In a major economic speech in New York, former President Trump outlined his ambitious plan to strengthen America’s economy by slashing the corporate tax rate to 15% and setting up a “government efficiency commission” led by Elon Musk.

Speaking to the Economic Club of New York, Trump emphasized his commitment to “making America richer and stronger” if elected, while criticizing Vice President Kamala Harris for her economic failures, as reported by Fox News.

Trump took the opportunity to remind the audience of his administration’s economic success, blaming Harris and her “radical left agenda” for the inflation and economic decline seen under the Biden-Harris administration.

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He argued that Harris and her policies pose a “fundamental threat” to American prosperity, tying her closely to policies that have worsened the lives of ordinary citizens.

He didn’t mince words, stating, “We delivered an economic miracle, which Kamala and Joe turned into an economic disaster.”

Trump highlighted that under his administration, the economy thrived, even in the face of the pandemic, and accused Harris of launching a “war on American energy,” leading to skyrocketing prices and border chaos.

Trump promised a swift return to prosperity, vowing to cut energy costs, dismantle regulatory overreach, and restore energy dominance.

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One of his boldest proposals was to declare a national emergency to ramp up domestic energy production. He stated confidently that energy prices would drop sharply within the first 12 months of his presidency.

He also pledged to make the U.S. the global leader in AI and technology by clearing bureaucratic hurdles and fast-tracking approvals for energy infrastructure projects.

Additionally, he promised to end the electric vehicle mandates and “save taxpayers an estimated $1 trillion” by cutting government waste.

Trump’s plan also includes a drastic reduction in corporate taxes, but only for businesses that keep their operations in America.

This, he argues, would boost domestic production and leave American families with more money in their pockets. He contrasted this with Harris’ proposal to raise the corporate tax rate to 28%, which he claims would further stifle economic growth.

Trump also highlighted his promise to make Social Security benefits tax-free, emphasizing his ability to generate revenue without squeezing retirees.

He painted a clear contrast between his vision of a booming economy and what he describes as Harris’ Marxist agenda, which he warned would lead to “mass amnesty, wealth confiscation, and energy annihilation.”

Trump ended with a strong message to American businesses: “Make your product here in America and only in America. We are not going to be taken advantage of anymore.”

This piece was written by LifeZette News Staff on September 5, 2024. It originally appeared in LifeZette and is used by permission.

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