thank you everybody thank you very much
thank you
such a crowd beautiful thank you very much
thank you thank you
please thank you for the invitation to speak to you today
it's wonderful to be in detroit in here many times
we now begin a great national conversation about economic renewal for
America
it's a conversation about how to make America great again for everyone
especially and I say especially for those who have the very latest
the city of Detroit is where our story begins
Detroit was once the economic envy of the world the people of Detroit help the
power American to its position of global dominance in the 20th century
ok
yeah
thank you
thank you very much when we were governed by the america first policy
Detroit was absolutely booming engineers builders laborers shippers and countless
others went to work each day provided for their families and lived out totally
lived out the American dream
but for many living in this city that dream has long ago vanished when we
abandoned the policy of america first we started rebuilding other countries
instead of our own the skyscrapers went up in Beijing and many other cities
around the world while the factories and neighborhoods crumbled right here in
Detroit our roads and bridges fell into disrepair
yet we found the money to resettle millions of refugees at taxpayer expense
today
Detroit has per capita income of under fifteen thousand dollars
about half of the national average
forty percent of the city's residents live in poverty over two and a half
times the national average
the unemployment rate is more than twice the national average
half of all Detroit residence
do not work Detroit tops the list of the most dangerous cities in terms of
violent crime
yeah
ok
thank you Detroit tops the list of most dangerous cities in terms of violent
crime
these are silenced victims whose stories are never told by Hillary Clinton but
victims who is suffering is no less real or permanent
in short the city of Detroit is the living breathing example of my opponents
failed economic agenda
every policy that has failed this city
and so many others is a policy supported by hillary clinton she supports the high
taxes and radical regulation that force jobs out of your community and the crime
policies have made you far far less safe and the immigration policies that have
strained local budgets and the trade deals like NAFTA signed by her husband
that have shipped your jobs to Mexico and other countries and she supports the
education policies that deny your students choice freedom and opportunity
she is the candidate of the past ours is the campaign of the future
this is a city controlled by Democratic politicians at every level and unless we
change policies will not change results
one hundred percent
today I will outline my economic vision in the coming weeks we will be offering
more detail on all of these policies and the ones we have already rolled out
yeah
thank you everyone this is what happens when you go from 35 people too close to
2,000 people i guess in the coming weeks we will be offering more detail on all
of these policies and the ones we've already rolled out can be viewed on mati
campaign website opposition on the other hand has long ago
run out of ideas all Hillary Clinton has to offer is more of the same more taxes
more regulations more bureaucrats more restrictions on American energy and an
American production more of that if you were a foreign power looking to weaken
parent you couldn't do better than Hillary Clinton's economic agenda
nothing would make our foreign adversaries happier than for our country
to tax and regulate our companies and our jobs right out of existence
the one common feature of every Hillary Clinton idea is that it punishes you for
working and doing business in the United States every policy she has tilts the
playing field towards other countries at our expense and that's why she tries to
distract us with tired political rhetoric that seeks to label us divide
us and pull us apart my campaign is about reaching out to everyone as
Americans and returning to a government that puts the American people first
yeah
thank you
here is water in America first economic plan looks like
first let's talk tax reform taxes are one of the biggest differences in this
race Hillary Clinton who has spent her career voting for tax increases plans
another massive job-killing 1.3 trillion dollar tax increase big increase one of
the biggest ever
her plan would tax many small businesses by almost fifty percent recently at a
campaign event
Hillary Clinton short circulate and you know this
you've heard this one Hillary Clinton short-circuited again to use a
now-famous term when she accidentally told the truth and said that you wanted
to raise taxes on the middle class
I am proposing an across-the-board income tax reduction especially for
middle-income Americans
this will lead to millions of new and really good paying jobs
the rich will pay their fair share but no one will pay so much that it destroys
jobs or undermines our ability as a nation to compete
as part of this reform we will eliminate the carried interest deduction
thank you
as part of this reform we will eliminate the carried interest deduction
well known deduction and other special interest loopholes that have been so
good for Wall Street investors and for people like me but unfair to american
workers Tax Simplification will be a major feature of the plan
yeah
our current tax code is so burdensome and so complex that we waste nine
billion hours a year in tax code compliance my plan will reduce the
current number of brackets from seven to three and dramatically streamline the
process
we will work with House Republicans on this plan using the same brackets
they have proposed twelve percent twenty-five percent and thirty-three
percent for many American workers their tax rate will be 0
while we will develop
yeah
well we will develop our own set of assumptions and policies
agreeing in some areas but not in or purple or another's we will be focused
on the same shared goals and guided the same shared principles jobs growth and
opportunity
yeah
these reforms will up for the biggest tax revolution since the reagan tax
reform which Unleashed years of continued economic growth and top create
we will make America grow again
the days ahead we will provide more details on this plan and how it will
help you
and most importantly your family it will present a night and the contrast to the
job-killing tax easing poverty inducing obama-clinton agenda
so important
the state of New York has already lived through Hillary Clinton's failed
leadership the Washington Post just published today a devastating article on
