Thread by @DanScavino

🧵PRESIDENT TRUMP’S PLAN TO DEFEAT INFLATION, MAKE AMERICA AFFORDABLE AGAIN, AND RETURN THE UNITED STATES TO EXPLOSIVE ECONOMIC GROWTH🧵

AT THE ECONOMIC CLUB OF NEW YORK—SEPTEMBER 5, 2024…

FIRST, President Trump will immediately issue a National Emergency Declaration to achieve a massive increase in domestic energy supply. With these sweeping authorities, he will blast through every bureaucratic hurdle to issue rapid approvals for new drilling, new pipelines, new refineries, and new power plants and reactors. Prices will fall immediately in anticipation of new supply.

SECOND, to further defeat inflation, President Trump will terminate the Green New Deal and rescind all unspent funds under the misnamed “Inflation Reduction Act.”

THIRD, President Trump will launch a historic campaign to liberate our economy from the crippling regulatory onslaught under Kamala Harris. In his second term, President Trump will eliminate a minimum of TEN old regulations for every one new regulation, which will massively lower prices and help defeat inflation. And instead of attacking industries of the future, President Trump will embrace them, including making America the world-capital for crypto and Bitcoin.

FOURTH, at the suggestion of @ElonMusk, President Trump will create a Government Efficiency Commission tasked with conducting a complete financial and performance audit of the entire federal government—and making recommendations for drastic reforms, which will save TRILLIONS of dollars—further taming inflation and bringing prices down.

FIFTH, President Trump will make the 2017 Tax Cuts and Jobs Act permanent, cut taxes even more, and we will have NO TAX ON TIPS and NO TAX ON SOCIAL SECURITY BENEFITS. To further support the revival of American manufacturing, President Trump’s plan calls for expanded R&D tax credits, 100% bonus depreciation, expensing for new manufacturing investments, and a reduction in the corporate tax rate from 21% to 15% solely for companies that make their product in America. If you outsource, offshore, or replace American workers you are not eligible for any of these benefits—in fact, you will pay a tariff when a product comes in from another country.

SIXTH, under President Trump’s leadership, America will encourage domestic production instead of punishing it, and once again turn America into the manufacturing superpower of the world. The key to this effort will be a pro-American trade policy that uses tariffs to encourage production here and bring trillions of dollars home. President Trump will ensure that the United States has a steel industry, an aluminum industry, a manufacturing base, and a defense industrial base.

SEVENTH, President Trump will make housing much more affordable. As inflation is tamed, interest rates will fall dramatically—reducing mortgage rates back down toward 3%, saving the average homebuyer thousands of dollars per year. He will eliminate regulations that drive up housing costs with the goal of cutting the cost of new home builds in half—and a second Trump Administration will open up portions of federal land for large-scale housing construction—these zones will be ultra-low-tax and low-regulation. Millions of Americans will take part in settling these safe and beautiful communities, reviving the frontier spirit and the American Dream.

FINALLY, with the success of President Trump’s plan to defeat inflation, make America affordable again, and reignite explosive economic growth, he will create America’s own Sovereign Wealth fund to invest in great national endeavors for the benefit of all the American People. This fund will help build extraordinary national development projects, everything from highways to airports to the transportation infrastructure of the future. The United States will be able to invest in state-of-the-art manufacturing hubs, advanced defense capabilities, and cutting-edge medical research, helping save billions of dollars by preventing disease in the first place. A second Trump Administration will invest in new and modern agriculture techniques so we can have safe, healthy, high-quality foods for our families. This wealth fund will return a gigantic profit which will help pay down the national debt.