Excerpt from Real Clear Markets:
[O]n the economy, which is the number-one issue this campaign, Trump has some expanding to do.
In last week’s debate, he briefly set forth his business tax cuts. But in the face of Hillary’s left-wing, “trickle down” critique of tax cuts for investors and the rich, he didn’t make the sale.
Instead, he veered off the tax-cut course, launching a tirade against Germany, Japan, South Korea, NATO, and Saudi Arabia for not paying enough to help shoulder the U.S. defense umbrella. He let Hillary off the hook.
He did commendably suggest that the U.S. could grow at 4, 5, or even 6 percent, and that growth is the ultimate solution to reducing our deficit and debt burden. And he did restate his pledge to repeal and replace Obamacare.
But relentlessly hammering on the details of the economic rejuvenation of America will win this thing, if only he’ll get down to it.
So for Gettysburg and beyond here are a few simple points that Trump should make — over and over and over again.
Reduced marginal tax rates on individuals and business fosters growth every time. So why not point to the tax-cut successes of Democrat John F. Kennedy and Republican Ronald Reagan? They reached across the aisle to create nonpartisan tax-cut coalitions that succeeded in launching booms of 4 to 5 percent.
And why not remind voters that Bill Clinton, after raising income taxes in his first term, which resulted in slower growth, aligned himself with Republicans to slash the capital-gains tax by 30 percent, resulting in a late-90s economic boom?
Read more at Real Clear Markets.
Photo Credit: Mark Taylor