Donald Trump, addressing the Detroit Economic Club, today rolled out a new version of his economic plan. In it, he advocated tax-exempt child care expenses, adjusted his previous call for four income tax brackets to three and called for abolishing the so-called death tax.
“I want to jump-start America and it can be done and it won't even be that hard,” Trump said today.
“American workers have paid taxes their whole lives and they should not be taxed again at death,” Trump said of the estate tax, adding, “It is just plain wrong, and most people agree with that.”
Trump called his plan "the biggest tax reform since Reagan.”
“It will present a night-and-day contrast to the job-killing tax-raising, poverty-inducing Obama-Clinton agenda,” Trump said.
Distracting from the highly publicized speech were a number of protesters. While Trump is no stranger to disruptions at his rallies, the candidate found himself interrupted over 10 times during the first 25 minutes of his remarks today.
The protesters, all of whom were women, shouted out every few minutes at the beginning of his speech in what seemed to be a coordinated effort.
“You’ll have to answer to women,” one of the protesters yelled.
His plan would cut taxes on the middle class, he said, though some economists predict the opposite effect.
The Tax Policy Center estimates Trump’s plan would add $9.5 trillion to the deficit over the next decade. If enacted, this plan would be the largest tax cut in modern U.S. history.
In calling for all child care expenses to be tax-exempt, Trump goes further than his Democratic rival, Hillary Clinton. She has specified that she will be working to guarantee up to 12 weeks of paid family and medical leave for new mothers or to care for ill relatives, which would be paid for by the money taken in by her tax surcharge on multimillionaires.
During the Republican National Convention, Trump's daughter, Ivanka, appeared to preview her father's upcoming policies focused on families.
"As president, my father will change the labor laws that were put in place at a time in which women were not a significant part of the workforce and he will focus on making quality child care affordable and accessible for all," she said.
This is Trump's first major policy speech since he laid out his national security plan in June. His plan also calls for a moratorium on any new agency regulations; he would do so by executive order. And he would undo much of President Obama's climate change reform by rescinding the Climate Action Plan, the Waters of the United States rule and the Paris Climate Agreement (limiting global warming to 2 degrees Celsius), and stopping all payments of U.S. tax dollars to U.N. global warming programs.
Many of the themes in this plan echo a plan previously released last September during a news conference at Trump Tower. Such ideas include his call for the repeal and replacement of Obamacare, withdrawal from the Trans-Pacific Partnership agreement (TPP) and a renegotiation of the North American Free Trade Agreement (NAFTA).
But noticeably absent were major spending cuts. Entitlements, military spending or debt negotiation – three areas Trump has mentioned previously, that also account for more than 70 percent of the U.S. federal budget – were absent.
ABC News’ Rebecca Jarvis contributed to this report.
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