Trump Pledges to Cut 10 Regulations for Every New One, Embrace Crypto, and Lower Corporate Tax Rate

Sep 5, 2024, 04:54 PM

Former President Donald Trump, speaking at the Economic Club of New York, promised significant regulatory reforms and a strong embrace of the cryptocurrency industry. Trump pledged to eliminate ten old regulations for every new one introduced, aiming to reduce bureaucratic hurdles and stimulate economic growth. Additionally, he vowed to make America the world capital for crypto and Bitcoin, emphasizing the importance of embracing future industries. Trump also reiterated his plan to cut the corporate tax rate to 15% for some companies and insisted that companies must manufacture products in America to qualify for tax cuts. He claimed that these measures would rapidly defeat inflation, lower prices, and reignite economic growth. The first big applause came when Trump promised to make America the world capital for crypto and Bitcoin.