Hillary Clinton's broken promises
she pledged 200,000 jobs for upstate New York when she was a tentative but what
happened what happened
The Washington Post writes and I quote upstate job growth stagnated
overall during her tenure with manufacturing jobs plunging
record-setting levels plunging nearly twenty-five percent the former first
lady was totally unable to pass big-ticket legislation many promised
jobs they were all promised i remembered so well
vote for Hillary shall bring back your jobs many promised jobs never
materialized and others migrated to other states
she turned her first president run which also was a disaster
yeah
ok
thank you
data shows that upstate actually lost jobs a lot of them during Clinton's
first term in other words she was all talk no action
upstate New York to disaster
it's a disaster what's happened to upstate New York and NAFTA with your
husband signed is a very very big reason
compare that to my record in a recent New York Post article by Steve quaza how
Donald Trump help save New York City the paper writes that I and this is a direct
quote
in other words it's not from me
yeah
thank you thank you very well planned out every time
and this is a direct quote that basically Donald Trump waded into a
landscape of empty fifth avenue store friends
the dust ball mugging ground that was central park so dangerous and a wall
street area seemingly on its last legs as companies moved out then almost by
sheer force of will
he rode to the rescue
expressing rare faith in the future
he was instrumental in kick-starting the regeneration of neighborhoods and an
walks almost given up on for dead
true have to say I didn't say it they tear through this is what I want to do
yeah
I'll remember New York City was a disaster
we made it great we made it great
this is what I want to do thank you
this is I want to do for our country
I want to jump start America and it can be done and it won't even be that heart
yeah
now let's look at what the Obama policies have done nationally their
policies produced one-point-two percent growth the week is so called recovery
since the Great Depression been about all over
it's a disaster and a doubling of the national debt during the open years
there are now 94.3 million Americans outside of the labor force it was 80.5
in when president obama took office and increase of 40 million people
the obama-clinton agenda pack spend and regulate has created a silent nation of
jobless americans home ownership is at its lowest rate in 51 years
yeah
thank you very much thank you i will say the Bernie Sanders people had far more
energy and spirit
I will say
yeah
nearly 12 million people have been added to the food stamp and these people are
growing and growing so rapidly since president obama took office
another nearly seven million people great Americans are right now living in
poverty poverty
ok poverty we have the lowest labor force participation rates in four
decades
fifty-eight percent of the african-american youth are either
outside of the labor force or not employed one in five american households
do not have a single medal in the labor force
not a single member of the household
these are real unemployment the five percent figure is one of the biggest
hoaxes in american modern politics
yeah
I mean what about American hat cells are earning more than four thousand dollars
think of that four thousand dollars less today than they were 60p years ago the
average worker today pays 31.5 percent of their wages to income and payroll
taxes on top of that state and local taxes consume another ten percent very
grim picture the United States also has the highest business tax rate among the
major industrialized nations of the world at thirty-five percent
it's almost 40%
it's almost 40% when you add in taxes at the state level and in many cases and
many states it's much higher than that
in other words we punish companies from making products in America but let them
ship products into the united states tax free
if they move overseas this ladies and gentlemen is backwards
this is backwards all policies should be geared toward keeping jobs and wealth
inside of the United States
yeah
under my plan no American company will pay more than fifteen percent of their
business income in taxes
in other words we're reducing your taxes from thirty-five percent to fifteen
percent
thank you
thank you small businesses will benefit the most from this plan
Hillary Clinton's plan will require small business to pay as much as three
times more in taxes than what I'm proposing and her owners regulations
will put that totally out of business and you won't be able to start you
cannot ever start a small business under the tremendous regulatory burden that
you have today in our country going to end it
i am going to cut regulations massively NASA
Howard lower business tactics will also end job-killing corporate inversions and
cause trillions in New dollars and welcome to come pouring into our country
and by the way into titties like right here in Detroit
to help unleash this new job creation
we will allow businesses to immediately expense new business investments
no one will gain more from these proposals then low and middle-income
Americans plan will also reduce the cost of childcare by allowing parents to
fully deduct average cost of child care spending from taxes
we are also going to bring back
trillions of dollars from American businesses that are now parked overseas
they can't bring their money back into our country our plan will bring that
edge home
applying only a 10-percent x
this money will be reinvested in states like Michigan states like Michigan which
are having serious problems
finally no family will have to pay the death tax American workers
american workers have paid taxes their whole lives and they not be taxed to get
the death
it's just plain wrong and most people agree with that we will repeal it
next comes regulatory reform as with taxes i will have one overriding goal
when it comes to regulation
I want jobs and I want wealth to stay in America
motor vehicle manufacturing is one of the most heavily regulated industries in
the country and even in the world
the US economy today is twenty-five percent smaller than it would have been
without the surge of regulations
since 1980 it is estimated that current over regulation is costing our economy
as much as two trillion dollars a year
that's money taken straight out of cities like Detroit so many of our
cities are suffering so gravely right out of Detroit and others
the federal register is now over eighty thousand pages long as the wall street
journal noted
president Obama has issued close to 400 new major regulations
