The GOP nominee delivered a stemwinder of a speech the other day in Detroit that stuck it to his opponent, The Dragon Lady, and injected some long-absent topics back into GOP policy discussion:
[…] All Hillary Clinton has to offer is more of the same: more taxes, more regulations, more bureaucrats, more restrictions on American energy and American production.
If you were a foreign power looking to weaken America, you couldn’t do better than Hillary Clinton’s economic agenda.
Nothing would make our foreign adversaries happier than for our country to tax and regulate our companies and our jobs out of existence.
The one common feature of every Hillary Clinton idea is that it punishes you for working and doing business in the United States. Every policy she has tilts the playing field towards other countries at our expense.
That’s why she tries to distract us with tired political rhetoric that seeks to label us, divide us, and pull us apart.
My campaign is about reaching out to everyone as Americans, and returning to a government that puts the American people first.[…]
Hillary Clinton – who has spent her career voting for tax increases – plans another massive job-killing $1.3 trillion-dollar tax increase. Her plan would tax many small businesses by almost fifty percent.
Recently, at a campaign event, Hillary Clinton short-circuited again – to use a now famous term – when she accidentally told the truth and said she wanted to raise taxes on the middle class.
I am proposing an across-the-board income tax reduction, especially for middle-income Americans. This will lead to millions of new good-paying jobs.
The rich will pay their fair share, but no one will pay so much that it destroys jobs, or undermines our ability to compete.
As part of this reform, we will eliminate the Carried Interest Deduction and other special interest loopholes that have been so good for Wall Street investors, and people like me, but unfair to American workers.
Our current tax code is so burdensome and complex that we waste 9 billion hours a year in tax code compliance.
My plan will reduce the current number of brackets from 7 to 3, and dramatically streamline the process. We will work with House Republicans on this plan, using the same brackets they have proposed: 12, 25 and 33 percent. For many American workers, their tax rate will be zero.
Hear, hear. But let’s see how well this does in front of the statists who run Capitol Hill. (Well, come to think of it, Reagan got his historic tax cuts through a Democrat-controlled House. So, anything is possible.) MORE:
[…] All of our policies should be geared towards keeping jobs and wealth inside the United States.
Under my plan, no American company will pay more than 15% of their business income in taxes. Small businesses will benefit the most from this plan. Hillary Clinton’s plan will require small business to pay as much as three times more in taxes than what I am proposing, and her onerous regulations will put them totally out of business. I am going to cut regulations massively.
Our lower business tax will also end job-killing corporate inversions, and cause trillions in new dollars and wealth to come pouring into our country – and into cities like Detroit. To help unleash this new job creation, we will allow businesses to immediately expense new business investments.
No one will gain more from these proposals than low-and-middle income Americans.
My plan will also help reduce the cost of childcare by allowing parents to fully deduct the average cost of childcare spending from their taxes.
We are also going to bring back trillions of dollars from American businesses that is now parked overseas. Our plan will bring that cash home, applying a 10 percent tax. This money will be re-invested in states like Michigan.
Finally, no family will have to pay the death tax. American workers have paid taxes their whole lives, and they should not be taxed again at death – it’s just plain wrong. We will repeal it.[…]
Hmmm. Sounds like somebody’s listening to Steve Moore. MORE:
[…] As with taxes, I will have one overriding goal when it comes to regulation: I want to keep jobs and wealth in America.
Motor vehicle manufacturing is one of the most heavily regulated industries in the country. The U.S. economy today is twenty-five percent smaller than it would have been without the surge of regulations since 1980.
The federal register is now over 80,000 pages long. As the Wall Street Journal noted, President Obama has issued close to four hundred new major regulations since taking office, each with a cost to the American economy of $100 million or more.
In 2015 alone, the Obama Administration unilaterally issued more than 2,000 new regulations – each a hidden tax on American consumers, and a massive lead weight on the American economy.
It is time to remove the anchor dragging us down.
Upon taking office, I will issue a temporary moratorium on new agency regulations. My running mate, Mike Pence, signed a similar order when he became governor of Indiana. This will give our American companies the certainty they need to reinvest in our community, get cash off of the sidelines, start hiring for new jobs, and expanding businesses.
As Bernie Sanders has said, Hillary Clinton has bad judgment. We’ve seen this bad judgment overseas, in Libya, Iraq, and Syria. We’ve seen it in Iran. We’ve seen it from President Obama, when he gives $150 billion to Iran, the number one terror state, and even gives them $400 million in money-laundered cash as a ransom payment.
But we’ve also seen the terrible Obama-Clinton judgment right here in Detroit.
Hillary Clinton has supported the trade deals stripping this city, and this country, of its jobs and wealth.
She supported Bill Clinton’s NAFTA, she supported China’s entrance into the World Trade Organization, she supported the job-killing trade deal with South Korea, and she supports the Trans-Pacific Partnership.
Let’s talk about South Korea for a moment, because it so perfectly illustrates the broken promises that have hurt so many American workers.
President Obama, and the usual so-called experts who’ve been wrong about every trade deal for decades, predicted that the trade deal with South Korea would increase our exports to South Korea by more than $10 billion – resulting in some 70,000 jobs.
Like Hillary Clinton’s broken promises to New York, these pledges all turned out to be false. Instead of creating 70,000 jobs, it has killed nearly 100,000, according to the Economic Policy Institute. Our exports to South Korea haven’t increased at all, but their imports to us have surged more than $15 billion – more than doubling our trade deficit with that country.
The next betrayal will be the Trans-Pacific Partnership. Hillary Clinton’s closest friend, Terry McAuliffe, confirmed what I have said on this from the beginning: if sent to the Oval Office, Hillary Clinton will enact the TPP. Guaranteed. Her donors will make sure of it.
A vote for Hillary Clinton is a vote for TPP – and it’s also a vote for NAFTA.
Our annual trade deficit in goods with Mexico has risen from close to zero in 1993 to almost $60 billion. Our total trade deficit in goods hit nearly $800 billion last year.
This is a strike at the heart of Michigan, and our nation as a whole.
According to the Bureau of Labor Statistics, before NAFTA went into effect, there were 285,000 auto workers in Michigan. Today, that number is only 160,000.
Detroit is still waiting for Hillary Clinton’s apology. I expect Detroit will get that apology right around the same time Hillary Clinton turns over the 33,000 emails she deleted.
Yep. Sounds a HELL of a lot better than what we’ve been seeing and feeling the last eight years.