>> see you back here in an hour. >> "outnumbered" starts right now. sandra: fox news alert. you're looking live at the detroit economic club where donald trump is set to lay out the plan he claims will get america back on track. has the republican nominee seeks to turn the page and focus on a subject considered his strong suit, the economy. this isout numbered. i'm sandra smith. here today, host of "kennedy" on fox business, kennedy. co-host of "after the bell," melissa francis, democratic strategist julie roginsky is here. today's #oneluckyguy, the perfect guy, the host of "lou dobbs tonight," veteran anchor, lou dobbs is here and he is outnumbered. what a day to have you as we are

set to hear from mr. trump on the economy in a few minutes. >> it's a terrific day. it is exciting in the political sense because he has to change direction and change the conversation, if you will, and demonstrate, demonstrate clearly and consistently he can remain on message and go after his opponent who is after all hillary clinton. sandra: all right. let's dig into the economic policy speech he is set to deliver in the city that has become a symbol of america's manufacturing decline. the gop nominee will spell out his plan to create jobs for millions of americans out of work, and, make america more competitive. among the proposals, reducing the corporate tax rate to 15%, which is way lower than the current 35% rate. revive the keystone pipeline. temporarily freeze new federal regulations and call for an end to obamacare. trump campaign manager paul

manafort says trump's speech will get his campaign back to where it belongs. >> the campaign is three-month campaign, starting monday we'll announce our economic plan. when we do that we're comfortable to get the agenda in the narrative of the campaign, comparing the tepid economy under obama and clinton versus growth economy that mr. trump wants to build. sandra: hillary clinton camp already blasting the plan as trumponomics. saying if he wins you lose. hillary will speak to the detroit economic club later this week where she is expected, lou, to present a clear contrast from trump's campaign plan for the economy. what do you expect today? >> i expect him to lay out as you just suggested a plan on taxation. i think he will talk about trade in some certain terms. i think he will also talk about infrastructure. the importance of getting this

economy going back to historical norms when it comes to growth, that is above 3% and i think, he has an excellent -- first of all, historic venue for presidential nominees to deliver this address. he is now put, by the way, just in scheduling he is already put hillary clinton in the me too speech category as she will follow thursday. rebuttal time. but still no new ideas from the democratic nominee. sandra: kennedy how big is this moment? kennedy: it is big but not only allows him to reset but to contrast which think is really important. she will have to parrot him on trade and infrastructure spending. i think he should stay away from that stuff, focus on positive, lowering corporate tax rates and how it brings jobs and investment into this country. the economy clearly needs infusion of easy cash, and talk about getting rid of the death tax. something he proposed before. this is the great news for the dead and dying.

melissa: when you look around the country it is clear what the problem is in term of economics the disappearing of middle class. the jobs are going away. why is that? two reasons. they have gone overseas. some have been automated away. we don't have the same manufacturing jobs. we have to train and retrain what jobs are out there. there is automation and computer coding and robotics, that what we have to teach our young people. her ideas are exactly same as barack obama. spending from the government, we'll do infrastructure spending and green energy? i would say has it worked over past eight years? gap is gotten bigger, rich are richer and poor goat enpoorer, if you want that to continue, go to her plan. his plan, instead after speed bump in the road, government in front of corporations unleash technology and innovation. get companies motivated to invest to train workers to bring jobs back. that is growth.

sandra: we're awaiting the speech, julie, will donald trump be able to change the conversation from last week which there was a list of controversies? julie: we keep having discussion on the couch, once a week, this is it, this is the trump pivot. this will be the day he focus on substance. melissa: this is the 4th time. julie: exactly i said to you a week before, a month before, six weeks ago and months before he is fundamentally incapable of doing that i heard three people lay out wonderful message donald trump can run with. to make a point he wants to double her spending on infrastructure. not that he wants to get government out of government spending. >> he wants to use the market, not the government. >> he wants to double her infrastructure spending, not just on the markets with government spending. >> that is what he wants as source of the money. >> i will say to you the problem he will not say what you all have said. he will not run with message. something happens day after

