Trump Outlines His Plan to Bring Back American Dream
Donald Trump, the former president, outlined his detailed economic agenda Tuesday. He promised to “make America affordable” if Donald Trump were to retake the White House this November.
Trump started by pointing out that the United States’ wealth, manufacturing, and jobs may have been sucked away to other countries during the current administration.
Former President Bush has said that, if elected to office, the economic grip of the U.S. on the world will be reversed. He also promised that “foreign countries will not worry about losing jobs to Americans” and that all production means will return to America.
Trump wrote that he would offer a deal to manufacturers and companies around the world: “The United States will give the lowest taxes, lowest energy costs and lowest regulatory burdens and free access the largest and best market on earth — but only if they make their products in America and employ American workers to do the job,” Trump said in Newsweek.
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Vice President Kamala Harris criticized tariffs openly, calling them “a sales tax on the American People” and pledged to raise corporation tax rates in order to generate additional revenue.
Trump has meanwhile reaffirmed his support for tariffs, saying that they are a way to protect American jobs, and to raise revenue. “If they don’t accept the deal, these companies will pay a tax when they ship their products, made in another nation, to us.” We will spend the hundreds of millions of dollars in tariffs to benefit American citizens.
Trump called Harris “the Tax Queen” and noted that her plan to tax the unrealized gains “so that if a business succeeds, it has to send half its value to government.”
Trump briefly touched on Harris’ “war” against American energy independence citing an increase of 100% in energy costs. He then detailed his manufacturing plan which includes a “15 Percent Made in America Corporation Tax Rate”, which will reduce the rates for companies that manufacture their products in America.
Trump also spoke about national security and its importance to the economy, saying Harris’ de-industrialization plan will have far-reaching consequences beyond the loss in jobs.
“If you do not have steel, then you will have no military.” “That’s why I won’t allow Japan to purchase U.S. Steel which was once the world’s greatest company,” he said.
Trump ended his speech by calling the three years of the Biden administration a “horrific dream for American workers.” He promised to “bring the American Dream back, bigger, stronger, and better than ever before.”
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