Politics / Donald Trump Your Guide to Trump's Economic Speech He calls for all child-care expenses to be tax-deductible By Newser Editors, Newser Staff Posted Aug 8, 2016 1:21 PM CDT Copied Donald Trump delivers an economic policy speech to the Detroit Economic Club Monday. (AP Photo/Evan Vucci) Donald Trump provided more details of his economic plan on Monday in what was billed as a major speech in Detroit. It's big on tax breaks and critical of government regulation. Some coverage: The basics: Trump called for all child-care expenses to be tax-deductible. He also wants to abolish the estate tax, put a 15% cap on business income tax, reduce the number of tax brackets from seven to three, and put a temporary moratorium on new federal regulations. In addition, he reiterated his call to abolish or overhaul trade agreements. (Via the New York Times and Reuters.) Hecklers: Trump had to stop 10 times in the first 20 minutes as protesters were removed, reports Politico. Key quote: “The city of Detroit is the living, breathing example of my opponent’s failed economic agenda. She supports the high taxes and radical regulation that forced jobs out of your community.” Another on the estate tax: “American workers have paid taxes their whole lives and they should not be taxed again at death. It is just plain wrong, and most people agree with that.” By comparison: ABC News compares Trump's fiscal policies with Hillary Clinton's here. About that child-care proposal: "It wasn’t clear how such a tax break might be structured and whether it would be available to tens of millions of families that don’t pay income taxes because they have lower incomes. Making child-care expenses fully deductible would provide much larger benefits to the wealthiest families that have larger tax bills." See the Wall Street Journal. The full transcript is here. NPR fact-checks the speech and provides an annotated version of the text here. (More Donald Trump stories.) Report an error