Skip to main content
Tags: cut | taxes | middle class | economic | policy | Donald Trump

Adviser Wilbur Ross: Trump 'Wants to Cut Taxes for Everybody'

By    |   Tuesday, 01 November 2016 04:54 PM EDT

Donald Trump's tax plan cuts taxes for all Americans with an emphasis on the middle class, his economic policy adviseor Wilbur Ross told Newsmax TV.

A President Trump would slash rates across the board, Ross told host J.D. Hayworth Tuesday's "Newsmax Prime."

"He wants to cut taxes for everybody," Ross said. "Mostly for people in the middle and lower brackets. Family of married couple, two children and a nanny, 35-percent tax reduction at $50,000. $75,000 same couple, 33-percent reduction. $5 million family, same thing, 1-percent reduction. So it's very heavily weighted for the middle, and that's where it should be, because that's where the people need the most help."

Watch J.D. Hayworth on Newsmax TV: Tune in beginning at 8 PM EDT to see "Newsmax Prime" – on FiOS 615, YouTube Livestream, Newsmax TV App from any smartphone, NewsmaxTV.com, Roku, Amazon Fire – More Systems Here

Ross noted Democrat Hillary Clinton, Trump's opponent in the presidential race, wants to raise taxes and increase regulations.

"Trump's program is the exact reverse," he said.

Ross added if Trump wins next week's presidential election and takes office in January, some of his changes will take effect almost immediately.

"As soon as the tax legislation goes through, you'll see the beginning of change," Ross said. "He will put a halt to any new regulations and start to roll back the ones that exist. That shouldn't take too terribly long, because that's a binary kind of a decision to make."

A detailed analysis by the Tax Policy Center concluded Trump's plan would cut taxes in every bracket, at an average of roughly $5,100.

© 2024 Newsmax. All rights reserved.


Newsmax-Tv
Donald Trump's tax plan cuts taxes for all Americans with an emphasis on the middle class, his economic policy adviser Wilbur Ross told Newsmax TV.
cut, taxes, middle class, economic, policy, Donald Trump
271
2016-54-01
Tuesday, 01 November 2016 04:54 PM
Newsmax Media, Inc.

Sign up for Newsmax’s Daily Newsletter

Receive breaking news and original analysis - sent right to your inbox.

(Optional for Local News)
Privacy: We never share your email address.
Join the Newsmax Community
Read and Post Comments
Please review Community Guidelines before posting a comment.
 
TOP

Interest-Based Advertising | Do not sell or share my personal information

Newsmax, Moneynews, Newsmax Health, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, and Newsmax World are trademarks of Newsmax Media, Inc.

NEWSMAX.COM
America's News Page
© Newsmax Media, Inc.
All Rights Reserved
Download the NewsmaxTV App
Get the NewsmaxTV App for iOS Get the NewsmaxTV App for Android Scan QR code to get the NewsmaxTV App
NEWSMAX.COM
America's News Page
© Newsmax Media, Inc.
All Rights Reserved