Politics: Now that Donald Trump has focused on something he at least has some expertise in -- the economy -- he might be able to get his flagging campaign back on track. And give him credit: The ideas he outlined in Monday's economic speech are mostly excellent.
Trump's plan...
Across the board income tax cuts... Tax simplification, with a reduction in the number of tax brackets... Tax cuts for businesses, which today face the highest rates -- nearly 40% -- in the industrial world. Trump would cut business taxes... Deduction of child care spending from taxes... A plan to reform education to help parents exercise their right to choose their child's school. End the death tax. Today, taxes on estates often keep entrepreneurs and small business people from passing their businesses on... A regulatory moratorium and, ultimately, a regulatory rollback... "Unleash the energy revolution" by lifting restrictions on "all sources... Repeal ObamaCare and replace it with a market-friendly alternative that will let Americans choose their coverage...
...there are some aspects of his plan we don't necessarily agree with -- including tariffs... ...and raising tax rates on so-called "carried interest" that some Wall Street hedge firm partners receive...
...an earlier outline of his economic plan, Trump had a top income tax rate of 25%, but now it's at 33%...
...Trump's economic proposals are vastly superior to Hillary Clinton's divide-and-conquer, tax-the-rich policies...
Trump political foes, including even some in the Republican Party, cite many reasons for not liking him or supporting him. Fair enough, no candidate is perfect. But Trump just took one big reason for supporting Clinton off the table. When it comes to the economy, it's now advantage Trump.
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