FOX Business host Larry Kudlow discusses the former president’s plan to bring back jobs and cut regulations on ‘Kudlow.’
Donald Trump announces his new American industrialism, and that is entitled “The Riff.” On the same day of the editorial of the Wall Street Journal that Biden’s boom in manufacturing has never happened, and in fact the production of the American industry has been two years, Mr. Trump gave a keynote speech in Savannah, Georgia about his Young American plan. visionary.
First, the Journal reports that ISM manufacturing purchasing managers have been declining almost continuously since the fall of 2022. Almost all manufacturing operations under Biden-Harris have been delayed by the pandemic.
Jobs and hours worked have declined since October 2022, while real average weekly wages for manufacturing workers are 2.7% lower than in January 2021. All this despite billions of dollars in Biden-Harris funding and Green New Deal tax credits.
TRUMP PROMISES TO STOP PUBLIC FOOD TAXES; CITES ‘INFLATION NIGHTMARE’ FOR THE BIG ONES
Rep. Anna Paulina Luna, R-Fla., and Rep. Scott Perry, R-Pa., called the Democrats’ response to the influx of illegal immigrants ‘Kudlow.’
However, extremes, especially climate-related extremes, and inflation, put a lot of pressure on things. industries. Biden’s EPA climate regulations cast a wet blanket over paper, cement, glass, iron, steel and chemicals. Add to that burden the problem of rising electricity prices!
So, according to Mr. Trump today. Listen to:
DONALD TRUMP: “So, as your president, here is a deal I will give every major company and manufacturer in the world. I will give you the lowest taxes, the lowest energy costs, the lowest regulatory burden and free access to the best and largest market in the world, but only if you make your product here in America .”
That’s what you call America’s new industries. He wants to build ships, planes, robots, AI and super electricity. He then spoke about the essence of his plan. roll tape:
DONALD TRUMP: “The essence of my plan is to revive the industry, which will be a 15% tax rate that is made in America. … the planet, but only for those who make their product in the USA. See, that is an incentive … and we will continue to reduce regulations.
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Already, several Republican House members have written legislation for a 15% corporate tax rate, which would make the US a global competitor again. Mr. Trump expressly authorized 100% write-off of heavy equipment and other equipment in the first year,
He wants full cost of investment in manufacturing, and finally, he promises to cut 10 old regulations for every new law. In his early years, he got it seven to one. Now he wants to go to 10 with one.
Trump’s new vision of America is the key word that ties the bow to all of his pro-growth policies. Break a leg, Mr. He went down the home stretch.
This article is adapted from Larry Kudlow’s opening remarks on Sept. 24, 2024, edition of “Kudlow.”
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