Republican Donald Trump says that no business should pay more than 15% of income in taxes, and he's calling for a temporary moratorium on federal regulations.
In a speech at the Detroit Economic Club today, Trump also proposed allowing parents to fully deduct the average cost of childcare from their taxable income. The current Child and Dependent Care tax credit is capped at 35% of qualifying expenses or up to $3,000 for one cared-for individual or $6,000 for two or more.
A senior campaign aide says the proposal would be aimed at working and middle class families and that it would include an income limit, though the person declined to say how much. The person spoke on condition of anonymity to discuss details ahead of the speech.
Trump wrongly claimed during his speech that his Democratic rival Hillary Clinton supports the Trans-Pacific Partnership. Trump said "a vote for Hillary Clinton is a vote for TPP." He cited comments made by Virginia Gov. Terry McAuliffe during the Democratic National Convention that he expects Clinton to change her position on the Asia-Pacific trade deal and support it if she's elected to the White House.
Clinton supported the TPP as secretary of state, but announced her opposition last October, saying it failed to meet her test of providing good jobs, raising wages and protecting national security.
Trump has vowed to re-negotiate trade deals to secure better terms for American workers.
Trump also called for overhauling the income tax proposal he unveiled during the Republican primary and increasing the amount that would be paid by the highest-income earners.
Trump said he wants to simplify the tax code to three brackets: 12%, 25% and 33% of income. That's a change from September, 2015, when he proposed four brackets that would pay zero, 10%, 20% and 25%.
Trump says the "tax simplification will be a major feature " of his plan and calls it "the biggest tax revolution since the Reagan tax reform" He says, "We will make America grow again."
Experts said his old plan would have increased the debt by as much as $10 trillion over the next decade.
A string of protests interrupted Trump's speech and appeared to be coordinated.
About ten women individually stood up and shouted "Mr. Trump," followed by questions that were drowned out by boos. The protests occurred in intervals every few minutes and each woman used the same tactic.
Trump himself noted the protests seemed well planned. Trump at times paused while the protesters were dragged out, but he did not directly address any of the protesters or demand they be removed as he has at previous events.
Outside Cobo Hall, hundreds of protestors waved signs and chanted slogans. They ranged from high school-aged students to senior citizens.
Jan Tjernlund carried a sign that said “Trump the Divider.” She doesn’t like what Trump has had to say about women, minorities, and immigration. She also says he doesn’t understand government and is temperamentally unfit to serve, and she has fears for the nation’s stability if he’s elected.
“I am concerned about the future of everything,” she said.
Keith Harris of the National Action Network, a civil rights group, said Trump should drop out of the race.
"Go home, take your wife and your family and leave politics to politicians," Harris said.
Here are some of the tweets from Trump's speech today:
