DONALD TRUMP HAS said that no business should pay more than 15% of income in taxes.
The Republican US presidential nominee is also calling for a temporary moratorium on federal regulations.
In a speech at the Detroit Economic Club, Trump announced a major change to the income tax proposal he unveiled during the Republican primary.
He said he wants to simplify the tax code to three brackets: 12%, 25% and 33% of income. That’s a change from September 2015, when he proposed four brackets that would pay zero, 10%, 20% and 25%.
Trump said the “tax simplification will be a major feature” of his plan and called it “the biggest tax revolution since the Reagan tax reform”, adding: “We will make America grow again.”
Experts said his old plan would have increased debt by as much as $10 trillion (about €9 trillion) over the next decade.
Donald J. Trump / Twitter
Donald J. Trump / Twitter / Twitter
Trump also proposed allowing parents to fully deduct the average cost of childcare from their taxable income.
The current Child and Dependent Care tax credit is capped at 35% of qualifying expenses or up to $3,000 (about €2,700) for one cared-for individual or $6,000 (about €5,400) for two or more.
A senior campaign aide said the proposal would be aimed at working and middle class families and would include an income limit, though the person declined to say how much.
Protests
There were a number of protests during his speech, which appeared to be coordinated.
About 10 women individually stood up and shouted “Mr Trump”, followed by questions that were drowned out by boos. The protests occurred every few minutes and each woman used the same tactic.
Trump himself noted that the protests seemed well planned. Trump, at times, paused while the protesters were dragged out. He did not directly address any of the protesters or demanded they be removed – as he has done at previous events.
Audience members largely showed support for the women’s removal, applauding as security guards lead them out. One person in the crowd shouted: “We love you, Trump!”
After the third protester, Trump said: “This is what happens when you go from 35 people to 2,000.”
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