Trump: Our Corporate Tax Rate ‘Is A Giant Self-Inflicted Economic Wound’

‘In addition to simplification, is reducing our crushing business tax’

RUSH TRANSCRIPT:
TRUMP: "In addition to simplification, is reducing our crushing business tax so that we can restore America’s competitive edge. Today our business tax rate is 60% higher than our average economic competitor. This is a giant self-inflicted economic wound. That’s why we’ll cut the corporate tax rate from 35% all the way down to not more than 20%, way below our average competition out there in this very competitive world. And for small businesses that file taxes as sole pro pry towards, S corporations or partnerships, we’ll cap the top tax rate at a maximum of 25%. With a tremendous reduction from what it is, and I will tell you it’s the biggest reduction in taxes in the history of this country. For the more than 30 million American small businesses in America, our plan cuts their top marginal rate by 40%. This will be the lowest top marginal rate, income tax rate, for small and medium size businesses in more than 80 years."

Video files
Full
Compact
Audio files
Full
Compact