President Trump’s economic plan will create 25 million new jobs in next decade, ‘return to 4 percent annual economic growth,’ “lower rates for Americans in every tax bracket, simplify the tax code, and reduce the U. S. corporate tax rate’ according to a statement just posted on the White House wesbite.
He has also proposed ‘a moratorium on new federal regulations and is ordering the heads of federal agencies and departments to identify job-killing regulations.’
The statement also announced the US withdrawal from the Trans-Pacific Partnership and that he is committed to renegotiating NAFTA. “If our partners refuse a renegotiation that gives American workers a fair deal, then the President will give notice of the United States’ intent to withdraw from NAFTA.”
From the White House website
Bringing Back Jobs And Growth Since the recession of 2008, American workers and businesses have suffered through the slowest economic recovery since World War II. The U. S. lost nearly 300,000 manufacturing jobs during this period, while the share of Americans in the work force plummeted to lows not seen since the 1970s, the national debt doubled, and middle class got smaller. To get the economy back on track, President Trump has outlined a bold plan to create 25 million new American jobs in the next decade and return to 4 percent annual economic growth.
This post was published at Zero Hedge on Jan 20, 2017.