since taking office each with a cost to the American economy of 100 million
dollars or more in 2015 alone
the Obama administration unilaterally issued more than 2,000 new regulations
each a hidden tax on American consumers and a massive lead weight on the
American economy it is time to remove the anchor dragging us down and that's
what it's doing its dragging us down
upon taking office i will issue a temporary moratorium on new agency
regulations
my running mate Mike Pence and by the way a great guy
sign
signed a similar order when it came and became and when he worked so hard in
Indiana as its governor
this will give our American companies the certainty they need to reinvest in
our community
get cash off of the sidelines start hiring new jobs and expanding their
businesses so important that's what it's about
i will also immediately cancel all illegal and over reaching executive
orders
next I will ask each and every federal agency to prepare a list of all of the
regulations they impose on Americans which are not necessary
do not improve public safety and which needlessly kill many many jobs those
regulations will be eliminated quickly
we are in a competition with the world and I want America to win
we don't win anymore but when I am president
we will start winning again big league
one of the most important reforms of all is trade reform as Bernie Sanders has
said Hillary Clinton has bad judgment said it many times we've seen this bad
judgment overseas in Libya Iraq and Syria
we've seen it in Iran we've seen it from President Obama when he gives 150
billion dollars to Iran the number one terrorist state and even gives them 400
million in money laundered cash as a ransom payment but we've also seen the
terrible obama-clinton judgment right here for everybody to see in Detroit
Hillary Clinton has supported the trade deals stripping this city and this
country of its jobs and it's well she supported Bill Clinton's NAFTA she
supported China's entrance into the world trade organization
she supported job-killing trade deal and that was a really bad one with South
Korea and she supports the trans-pacific partnership not now but very soon if she
wins that we can't let her win because that will be a disaster for Detroit and
everybody else
let's talk about South Korea for a moment because it's perfectly and it
just perfectly illustrates the broken promises that have heard so many
American workers
President Obama and the usual so-called experts who've been wrong about every
trade deal for decades predicted that the trade deal with South Korea would
increase our exports to south korea by more than 10 billion dollars resulting
in some 70,000 jobs like Hillary Clinton's broken promises to New York
these pledges all turned out to be false
instead of creating 70,000 jobs it has killed nearly 100,000 jobs according to
the economic policy institute our exports to south korea haven't increased
at all but they are imports to us have surged more than 15 billion dollars more
than doubling our trade deficit with that country
what else is new it's happening with everyone
the next betrayal will be the trans-pacific partnership
Hillary Clinton's closest friend terry mcauliffe confirmed what I've been
saying
and this is from the beginning if sent to the Oval Office
Hillary Clinton will enact the TPP as sure as you're sitting there
her donors will make sure
a vote for Hillary Clinton is a vote for TPP and it's also a vote for nafta our
annual trade deficit in goods with Mexico has ripped prison from close to
zero think of the close to zero in 1993 to almost 60 billion dollars today our
total trade deficit in goods hit nearly 800 billion dollars
last year total trade deficit almost 800 billion dollars
this is a strike at the heart of Michigan and our nation as a whole
according to the bureau of labor statistics before and after went into
effect
there were two hundred and eighty-five thousand auto workers in Michigan today
that number is only 160 thousand auto workers
Detroit is still waiting for Hillary Clinton's apology
she has been a disaster Obama has been a disaster
I expected troit will get that apology right around the same time
Hillary Clinton turns over the 33,000 emails she deleted
Hillary Clinton's trans-pacific partnership will be an even bigger
disaster for the auto industry
believe me even bigger and even worse than after in fact Ford Motor Company
has announced its opposition to the deal
according to the economic policy institute the US trade deficit with the
proposed DPP member all of the member countries has cost over 1 million
manufacturing jobs in the year 2015 1 million jobs by far the biggest losses
occurred in motor vehicles and parts which lost nearly seven hundred and
forty thousand manufacturing jobs
what are we doing michigan ranks first for jobs lost as a share of state work
force due to the trade deficit with TPP members
just imagine how many more automobile jobs will be lost if the TPP is actually
approved it will be catastrophic
that's why i have announced we will withdraw from the deal before that can
ever ever ever happened
Hillary Clinton will never withdraw from TPP
she's bought controlled and paid for by her donors and special interests one
hundred percent because my only interest is the american people i have previously
laid out a detailed 7 . plan for trade reform available on my website
it includes strong protections against currency manipulation big problem
tariffs against any countries that sheep by unfairly subsidizing their goods and
it includes a total renegotiation of NAFTA which is a disaster for our
country
a total read negotiation and if we don't get a better deal
we will walk away
at the center of my plan is trade enforcement with China this alone could
return millions of jobs into our country
china is responsible for nearly half of our entire trade deficit they break the
rules in every way imaginable including militarily
china engages in illegal export subsidies prohibited currency
manipulation and rampant theft of intellectual property its rampant
it's out of control they also have no real environmental or labor protections
further undercutting American workers totally undercutting our workers just
enforcing intellectual property rules alone could save millions and millions
of American jobs
according to the US International Trade Commission improve protection of
America's intellectual property in China would produce more than 2 million more
jobs right here right now in the United States
add that to the save jobs from cracking down on currency cheating and product
dumping and we will bring trillions of dollars in new wealth and wages
back to our country the United States of America
thank you