Donald Trump promised to boost economic growth to at least 3.5% if he was elected president of the United States of America. During his key economic speech in the Economic Club of New York, he advocated renegotiations of trade deals. This would help keep business in the country and help "create as many as 25 million new jobs" in the next decade, said the Republican from New York.
A businessman himself, Trump would slash corporate tax rate to 15% from current 35%, in an apparent contrast to plans of his Democratic party opponent Hillary Clinton. He also proposed three income tax brackets – 33%, 25% and 12% – instead of seven.
He cited his team of the "Trump economists" as the source of his data and plans for the economy, saying that an annual growth of 4% would be needed to reduce the deficit.
He called for an immediate halt in the process of bringing federal regulations, claiming last years were disastrous.
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