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Trump: ‘We’ll Be Doing a Phase 2’ Tax Cut

‘Probably in October’
By Grabien Staff

RUSH EXCERPT:

BARTIROMO: "Let me ask you about what’s next. Because we’ve seen the impact to the economy. What do you want to see happen now? Does the economy need even more stimulus? Are you looking for a phase 2 — "
TRUMP: "We’re doing a phase 2, probably in October, maybe a little sooner than that. It will be more of a middle class. We did a lot for the middle class but this will be more aimed at the middle class. We’re thinking about bringing the 21% down to 20. For the most part the rest of it would go to the middle class. It is a great stimulus. And one of the things I’m doing that you have been reporting on although I’m not sure that you’re a believer, but I think you are getting there, look what’s happening with the steel companies. They are expanding. They are going wild. We need steel. We need aluminium. And we need solar panels. You know, the same thing with solar panels, it was like a dead business, and we did a 30% tariff because they were dumping all over the place. And washing machines, that doesn’t sound very glamorous, it is a big business. If you look at what’s happened to steel and aluminium, we practically built a new industry in a period of four or five months. It is incredible what’s happening. The big thing I’m focused now is trade. I have to straighten out trade deals. We have trade deals — as an example of China, we don’t have a deal with China. Nobody bothered to make a deal. They will charge 25% for a car and we charge 2 1/2% and you have used those numbers on your show. I don’t want to bore people. But we have a — we have the worst trade deals of the world. We lose money with everybody. You know when somebody asks how much do we lose with this country? We lose with everybody. We are going to make them reciprocal, fair, and I will tell you that you don’t know about this, but every country is calling every day saying let’s make a deal, let’s make a deal. It is all going to work out."

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