But one of the biggest topics of the day today, the republican tax plan. The white house aides on a media blitz this morning to sell the proposal insist it is a middle class miracle. But critics charge it will be an equal a middle class nightmare. We are spending an awful lot of time on the low income and the middle income families. This is rich people that pay for the Republican Party wanting taxes cut. This is donald trump trying top end the estate tax so he can pass along his wealth to his children. Well, as i said before, the president is committed that this is really about a middle income tax cut. Were going to give people who are wealthy even more money and theyre somehow going to make Wise Investments that havent been there for the last ten years. To say that this is going to create Economic Growth is like a triple bank shot. Our tax plan is purely aimed at middle clags families. A typical family of four earning 35,000 today is going to have a substantial tax decrease. It seems
In fact, when it comes to busine acts, we are now dead last and pay the highest tax of any nation in the world. Our rate is the least compet there is. The business tax rate is 60 higher than the average economic compet think of that. Then y say how do you compete . Well, in many cases you dont. The companies leave. They go to other countries. Its a massive tax giving countr like germany, japan, south korea, china and mexico not to mention so many others a massiv head start over american indust its time to go from dead last to pretty much the front of the pack. We wont be the lowest, but we are getting close. Under our framework, we will dramat cut the business tax rate so that american compan and workers can beat our foreign competitors. We will cut the business tax rate from 35 all the way down to 20 below our average compet by far. This i a revolutionary change and the biggest winners will be everyd working families as jobs start pouring into our countr when companies lea shores, its