tomorrow, three days from now, somebody will look at him go the wrong way, go off the deepened to start offending him. nobody will be talking about the economy anymore. they will talk about some gaff he continues to make. >> there should be a bigger smile on your face. you should be ebullient. julie: i'm next to you. i'm getting the after glow of the dobbs. kennedy: he is his own worst enemy. julie is right, keep quiet and get out the way and lay out economic plan reportedly about to do but that is a win for him you about keeps letting her win. if he would let her lose he could make it much he easier for her. melissa: criticism of his plan, lou, he is not giving specifics. he is not telling us exactly who he will grow the economy. a lot of people look to the speech for more specifics today. can he do that without losing the american people who want, who so far, his supporters, have loved his very simple

explanation of how he can help middle class america? >> i hope he goes with the simple explanation, something i can follow along. sandra: lou. >> he will also not diverge from history if he keeps it simple and keeps away from specificity. that isn't what presidential nominees do. we have the general accounting office, we have the treasury department, we have a host of agencies and departments that can do the millwork. this stuff, it is a trap to get into that. julie: i have to say, every presidential candidate, mitt romney, george bush, go down the list, ronald reagan, everybody lays out a very specific plan. he needs to do that. >> he has already done it. julie: where is the specificity? melissa: talking about corporate tax rate of 15% which takes it down from 35%. >> let's get into this. if you want specificity, what is

the effective corporate rate in this country? it is not 35%. it is 17. are we supposed to get in a marching band and march -- melissa: doesn't effective rate go way down if you reduce the rate from 35 to 15? >> if you eliminate deductions and loopholes. i'm just saying the news media, news media has to get real. it is a 17% effective corporate rate. it is not 35. so what are we talking about? if you want specificity, get into it. melissa: proposing a regulatory pause? that sounds pretty exciting to me. regulation has been one of the main things that held back corporations and especially small businesses. kennedy: that is it, you hit it on it exactly, melissa. that is holding back small business that is the one of the biggest barriers to entry for people in this country who have great ideas but can not get capital to realize them and start the new businesses. that is what has to happens in this country.

melissa: i don't need anymore safety from the government. they kept me as safe as i possibly can. kennedy: we're grinding up body parts in hotdogs. julie: that's what we're going to be doing. >> specificity, by golly. melissa: we're not adding anything extra. >> i hope he doesn't get away from any element that senator jeff sessions is thinking. he looked to sessions as his guru on international trade, border security and import. infrastructure, across a whole, body of issues. and when he sticks close to what sessions he worked out in the early going, he does magnificently. sandra: as we await the speech. you're looking at live podium. we're waiting for donald trump to step up, there are indication of a possible reboot for trump's campaign. this weekend mr. trump finally

endorsing reelections of the paul ryan, john mccain and kelly ayote following a few days of tension. that is not all. he seems to follow advice of fellow republicans by laser focusing his attacks on rival hillary clinton. >> she is a dangerous liar. who has disregarded the lives of americans and who has put all of us at great, great risk. she is unhinged. she is truly unhinged. and she is unbalanced, in one way, she is a monster. okay? [cheering] look at what happened? look at her history. in another way she is a weak person. sandra: julie is begging me to go to her first on this one. let me repeat some of the words

he just used to describe his opponent. unhinged, unfit, a monster even he calling her. julie: here is what i'm talking about. here is donald trump about to lay out hopefully a substantive economic plan. what does he do. he steps on his own message, presumptive, excuse me democratic nominee a monster. you may think hillary clinton is awful human being. you may think hillary clinton is wrong on everything on the planlet. you may think hillary clinton is unfit to be president, she is not a monster. >> that is vaguely cat at that logical. julie: you sound like bill o'reilly with the new words everybody will be learning today, that is the problem for donald trump. he can not stay on message. stay on your economic message. stop with the personal insults. stop insulting the gold star moms. stop unsilting john mccain. stop insulting disabled reporter sandra: i have to jump in real quick.

donald trump's vice-presidential pence stepping to the podium. let's listen in for a second. >> welcome to the detroit economic club. i'm grateful for the warm welcome. it was just a few short weeks ago as a fellow midwesterner as a governor from a state just south of here, that i was i was humbled to accept the republican nomination to run and serve as vice president of the united states of america. [applause] in the midst of weakest economic recovery since the great recession today at this historic forum the republican nominee for the president of the united states will do what so many american leaders have done before at this very podium. very simply put, you will hear your keynote speaker outline a

