. Trump to win this race, it’s not complicated,” he said. “He has to keep focused on this lousy economy that has so underperformed.”
Mr. Moore said too many people remain outside the workforce and Americans do not “feel good” about the job market, adding that monthly payroll gains should be 400,000 to 500,000, not 250,000.
“This is a critically important speech for Donald Trump. His message will be the economy, jobs,” Mr. Moore said.
Democratic Presidential nominee Hillary Clinton’s lead over GOP rival Donald Trump narrowed to less than 3%, according to a Reuters/Ipsos opinion poll released Friday, down from nearly 8 points Monday.
About 42% of likely voters favored Hillary Clinton, to Donald Trump’s 39%, according to the July 31-August 4 online poll of 1,154 likely voters. The poll had a credibility interval of plus or minus 3%, meaning that the results suggest the race is now even.
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