They like it.
By JAMES FREEMAN
On Monday Donald Trump laid out an economic plan that “is his most detailed so far and marks a step forward on regulation, taxes and energy,” writes the Journal editorial board. In contrast to Hillary Clinton’s plan to increase both taxes and regulation, Mr. Trump wants to slash the corporate income tax rate to 15% from 35% and allow businesses to immediately expense new investments. He’s also adopted the House Republican plan to simplify taxes for individuals and reduce rates. And he’s calling for a moratorium on new regulations from the federal bureaucracy.
Mr. Trump is still pushing anti-growth trade policy—as is Mrs. Clinton—but the Trump tax and regulatory agenda would create the conditions for American economic revival. The editorial board concludes, “One economic speech won’t persuade Americans who have doubts about President Trump. To revive his campaign, he’ll need to carry the economic growth theme every day from here to November.”