Donald John Trump

“ First, we will cut taxes on all Working American Families. People will pay a lot less money. Single individuals will not be taxed on the first $12,000 of income earned. And a married couple will pay zero taxes on their first $24,000 of income. After that, taxable income will be subject to just three tax rates—12%, 25% and 35%, it use to be 7%. We will also expand the child tax credit, eliminate the credit’s marriage penalty, and provide a new $500 tax credit for elder-care and other adult dependents. This is the real and lasting tax relief that everyday Americans badly need and truly deserve. ”

“ Companies that stay in our country are being punished by our tax code. This will switch our current offshoring model—a tax system that drives jobs to other countries—to a new American Model. Under this plan, we want our companies to hire and grow in America, to raise wages for American workers, and to help rebuild American cities and towns. ”

“ Third, we are going to restore America’s competitive edge so that American businesses and workers can win again. We will cut the corporate rate below the average of our foreign competitors—and we will reduce the top marginal income tax rate on small and mid-sized businesses to the lowest in more than 80 years. It’s so important because our companies are leaving our shores and when they leave, they let go of the workers. And then they make their product and they send it back into our country. We don’t tax them, we don’t do anything. ”