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cailianshe news, september 6 (editor: zhao hao)republican presidential candidate donald trump has recently promised to significantly reduce corporate tax rates, reduce regulatory intervention, and adopt elon musk's proposal to audit the federal government if he is elected.

"i promise: low taxes, low regulation, low energy costs, low interest rates, border security, and very low crime," trump said thursday as he pitched his campaign agenda to wall street and business leaders at the economic club of new york.

source: trumpx account

in terms of the core tax rate policy, trump said he would impose a tax on companies that manufacture products in the united states.the corporate tax rate was further reduced to 15%.in 2017, trump slashed the tax rate from 35% to 21%. in contrast, democratic presidential candidate harris called for an increase to 28%.

trump said, "we want to make our products in the united states, and we can do that for most products. if you replace american workers through outsourcing, offshoring, etc., you will not be eligible for all these benefits."

it was reported that there were about 650 people at the event of the economic club of new york. the club's members include executives of large companies, business leaders and economists. trump supporters such as billionaire john paulson (trump's potential candidate for treasury secretary) were also present.

analysts pointed out that if a 15% corporate tax rate can be achieved, it will be a huge boon to large u.s. companies, but it will also lead to an increase in the federal deficit. some economists believe that if trump is re-elected as president, he may borrow more.

trump also promised to establish atask force to review federal spending, which is also a suggestion made by musk, the world's richest man. trump said that the task force is to "conduct a comprehensive financial and performance audit of the entire federal government and make recommendations for major reforms."

trump also mentioned, “becauseelon (musk) is not too busy and he has agreed to lead this task force.musk has explained that the idea is to ensure that funds from american taxpayers are spent effectively.

in terms of reducing regulatory intervention, trump promised that if elected,for every new regulation enacted, ten existing regulations will be repealedin his first term, he promised that for every new law he introduced, he would repeal two.

referring to the policy of imposing trade taxes, trump called it a "trade policy that is good for americans and encourages domestic production through tariffs." he also proposedfunneling tariff revenues into a sovereign wealth fund, to invest in manufacturing centers, defense and medical research.

"we will create america's own sovereign wealth fund to invest in great national causes and benefit all american people." trump said he would discuss the idea with paulson and suggested that the executives present work together to help provide advice and recommend investments.

trump reiterated that if he wins the election,a 10% tariff is imposed on all imported products.

the european commission has been studying various options and preparing a possible response to trump's measures. many economists say the potential tariffs will reignite inflation in the united states.

trump also said he woulddeclare a "national emergency" in the energy sector to stimulate domestic energy production and quickly approve more new oil and gas extraction projects.

trump believes that these measures will not only ease high oil prices, but are also essential for emerging industries such as artificial intelligence and maintaining the competitiveness of the united states.