Donald unveils Trump-onomics: Pledges to make ALL childcare expenses tax-deductible, slash business tax and get rid of estate ‘death’ tax…(Keep Your Body Armor On!)
Donald Trump outlines economic proposals Monday in Detroit speech
Would make all childcare expenses tax-deductible for parents
Wants to put the Keystone XL pipeline project back on the table
All business tax rates would plummet to 15 per cent to encourage growth
Proposes moratorium on economic regulations in Washington
Would allow overseas assets to come back to the U.S. at reduced tax rate
Ends the estate tax, which seizes as much as 40 per cent of assets at death
By David Martosko, Us Political Editor
Dailymail.com
8 August 2016
Republican presidential candidate Donald Trump will propose imposing a temporary moratorium on new federal regulations, reviving the Obama-stalled Keystone oil pipeline project, slashing business tax rates and making childcare expenses fully tax-deductible, in a landmark economic speech Monday.
A campaign aide who asked not to be identified told a Reuters reporter that ‘we don’t want it to be an economic disadvantage to have children.’
Trump’s proposals include measures to dramatically reduce income tax rates and simplify taxes for all Americans. He would trim the number of personal tax brackets from seven to just three.
He would also ‘remove bureaucrats who only know how to kill jobs; replace them with experts who know how to create jobs,’ according to an outline of the speech shared with a few reporters.
Trump will also propose a repeal of the estate tax, which Republicans derisively call the ‘death tax.’ That federal tax seizes 40 per cent of estates beginning with amounts over $5.45 million for individuals and $10.9 million for couples.
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