Trump Release Economic Plan, Jeb Bush's Son Supports Trump, Clinton Goes On Attack
Donald Trump sought to get his stumbling campaign back on track Monday, unveiling a tax reform plan aligned with House Speaker Paul Ryan's policy agenda. Trump's new proposal would reduce tax rates for most Americans and simplify the tax code,
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Donald Trump sought to get his stumbling campaign back on track Monday, unveiling a tax reform plan aligned with House Speaker Paul Ryan's policy agenda.
Trump's new proposal would reduce tax rates for most Americans and simplify the tax code, but the new rates Trump proposed mark an increase from those he proposed last year as he campaigned for the Republican nomination and touted his tax reform plan as offering the lowest income tax rates of any of his GOP opponents.
Trump's new proposal would more than halve the number of income tax brackets and bring rates down to 12%, 25% and 33%. Trump proposed drastically reducing federal income tax rates to 10%, 20% and 25% -- a proposal that nonpartisan groups assessed would add trillions of dollars to the national debt.
Americans in the top income bracket are currently taxed at 39.6%. Trump also vowed again Monday that the poorest Americans will have a zero tax rate, which he included in his initial proposal.
Fifty prominent Republican foreign policy and national security experts -- many veterans of George W. Bush's administration -- have signed a letter denouncing Donald Trump's presidential candidacy and pledging not to vote for him.
The letter, first reported by The New York Times Monday, warns: "We are convinced that in the Oval Office, he would be the most reckless President in American history."
Its signatories include former CIA and National Security Agency Director Michael Hayden, former Director of National Intelligence and Deputy Secretary of State John Negroponte and Eric Edelman, who was Vice President Dick Cheney's national security adviser and has worked closely with Michele Flournoy -- a candidate for secretary of defense in a prospective Clinton administration -- to forge a centrist group of defense experts on key military issues.
It also includes two Homeland Security secretaries under Bush, Tom Ridge and Michael Chertoff, and Robert Zoellick, a former World Bank president, U.S. trade representative and deputy secretary of state.
Trump's new proposal would reduce tax rates for most Americans and simplify the tax code, but the new rates Trump proposed mark an increase from those he proposed last year as he campaigned for the Republican nomination and touted his tax reform plan as offering the lowest income tax rates of any of his GOP opponents.
Trump's new proposal would more than halve the number of income tax brackets and bring rates down to 12%, 25% and 33%. Trump proposed drastically reducing federal income tax rates to 10%, 20% and 25% -- a proposal that nonpartisan groups assessed would add trillions of dollars to the national debt.
Americans in the top income bracket are currently taxed at 39.6%. Trump also vowed again Monday that the poorest Americans will have a zero tax rate, which he included in his initial proposal.
Fifty prominent Republican foreign policy and national security experts -- many veterans of George W. Bush's administration -- have signed a letter denouncing Donald Trump's presidential candidacy and pledging not to vote for him.
The letter, first reported by The New York Times Monday, warns: "We are convinced that in the Oval Office, he would be the most reckless President in American history."
Its signatories include former CIA and National Security Agency Director Michael Hayden, former Director of National Intelligence and Deputy Secretary of State John Negroponte and Eric Edelman, who was Vice President Dick Cheney's national security adviser and has worked closely with Michele Flournoy -- a candidate for secretary of defense in a prospective Clinton administration -- to forge a centrist group of defense experts on key military issues.
It also includes two Homeland Security secretaries under Bush, Tom Ridge and Michael Chertoff, and Robert Zoellick, a former World Bank president, U.S. trade representative and deputy secretary of state.
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