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Trump talks tax cuts for middle class during speech to Economic Club of NY

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WASHINGTON — President Trump promised to cut taxes for middle-class Americans and deliver 10 million new jobs if handed a second term in the White House during his speech to the Economic Club of New York on Wednesday.

“We are going to be cutting taxes further and that includes business taxes, but it includes especially middle income taxes,” the president said in a live address from the Rose Garden streamed to six of the nation’s nonprofit and nonpartisan Economic Clubs.

The president was pressed on his economic agenda and vowed to deliver a “V-shaped” recovery as the nation continues to stagger amid a coronavirus pandemic which has killed 216,000 Americans, infected 7.8 million others, and shuttered large swaths of the economy.

“The choice facing America is simple: it’s the choice between historic prosperity under my pro-American policies, or crippling poverty and a steep depression under the radical left,” Trump said with just 20 days until the election.

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“Under my continued leadership, we will continue our V-shaped recovery and launch a record-smashing economic boom,” he went on.

“We will end the pandemic with a safe and effective vaccine, create 10 million jobs in the first 10 months of 2021, and quickly return to full employment,” he added.



The commander-in-chief blasted Democratic presidential nominee Joe Biden’s platform, claiming that he would push through a $4 trillion tax hike which would “raise taxes on 80 percent of taxpayers.”

Biden said that if elected, he would only raise taxes for the wealthiest Americans, and families who earn under $400,000 would not pay a cent more in taxes.

President Trump
President TrumpSaul Loeb/AFP via Getty
Images

According to analysis by the Wall Street Journal, the threshold would only apply to 1.8 percent of US households but could make it more difficult for the federal government to pay off ballooning debts.

Trump also used his speech to repeat his tough-on-China message, claiming that Biden would not take the Communist nation to task for its mishandling of the pandemic.

“China unleashed the virus unto the world — and only a Trump Administration will hold them accountable,” he said.

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