US Elections: Make America Grow Again - ANZ

Research Team at ANZ, notes that the Trump plans to “Make America Grow Again” and announced the key pillars of his economic platform to a crowd in Detroit.

Key Quotes

“Notably, he plans to close tax loopholes and cut the number of income tax brackets to three from seven, with the rates 12%; 25%; and 33%. He would also like to cut corporate tax rates to 15% (from 35%) and eliminate the estate tax (death tax which only applies to estates larger than USD5.5m for individuals).

He plans to make it attractive for multinationals to repatriate funds from overseas with a 10% tax which would help fund his infrastructure build plans. He also spent a great deal of time talking down the TPP and plans to renegotiate NAFTA. Finally, he plans to pause the introduction of additional regulation until economic momentum is strong enough.”