Trump's speech will focus on providing regulatory relief for small businesses, according to senior campaign aides familiar with its contents. More broadly, the Republican presidential nominee will state that he will not propose any new financial regulations until the economy shows "significant growth," the aides said. (Trump has previously said he would repeal and replace the 2010 Dodd-Frank Act.)
Trump will also propose a repeal of the estate tax, also known as the "death tax." Under current law, the 40 percent tax applies only to estates larger than $5.45 million for individuals and $10.9 million for couples.
For U.S. businesses, Trump will propose a tax rate of 15 percent and suggest strengthening intellectual property protections. He'll also call for the elimination of special tax treatment for carried-interest income at private-equity firms and other investment firms—the latter of which is a proposal his Democratic rival Hillary Clinton also supports.
Donald Trump will propose a temporary moratorium on new financial regulations in an economic speech Monday in Detroit in an effort to draw a stark contrast with the domestic policies of Hillary Clinton, who he says "punishes" the American economy.
With less than 100 days to go until the election, Republican presidential nominee Donald Trump returned to New Hampshire on Saturday to rally supporters.
He will portray Obama's regulatory policies as having crushed middle- and lower-class Americans and will propose making all childcare tax deductible. Clinton, in contrast, has proposed a cap on childcare costs at 10 percent of a family's salary, aides said.
“I would hope that he would cover the full range of economic targets from corporate and personal income tax to trade policy to regulatory reform and energy strategy,” said Wilbur Ross, chief strategy officer at WL Ross & Co., which has invested more than $11 billion in distressed companies, including Bethlehem Steel, since its founding in 2000.
Texas investor Doug Deason, who backed Ted Cruz for president in the primary, said he'd like to see Trump "lay out a plan to lower corporate taxes, eliminate federal bureaucracy costs by 10 percent or more, end all corporate welfare programs, convert welfare programs to work programs and dramatically reduce all of the silly federal rules the current administration has put in place."
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On Wednesday, Federal Reserve Chair Janet Yellen spoke about the interest rates and about the United States' economy
The gold prices dropped below $1.200
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