Presumptive-Nominee Trump seeks an economic policy for 2016 torrent

John Batchelor May 3, 2016 Podcast

Presumptive-Nominee Trump seeks an economic policy for 2016
@larry_kudlow, CNBC. @stephenmoore, Heritage“Finally, I have, for many months, endorsed Trump's tax-cutting plan. In particular, I like his business-tax-cut strategy, which includes a 15-percent rate for large C-corporations and small S-corporations along with ending the double tax on multinational corporations. And, though Trump hasn't specifically laid it out in his plan, I believe he will move to cash expensing for new investments. I think it's an excellent plan that would substantially grow the American economy and bring trillions of dollars in overseas capital back to the U.S., which, in turn, would foster millions of new jobs and faster growth.

“What's more, a number of think tanks believe the biggest beneficiaries of a significant corporate tax cut would be middle- and lower-middle-income wage earners. They, by the way, have not had a raise since 2000, which is probably why they're opposed to trade deals — and illegal immigrants, too.

“In the Michigan Republican primary exit poll, 33 percent said trade expansion would create more U.S. jobs while 54 percent said it would take away U.S. jobs. But I prefer an economic-growth solution to this middle-class angst, not a protectionist program. And I think Trump's business-tax-cut package would lessen trade fears by providing wage earners with a significant pay boost.

“So, yes. I have endorsed Trump's tax-cut plan...”

http://www.cnbc.com/2016/03/11/setting-the-record-straight-on-trump-commentary.html

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