Trump Announces Economic Policy

Trump: “This is what I want to do for our country – I want to jumpstart America.

Now let’s look at what the Obama-Clinton policies have done nationally.

Their policies produced 1.2% growth, the weakest so-called recovery since the Great Depression, and a doubling of the national debt.

There are now 94.3 million Americans outside the labor force. It was 80.5 million when President Obama took office, an increase of nearly 14 million people.

The Obama-Clinton agenda of tax, spend and regulate has created a silent nation of jobless Americans.

Home ownership is at its lowest rate in 51 years.

Nearly 12 million have been added to the food stamp rolls since President Obama took office. Another nearly 7 million Americans were added to the ranks of those in poverty.

We have the lowest labor force participation rates in four decades.

58 percent of African-American youth are either outside the labor force or not employed.

1 in 5 American households do not have a single member in the labor force. These are the real unemployment numbers – the five percent figure is one of the biggest hoaxes in modern politics.

Meanwhile, American households are earning more than $4,000 less today than they were sixteen years ago.

The average worker today pays 31.5 percent of their wages to income and payroll taxes. On top of that, state and local taxes consume another 10 percent.

The United States also has the highest business tax rate among the major industrialized nations of the world, at 35 percent. It’s almost 40 percent when you add in taxes at the state level.

In other words, we punish companies for making products in America – but let them ship products into the U.S. tax-free if they move overseas.

This is backwards. All of our policies should be geared towards keeping jobs and wealth inside the United States.”

https://www.donaldjtrump.com/press-releases/an-america-first-economic-plan-winning-the-global-competition

 

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