What about our economy?
Again, I will tell you the plain facts that have been edited out of your nightly news and your morning newspaper: Nearly 4-in-10 African-American children are living in poverty, while 58% of African-American youth are not employed.
Two million more Latinos are in poverty today than when the President took his oath of office less than eight years ago.
Another 14 million people have left the workforce entirely. Household incomes are down more than $4,000 since the year 2000. Our manufacturing trade deficit has reached an all-time high – nearly $800 billion in a single year.
The budget is no better. President Obama has doubled our national debt to more than $19 trillion, and growing.
I pledge to never sign any trade agreement that hurts our workers, or that diminishes our freedom and independence. Instead, I will make individual deals with individual countries. No longer will we enter into these massive deals, with many countries, that are thousands of pages long, and which no one from our country even reads or understands.
We are going to enforce all trade violations, including through the use of taxes and tariffs, against any country that cheats. This includes stopping China’s outrageous theft of intellectual property, along with their illegal product dumping, and their devastating currency manipulation. Our horrible trade agreements with China and many others, will be totally renegotiated. That includes renegotiating NAFTA to get a much better deal for America and we’ll walk away if we don’t get the deal that we want.
We are going to start building and making things again. Next comes the reform of our tax laws, regulations and energy rules. While Hillary Clinton plans a massive tax increase, I have proposed the largest tax reduction of any candidate who has declared for the presidential race this year, Democrat or Republican.
Middle-income Americans will experience profound relief, and taxes will be simplified for everyone. America is one of the highest-taxed nations in the world.
Reducing taxes will cause new companies and new jobs to come roaring back into our country.
Then we are going to deal with the issue of regulation, one of the greatest job-killers of them all.
Excessive regulation is costing our country as much as $2 trillion a year, and we will end it.
We are going to lift the restrictions on the production of American energy.
This will produce more than $20 trillion in job- creating economic activity over the next four decades. My opponent, on the other hand, wants to put the great miners and steel workers of our country out of work. That will never happen when I am President.
With these new economic policies, trillions of dollars will start flowing into our country. This new wealth will improve the quality of life for all Americans. We will build the roads, highways, bridges, tunnels, airports, and the railways of tomorrow. This, in turn, will create millions more jobs.
https://www.washingtonpost.com/news/the-fix/wp/2016/07/21/full-text-donald-trumps-prepared-remarks-accepting-the-republican-nomination/
