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Your Guide to Trump's Economic Speech

He calls for all child-care expenses to be tax-deductible
By Newser Editors,  Newser Staff
Posted Aug 8, 2016 1:21 PM CDT
Your Guide to Trump's Economic Speech
Donald Trump delivers an economic policy speech to the Detroit Economic Club Monday.   (AP Photo/Evan Vucci)

(Newser) – Donald Trump provided more details of his economic plan on Monday in what was billed as a major speech in Detroit. It's big on tax breaks and critical of government regulation. Some coverage:

  • The basics: Trump called for all child-care expenses to be tax-deductible. He also wants to abolish the estate tax, put a 15% cap on business income tax, reduce the number of tax brackets from seven to three, and put a temporary moratorium on new federal regulations. In addition, he reiterated his call to abolish or overhaul trade agreements. (Via the New York Times and Reuters.)
  • Hecklers: Trump had to stop 10 times in the first 20 minutes as protesters were removed, reports Politico.

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  • Key quote: “The city of Detroit is the living, breathing example of my opponent’s failed economic agenda. She supports the high taxes and radical regulation that forced jobs out of your community.”
  • Another on the estate tax: “American workers have paid taxes their whole lives and they should not be taxed again at death. It is just plain wrong, and most people agree with that.”
  • By comparison: ABC News compares Trump's fiscal policies with Hillary Clinton's here.
  • About that child-care proposal: "It wasn’t clear how such a tax break might be structured and whether it would be available to tens of millions of families that don’t pay income taxes because they have lower incomes. Making child-care expenses fully deductible would provide much larger benefits to the wealthiest families that have larger tax bills." See the Wall Street Journal.
  • The full transcript is here.
  • NPR fact-checks the speech and provides an annotated version of the text here.
(Read more Donald Trump stories.)

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