{"page":"\u003clink rel=\"stylesheet\" href=\"https://lessonplanet.com/assets/packs/css/resources-572d6a42.css\" /\u003e\n\u003clink rel=\"stylesheet\" href=\"https://lessonplanet.com/assets/packs/css/lp_boclips_stylesheets-f4d0de30.css\" media=\"all\" /\u003e\n\u003cdiv data-title='Trump Overhauls Income Tax Proposal' data-url='/boclips/videos/5c54cb16d8eafeecae1a119f' data-video-url='/boclips/videos/5c54cb16d8eafeecae1a119f' id='bo_player_modal'\u003e\n\u003cdiv class='boclips-resource-page modal-dialog panel-container'\u003e\n\u003cdiv class='react-notifications-root'\u003e\u003c/div\u003e\n\u003cdiv class='rp-header'\u003e\n\u003cdiv class='rp-type'\u003e\n\u003ci aria-hidden='true' class='fai fa-regular fa-circle-play'\u003e\u003c/i\u003e\nVideo\n\u003c/div\u003e\n\u003ch1 class='rp-title' id='video-title'\u003e\nTrump Overhauls Income Tax Proposal\n\u003c/h1\u003e\n\u003cdiv class='rp-actions'\u003e\n\u003cdiv class='mr-1'\u003e\n\u003ca class=\"btn btn-success\" data-posthog-event=\"Signup: LP Signup Activity\" data-posthog-location=\"body_link_boclips\" data-remote=\"true\" href=\"/subscription/new\"\u003e\u003cspan\u003e\u003cspan\u003eGet Free Access\u003c/span\u003e\u003cspan class=\"\"\u003e for 10 Days\u003c/span\u003e\u003cspan\u003e!\u003c/span\u003e\u003c/span\u003e\u003c/a\u003e\n\u003c/div\u003e\n\u003c/div\u003e\n\u003c/div\u003e\n\u003cdiv class='rp-body'\u003e\n\u003cdiv class='rp-info'\u003e\n\u003cdiv aria-label='Hide resource details' class='rp-hide-info' role='button' tabindex='0'\u003e\u0026times;\u003c/div\u003e\n\u003ci aria-label='Expand resource details' class='rp-expand-info fai fa-solid fa-up-right-and-down-left-from-center' role='button' tabindex='0'\u003e\u003c/i\u003e\n\u003ci aria-label='Compress resource details' class='rp-compress-info fai fa-solid fa-down-left-and-up-right-to-center' role='button' tabindex='0'\u003e\u003c/i\u003e\n\u003cdiv class='rp-rating'\u003e\n\u003cspan class='resource-pool'\u003e\n\u003cspan class='pool-label'\u003ePublisher:\u003c/span\u003e\n\u003cspan class='pool-name'\u003e\n\u003cspan class='text'\u003e\u003ca data-publisher-id=\"30356011\" href=\"/search?publisher_ids%5B%5D=30356011\"\u003eCurated Video\u003c/a\u003e\u003c/span\u003e\n\u003c/span\u003e\n\u003c/span\u003e\n\u003c/div\u003e\n\u003cdiv class='rp-description'\u003e\n\u003cspan class='short-description'\u003eRESTRICTION SUMMARY: AP CLIENTS ONLY SHOTLIST:++SOUNDBITES SEPARATED BY BLACK++AP TELEVISION – AP CLIENTS ONLY Detroit – 8 August 2016 1. Republican presidential nominee Donald Trump standing at podium during speech, audience...\u003c/span\u003e\n\u003cspan class='full-description hide'\u003eRESTRICTION SUMMARY: AP CLIENTS ONLY SHOTLIST:++SOUNDBITES SEPARATED BY BLACK++AP TELEVISION – AP CLIENTS ONLY Detroit – 8 August 2016 1. Republican presidential nominee Donald Trump standing at podium during speech, audience applauding2. SOUNDBITE (English) Donald Trump, (R) Presidential Nominee:\"I am proposing an across the board income tax reduction, especially for middle-income Americans.  This will lead to millions of new and really good paying jobs. The rich will pay their fair share, but no one will pay so much that it destroys jobs or undermines our ability as a nation to compete.\" 3. SOUNDBITE (English) Donald Trump, (R) Presidential Nominee:\"As part of this reform, we will eliminate the carried interest deduction, well known deduction, and other special interest loopholes that have been so good for Wall Street investors and for people like me, but unfair to American workers. Tax simplification will be a major feature of the plan.\" 4. SOUNDBITE (English) Donald Trump, (R) Presidential Nominee:\"Our current tax code is so burdensome, and so complex, that we waste 9 billion hours a year in tax code compliance. My plan will reduce the current number of brackets from seven to three, and dramatically streamline the process. We will work with House Republicans on this plan using the same brackets they have proposed – 12 percent, 25 percent, and 33 percent.\" 5. SOUNDBITE (English) Donald Trump, (R) Presidential Nominee:\"These reforms will offer the biggest tax revolution since the Reagan tax reform, which unleashed years of continued economic growth and job creation. We will make America grow again.\" 6. SOUNDBITE (English) Donald Trump, (R) Presidential Nominee:\"Under my plan, no American company will pay more than 15 percent of their business income in taxes.\"7. SOUNDBITE (English) Donald Trump, (R) Presidential Nominee:\"My plan will also help reduce the cost of childcare, by allowing parents to fully deduct the average cost of childcare spending from their taxes.\" 8. SOUNDBITE (English) Donald Trump, (R) Presidential Nominee:\"Upon taking office, I will issue a temporary moratorium on new agency regulations. My running mate, Mike Pence, and by the way – a great guy, signed a similar order when it came and when he worked so hard in Indiana as its governor. This will give our American companies the certainty they need to reinvest in our community, get cash off of the sidelines, start hiring new jobs, and expanding their businesses – so important, that's what it's about.\"9. Protester interrupting Trump's speech STORYLINE: Donald Trump is overhauling the income tax proposal he unveiled during the Republican primary and increasing the amount that would be paid by the highest-income earners.Trump says in an economic speech in Detroit that he wants to simplify the tax code to three brackets: 12 percent, 25 percent and 33 percent of income.That's a change from September, 2015, when he proposed four brackets that would pay zero, 10 percent, 20 percent and 25 percent.Trump says the \"tax simplification will be a major feature \" of his plan and calls it \"the biggest tax revolution since the Reagan tax reform\"He says, \"We will make America grow again.\"Experts said his old plan would have increased the debt by as much as $10 trillion over the next decade.Trump says that no business should pay more than 15 percent of income in taxes.Trump is also proposing allowing parents to fully deduct the average cost of childcare from their taxable income.The current Child and Dependent Care tax credit is capped at 35 percent of qualifying expenses or up to $3,000 for one cared-for individual or $6,000 for two or more.===========================================================Clients are reminded: (i) to check the terms of their licence agreements for use of content outside news programming and that further advice and assistance can be obtained from the AP Archive on: Tel +44 (0) 20 7482 7482 Email: info@aparchive.com(ii) they should check with the applicable collecting society in their Territory regarding the clearance of any sound recording or performance included within the AP Television News service (iii) they have editorial responsibility for the use of all and any content included within the AP Television News service and for libel, privacy, compliance and third party rights applicable to their Territory.\u003c/span\u003e\n\u003c/div\u003e\n\u003cdiv class='action-container flex justify-between'\u003e\n\u003cbutton aria-expanded='false' 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