(NewsNation) — In one of the more policy-dense campaign speeches this election cycle, former President Donald Trump outlined his second-term vision for the economy in Savannah, Georgia, on Tuesday.
Trump spoke about the economy, jobs, and manufacturing, including plans to lower corporate taxes on companies that manufacture in the U.S. and a threat to impose tariffs on companies that move operations and jobs overseas.
The former president also promised Americans greater work opportunities, both in number and in competition with workers from other countries.
“Here is the deal that I will be offering to every major company and manufacturer on Earth,” Trump said. “I will give you the lowest taxes, the lowest energy costs, the lowest regulatory burden, and free access to the best and biggest market on the planet, but only if you make your product here in America.
“It all goes away if you don’t make your product here and hire American workers for the job.”
In response to the speech, the campaign of Vice President Kamala Harris posted on X arguing Trump’s proposed tariff policies would raise costs for Americans by an average of $4,000 a year.
As it stands, Trump leads Harris by 0.7% in Georgia based upon Decision Desk HQ’s average of 30 polls.
Promises Donald Trump has made so far in his campaign for a second term
Since launching his third bid for the White House, former President Donald Trump has insisted on the campaign trail that life was better under his administration, and he has vowed to reverse many of the policies enacted since he left office. His successor’s sweeping climate change agenda, new restrictions on guns and protections for transgender people would all be on the chopping block, he has said.
In rolling back the calendar to before January 2021, Trump also wants to pick up where his administration left off on many of his first-term priorities, and his ideas will sound familiar to anyone who paid attention to his first campaign eight years ago. He has said he plans to finish building the wall between the US and Mexico that he first promised in 2016, remove all undocumented individuals, implement more tariffs on imports and increase American energy production.
His quest to pick up new support has also led him to dangle promises to specific audiences, including proposing in Las Vegas to eliminate income taxes on tipped wages. He has also floated ambitious but vague ideas to position America for the future by embracing flying cars, promoting cryptocurrency and promising to build 10 new “Freedom Cities.”
But an urge for vengeance is also coursing through Trump’s bid to return to Washington, and he is plotting retribution against the systems, institutions and people he believes have wronged him. He and his allies have suggested Trump in a second term could unleash the Justice Department on his political enemies, purge the federal government of disloyal bureaucrats and consolidate power in the executive branch.
US election 2020: Has Trump delivered on his promises?
Before election: Trump promised to lower the corporate tax rate and bring in huge tax cuts for working Americans.
After: The Republican tax plan passed in December 2017, and it largely ticks the box for the president although its merits are hotly disputed. He has had to compromise on his pledge to bring corporation tax down from 35% to 15% (it will be 21% instead).
And the tax cuts for individuals will expire, although Republicans say future governments will simply renew them. But wealthy Americans are expected to benefit more than poorer ones.
Not everyone saw their taxes lowered. For some higher earners in urbanised, mostly Democratic states, taxes went up due to a cap on state and local property and income tax deductions.
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