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Politics

Trump unveils tax plan, and restrained demeanor

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Opening sequence

Politics

Trump unveils tax plan, and restrained demeanor

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COMING UP:Trump unveils tax plan, and restrained demeanor

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Transcript

00:00:01
>> Republican Presidential Candidate Donald Trump struggling to get back on message Monday. A speech in Detroit focusing on his economic vision interrupted by protesters more than a dozen times. Trump endured the hecklers, reading points from a teleprompter, and perhaps most importantly, displaying a level of basic discipline fellow Republicans sorely wished they'd seen last week.
00:00:24
And Republicans who watched may have been surprised by something else. The candidate who billed himself as an outsider appearing to lean toward mainstream GOP ideas.>> No American company will pay more than 15% of their business income in taxes. Reuters US Economics Editor, Dan Burns.>> Clearly, his plans around taxes and regulation are right from most Republican playbooks.
00:00:51
He wants to cut marginal tax rates and he wants to scrap unneeded regulation. He talked about there being an across-the-board moratorium on new regulation should he win them White House.>> He walked a finer line on trade seemingly trying to have it both ways.>> And I am in favor, totally in favor of trade.
00:01:11
>> But he said he would renegotiate NAFTA and would not sign The Trans-Pacific Partnership. Some policies still appear geared toward economic populism such as closing the carried interest tax loophole, that allows many in the financial sector to pay lower rates than most income taxes. But other policies could be seen as giveaways to the super rich such as ending the estate tax.
00:01:33
While Trump's plans to slash regulations and cut taxes sound like echoes from the Reagan era, he tried to paint his rival as peddling old ideas.>> She is the candidate of the past. Ours is the campaign of the future.>> Clinton will respond in her own economic speech Thursday.