August 06, 2016, 09:47 am
Advisor: Trump to propose major tax cut
By Rebecca Savransky
Donald Trump next week will propose a major tax cut as part of his new economic blueprint, Bloomberg News reported Friday.
Trump plans to cut the corporate tax rate to 15 percent, Heritage Foundation chief economist Stephen Moore said Friday in an interview with Bloomberg Television.
The plan includes one of the larges tax cuts since Ronald Reagan.
“If you’re a working-class American, there’s no question that an agenda that cuts taxes, that gets rids of regulations, redoes some of these trade deals in ways that are pro-America, is going to help,” said Moore, who is part of Trump’s team of economic advisers.
Trump will talk about his plans for "revitalizing the American economy" in a speech Monday. Moore said the speech is "critically important" for the GOP presidential nominee.
He to remain focused on "this lousy economy that has so underperformed" if he wants to win the presidency, Moore said.
"He’s got to get back on the message of the economy, jobs,” Moore added. “He’s got to change the subject, because he’s been off message for the last week, for sure.”
The GOP nominee faced backlash last week after he criticized the family of Capt. Humayun Khan, who was killed in 2004 in Iraq. He also stirred controversy when he declined to endorse Speaker Paul Ryan and Sen. John McCain (R-Ariz.) earlier this week, before relenting Friday.
http://thehill.com/blogs/ballot-box/presidential-races/290617-advisor-trump-to-propose-major-tax-cut
