Trump out­lines vi­sion for econ­omy, vows large tax cuts

Daily Local News (West Chester, PA) - - NEWS -

Don­ald Trump out­lined his vi­sion for man­ag­ing the na­tion’s econ­omy as pres­i­dent Thurs­day, promis­ing that his plans to lower taxes by $4.4 tril­lion over a decade and cut reg­u­la­tions would lead to boom­ing growth, cre­ate mil­lions of jobs and even cut into the na­tion’s bud­get deficit.

“My plan will em­brace the truth that peo­ple flour­ish un­der a min­i­mum govern­ment bur­den and will tap into the in­cred­i­ble, un­re­al­ized po­ten­tial of our work­ers and their dreams,” Trump said in a speech to the Eco­nomic Club of New York.

The Repub­li­can nom­i­nee said his plans would raise the na­tion’s eco­nomic growth rate to at least 3.5 per­cent, well above its cur­rent rate of about 2 per­cent, and cre­ate 25 mil­lion new jobs over the next 10 years.

For Trump’s plans to suc­ceed, they would have to over­come forces in the econ­omy, such as ris­ing au­toma­tion, an ag­ing pop­u­la­tion and low-wage com­pe­ti­tion over­seas.

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