"I will create a Government Efficiency Commission tasked with conducting a complete financial and performance audit of the entire federal government."
"I will create a Government Efficiency Commission tasked with conducting a complete financial and performance audit of the entire federal government — and making recommendations for drastic reforms," Trump said. The GOP nominee said that the suggestion for the commission came from Elon Musk.
During the speech on the economy, Trump ripped into Vice President Kamala Harris for the policies of the Biden-Harris administration and the inflationary cycle that has plagued the United States throughout her tenure in the office
Trump said that the policies that Harris has touted will lead to American companies going overseas and many people losing their jobs. Harris has vowed to raise the corporate tax rate to 28 percent. Trump said that he will lower the rate to 15 percent.
“For the first time ever,” Trump said, adding that Harris wants to “impose a 25 percent tax on unrealized capital gains. So, if you happen to have a lot of wealth but no cash, you’re in a lot of trouble.”
Although this tax would only apply to those with $100 million or more in assets, this can affect everyday people with 401Ks and other investment accounts. If a majority owner of a publicly traded company does not have the cash to pay the wealth tax, for example, the wealthy owner would likely have to sell off shares from the company, causing its value, and the value of its investment, to drop.
Trump added that his economic plan would be to include a ban on mortgages for illegal immigrants in the US. The GOP said that his plan of cutting the corporate tax rate and other measures would rapidly bring down inflation and "reignite explosive economic growth." The GOP nominee committed to cutting out policies from the Biden-Harris administration that stymie fossil fuel usage as well as vowed to make the country energy independent as well.
Powered by The Post Millennial CMS™ Comments
Join and support independent free thinkers!
We’re independent and can’t be cancelled. The establishment media is increasingly dedicated to divisive cancel culture, corporate wokeism, and political correctness, all while covering up corruption from the corridors of power. The need for fact-based journalism and thoughtful analysis has never been greater. When you support The Post Millennial, you support freedom of the press at a time when it's under direct attack. Join the ranks of independent, free thinkers by supporting us today for as little as $1.
Remind me next month
To find out what personal data we collect and how we use it, please visit our Privacy Policy
Comments