Donald Trump Is Proposing The Biggest Tax Cuts Since Ronald Reagan’s Presidency

Republican Presidential Candidates Address 2015 Family Leadership Summit

AMES, IA – JULY 18: Republican presidential hopeful businessman Donald Trump fields questions at The Family Leadership Summit at Stephens Auditorium on July 18, 2015 in Ames, Iowa. According to the organizers the purpose of The Family Leadership Summit is to inspire, motivate, and educate conservatives. (Photo by Scott Olson/Getty Images)

Source: Fortune

By 

And hopes to change the subject from his comments last week.

In a new economic blueprint that is set to unveil next week, Donald Trump will propose one of the biggest tax cuts since Ronald Reagan’s presidency, an advisor to the Republican Presidential nominee told Bloomberg.

The proposal will reiterate Trump’s plan to cut the corporate tax rate to 15%, Stephen Moore, who is the chief economist for the Heritage Foundation, and of one of the men on Trump’s 13-member economic advisory team that the Republican presidential candidate announced Friday, said.

Although he did not specify a timeline, Trump has managed to whittle down the cost in terms of lost tax revenue by about two-thirds, to $3 trillion, Moore said.

Bloomberg reports that Trump has promised to unveil a new policy agenda for “revitalizing the American economy” in a speech Monday at the Detroit Economic Club.

The plan will also supposedly include the major changes to U.S. energy policy that will make the country the biggest producer in the world of oil and gas, as well as coal, Moore told Bloomberg.

For Trump to find his way to the White House, Moore said that the candidate needs to, “keep focused on this lousy economy that has so underperformed.”

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