Highlights from Donald Trump's Economic Plan

Here's the speech: https://assets.donaldjtrump.com/An_America_First_Economic_Plan-_Winning_The_Global_Competition_.pdf

​Quotes from speech on key topics:
 
Taxes

• 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.
• 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.
• Under my plan, no American company will pay more than 15% of their business income in taxes.
• 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.
• Finally, no family will have to pay the death tax.

 
Regulation

• Upon taking office, I will issue a temporary moratorium on new agency regulations.
• I will also immediately cancel all illegal and overreaching executive orders.
• I will ask each and every federal agency to prepare a list of all of the regulations they impose on Americans which are not necessary, do not improve public safety, and which needlessly kill jobs. Those regulations will be eliminated.

 
Trade

• Because my only interest is the American people, I have previously laid out a detailed 7-point plan for trade reform, available on my website. It includes strong protections against currency manipulation, tariffs against any countries that cheat by unfairly subsidizing their goods, and it includes a renegotiation of NAFTA. If we don’t get a better deal, we will walk away.
• Trade has big benefits, and I am in favor of trade. But I want great trade deals for our country that create more jobs and higher wages for American workers. Isolation is not an option, only great and well-crafted  trade deals are.

 
Energy Reform

• A Trump Administration will end this war on the American worker, and unleash an energy revolution that will bring vast new wealth to our country.

 
Spending

• We can use this new wealth to rebuild our military and our infrastructure.
• As part of this new future, we will also be rolling out proposals to increase choice and reduce cost in childcare, offering much-needed relief to American families.
• We will also give our police and law enforcement the funds and support they need to restore law and order to this country.
• One of my first acts as President will be to repeal and replace disastrous Obamacare.
• We will also rebuild our military, and get our allies to pay their fair share for the protection we provide…
• We also have a plan, on our website, for a complete reform of the Veterans Health Administration.
• We will build the next generation of roads, bridges, railways, tunnels, sea ports and airports that our country deserves.

​Tax Foundation gave his initial tax plan a price tag based on dynamic scoring of $10 trillion over the next decade. There are differences in the new plan, such as the income tax rate on upper income Americans of 33 percent (tax bracket rates are now 12, 25%, 33%)  instead of 25 percent in the initial plan (tax bracket rates were 10%, 20%, 25%), that will likely change this amount.