Republican presidential nominee Donald Trump targets taxes and regulations in an economic speech in Detroit as he calls for new era in the United States. Rough Cut (no reporter narration).
ROUGH CUT (NO REPORTER NARRATION) STORY: Republican presidential nominee Donald Trump on Monday sought to regain momentum with an economic speech in which he floated new tax breaks and cuts to regulation, as protesters repeatedly interrupted him. He told the Detroit Economic Club, a traditional venue for political candidates to discuss their economic vision, that his plan would include imposing a temporary moratorium on new federal regulations, and reducing rates for income and corporate taxes. Clinton will offer her own economic vision in a speech in Michigan on Thursday. In a statement ahead of Trump's speech, her campaign said his plan would give tax breaks to the wealthy and big companies, and would hurt working families and trigger a recession. The Detroit speech was Trump's first on the economy since announcing a 13-man team of economic advisers last week, which held its first conference call on Sunday. It also came after what was widely seen as his worst week as a presidential candidate for the Nov. 8 election. Trump got entangled in days of dispute with the parents of a Muslim American soldier who was killed in the Iraq war, and sparred with party leaders. Frustrated Republicans plan to put forth a conservative alternative to Trump, former top House aide and former CIA officer Evan McMullin. Trump's rough ride last week took its toll in opinion polls. A Washington Post-ABC News poll released on Sunday gave his Democratic rival, Hillary Clinton, an eight-point lead, 50 percent to 42 percent. His effort to move to a new phase of the campaign on Monday was marred by frequent outbursts from protesters. Trump waited for the interruptions to end, refraining from his practice at campaign rallies of asking security to "get them out of here." Trump on Monday proposed cutting the number of federal income tax brackets from seven to three and reducing the top rate to 33 percent from 39.6 percent. He had previously said he would drop that rate to 25 percent, an idea many tax experts said would dramatically reduce government income and balloon deficits. Trump also repeated his plan for a 15 percent corporate tax rate. The current corporate rate is 35 percent, and Republicans have long sought to reduce it.