vision a new economic vision to make america great again. [applause] it is an honor for me to introduce him. a man who just gotten to know personally over the last couple months but we've become fast friends. seems like someone i've known all my life, quite frankly. like so many other american entrepreneurs through the our history, donald trump is a dreamer. he is a builder. he is a driver. and he is a man who speaks his mind. but, he is also a manned -- man i would say what is refreshing about donald trump, that explains the connection he literally made to millions of americans is because even as he has built sky scrippers to the sky -- skyscrapers to the skies, to the summits of our largest cities he has never forgotten men and women who work with

their hands, who grow our food, build our roads, who tend our sick, who protect our families. in a very real sense he has been a builder who has built alongside the men and women who have done the work to see him far off the campaign trail, to see him among the people that have worked with him and for him for years, you see that connection. the ground is level around donald trump and he is the kind of leader that is continuously asking questions of everyone, at every level in his organizations. it is truly inspiring to watch him work. now, he is quite a contrast from the other party's nominee. you know they tell us this economy is the best that we can do. and to the american people know it's a little bit different than that. the last quarter's gdp report, 1.2% growth, the slowest since 1949. it is extraordinary to think the participation rate in our, in the labor in america is the

lowest since 1970s. probably most heartbreaking of all, the number of americans living in poverty has increasedly nearly seven million over the last seven 1/2 years. the american people know it is nowhere near the best we can do. it is just the best they can do and donald trump is going to lead this nation back to a dynamic and growing economy that works for all of our people. [applause] today donald trump will outline an economic vision that will unleash the boundless potential of the american people and the american economy. by empowering working families, businesses large and small and entrepreneurs to hire, to invest, to build and to grow and to produce here in america again. so let me say -- [applause] it is truly a privilege but it

is also a high mon nor for me to introduce to you a man i believe will make america great again and will be the next president of the united states of america, your speaker, donald trump. [applause] >> thank you, everybody. thank you very much. [cheers and applause] thank you. such a crowd. beautiful, thank you very much. thank you. thank you. please. thank you for the invitation to speak to you today. it's wonderful to be in detroit

and been here many times. [applause] we now begin a great national conversation about economic renewal for america. it is a conversation about how to make america great again, for everyone, especially, and i say especially for those who have the very least. the city of detroit -- [applause] -- is where our story begins. detroit was once the economic envy of the world. the people of detroit helped to power america to its position of global dominance in the 20th century. [shouting] [cheers and applause]

thank you. thank you very much. when we were governed by the america first policy, detroit was absolutely booming. engineers, builders, laborers, shippers, and countless others went to work each day provided for their families, and lived out totally, lived out the american dream. but for many, living in this city, that dream has long ago vanished, when we abandoned the policy of america first, we started rebuilding other countries instead of our own. the skyscrapers went up in beijing and many other cities around the world while the factories and neighborhoods crumbled right here in detroit.

our roads and bridges fell into disrepair, yet we found the money to resettle millions of refugees at taxpayer expense. today detroit has per capita income of under $15,000, about half of the national average. 40% of the city's residents live in poverty. over 2 1/2 times the national average. the unemployment rate is more than twice the national average. half of all detroit residents do not work. detroit tops the list of the most dangerous cities in terms of violent crime. [shouting]

[applause] >> thank you. thank you. detroit tops the list of most dangerous cities in terms of violent crime. these are silent victims whose stories are never told by hillary clinton but victims who are suffering is no less real or permanent. in short, the city of detroit is the living, breathing, example of my opponent's failed economic agenda. [cheers and applause] every policy that has failed this city and so many others is a policy supported by hillary clinton. she supports the high taxes and

radical regulation that forced jobs out of your community. and the crime policies have made you far, far less safe and the immigration policies that have strained local budgets and the trade deals like nafta, signed by her husband, that have shipped your jobs to mexico and other countries, and she supports the education policies that deny your students choice, freedom, and opportunity. [applause] she is the candidate of the past. ours is the campaign of the future. [applause] this is a city controlled by democratic politicians at every level and unless we change

policies we will not change results, 100%. [applause] today i will outline my economic vision. in the coming weeks, we will be offering more details on all of these policies and the ones we have already rolled out -- [applause] [shouting] >> trump! >> thank you everybody. this is what happens when you go from 35 people to close to 2,000 people i guess. in coming weeks, we will be offering more detail on all of these policies, and the ones we

have already rolled out can be viewed on my campaign website. our opposition, on the other hand has long ago run out of ideas. all hillary clinton has to offer is more of the same, more taxes, more, regulation, more bureaucrats, more restrictions on american energy, and on american production. more of that. if you were a foreign power looking to weaken america, you couldn't do better that an hillary clinton's economic agenda. [applause] nothing would make our foreign adversaries happier for our country to tax and regulate our companies and our jobs right out of existence. the one common feature of every hillary clinton idea is that it punishes you for working and

doing business in the united states. [applause] every policy she has tilts the playing field towards other countries, at our expense and that's why she tries to distract us with tired, political rhetoric that seeks to label us, divide us and pull us apart. my campaign is about reaching out to everyone as americans, and returning to a government that puts the american people first. [applause] [cheering] thank you.

