Trump: My Tax Plan Will ‘Give the Typical American Household a $4,000 Pay Raise’

RUSH EXCERPT: 
TRUMP: "We will totally eliminate the penalty on returning future earnings back to the United States, and we will impose a one-time low tax on money currently parked overseas so it can be brought back home to America where it belongs and where it can do its job. My council of economic advisors estimates this change along with a lower tax rate would likely give the typical American household a $4,000 pay raise. Could be a lot more than that too. I haven’t heard. About a $4,00 amount of money additional for the American family to spend. That’s very exciting. And you are going to spend that money. It’s going to be put to work and jobs are going to be produced we are going to start making our product again. Wouldn’t that be nice? It’s going to happen. By the way, not as part of our text plan but I am right now Nina renegotiating trade deals that are so one-sided and so embarrassing for our country. You’re probably reading the papers. We are renegotiating nafta. We are renegotiating various other deals with foreign countries that are so embarrassing and so horrendous that you would say why on Earth would anybody have signed a deal like that. I will also be announcing, as you know, my statement and what will be doing with respect to the Iran deal. Speaking of badly negotiated deals. We will do that very shortly. To summarize, our plan goes from eight tax brackets down to four. It expands the zero tax bracket greatly. It expands the child tax credit. Repeals the estate tax, and special interest tax breaks, cuts the corporate tax rate from much more and equal to 35% tax and brings it all the way down to 20% and cuts tax rates for small businesses to the lowest level in more than 80 years."