His tax reform theory is to give US businesses more money, I assume from tax breaks, so that they will pay more to their "workers", who will then buy goods from US businesses. There are some problems with this plan. First Regan Economics was that if you give tax breaks and money to US businesses they will pay their employees more. Regan Economics failed because the business hoarded the money for themselves. They didn't pay their employees more and thus the employees didn't have more money to spend at US businesses. Instead employees had to go into consumer debt and loan businesses started popping up all over like McDonald's. Citizens are currently living from check to check. Trump's plan sounds a lot similar to Regan Economics. Second we supposedly have an Upper, Middle, and Lower Class. For me I grew up living in new Suburban sub-divisions, I had my own room and was given everything I needed. As such I didn't consider myself part of the Lower Class, but my Dad was bringing home less than $100,000/year. So the Middleclass are those that make above the poverty line which is somewhere around $25,000/year. The rich therefore are those who make over $100,000/year. Yet I hear our government and business leaders talk about the Middleclass starting around $150,000/year. So when Trump is talking about helping the Middleclass, he is in essence talking about helping the rich, like his daughter, whom he referred to in his speech. Third he claims that his new program will stop the exportation of labor and only export goods. Businesses control businesses, they will decide if they want to build in other countries; just like Trump's businesses which in 2015 were looking into building a Trump Tower in Moscow, Russia.
His new plan will not work, it is too much like Regan Economics. And besides, citizens need to save their money for an unsure retirement. Those living from paycheck to paycheck cannot save. And all this is coming from a business that reported a $13 billion dollar loss on their taxes to be tax exempt for a decade. I don't think so, Mr. President. And what did you mean that your plan will start in Missouri just like Route 66, which is no longer in existence?