thank you. here is what an america first economic plan looks like. first let's talk tax reform. taxes are one of the biggest differences in this race. hillary clinton, who has spent her career voting for tax increases, plans another massive job-killing $1.3 trillion tax increase. big increase, one of the biggest ever. her plan would tax many small businesses by almost 50%. recently, at a campaign event, hillary clinton short-circuited, you hearthis one. hillary use ad short-circuited again, to use a now famous term and she accidentally told the truth when she wanted to raise taxes on the middle class.

[applause] i am proposing a 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. [applause] we will eliminate the carried interest deduction. the booing] [shouting] thank you. 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. [applause] 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 7 to three and dramatically streamline the process. [applause] using the same brackets, they have proposed, 12%, 25%, and

33%. for many american workers, their tax rate will be zero. while we will develop -- [booing] [shouting] [cheers and applause] while we will develop our own set of assumptions and policies, agreeing in some areas but not in all or others, we will be focused on the same shared goals and guidance, the same shared principles. jobs, growth, and opportunity. [applause] 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. [applause] in the days ahead, we will provide more details on this plan and how it will help you and most importantly, your family. it will present a night and day contrast to the job-killing tax-raising, poverty-inducing obama-clinton agenda. [cheers and applause] so important the state of new york has already lived through hillary clinton's failed leadership. "the washington post" just

published today, a devastating article on hillary clinton's broken promises. she pledged 200,000 jobs for upstate new york when she was a senator. but what happened? what happened? "the washington post" writes, and i quote, up state job growth stagnated, overall, during her tenure, with manufacturing jobs plunging, record-setting levels. plunging nearly 25%. the former first lady was totally unable to pass big-ticket legislation. many promised jobs, they were all promised, i remember it so well, vote for hillary, she will bring back your jobs, many promised jobs, never materialized and others migrated

to other states. she turned her first presidential run, which also was a disaster. [cheers and applause] thank you. thank you. data shows, that up state actually lost jobs, a lot of them. during clinton's first term. in other words, she was all talk, no action, upstate new york, a disaster. it is a disaster what's happened to upstate new york and nafta, which her husband signed, is a very, very big reason. compared to my record, in a

recent "new york post" article by steve qaso, how donald trump helped save new york city, the paper writes, that i, and this is a direct quote, in other words, it is not from me. [shouting] [applause] [booing] >> thank you. thank you. all very well-planned out. [laughter] [applause] and this is a direct quote, that basically donald trump weighed into a landscape of empty fifth avenue storefronts.

the dust bowl, mugging ground that was central park, so dangerous. and a wall street area seemingly on its last legs as companies moved out. then, almost by sheer force of will, he rode to the rescue. expressing rare faith in the future, he was instrumental in kick-starting the regeneration of neighborhoods and landmarks, almost given up on for dead. true, i have to say. i didn't say it. they say it. it is true. this is what i want to do. [shouting] [applause] you all remember new york city was a disaster.

we made great. we made great. this is what i want to do. [applause] thank you. this is what i want to do for our country. i want to jump-start america and it can be done and it won't even be that hard. [cheers and applause] now, let's look at what the obama-clinton policies have done nationally. their policies produced 1.2% growth, the weakest so-called recovery since the great depression. it is been all over, it is a disaster. a doubling of the national debt during the obama years. there are now 94.3 million americans outside of the labor force.

it was 80.5 million when president obama took office. and an increase of 14 million people. the obama-clinton agenda taxed, spent and regulated, has created a silent nation of jobless americans. homeownership is at its lowest rate in 51 years. [shouting] [booing] thank you very much. thank you. i will say the bernie sanders people had far more energy and

spirit. i will say that. [laughter] nearly 12 million people have been added to the food stamp and these people are growing and it is growing so rapidly, since president obama took office. another nearly seven million people, great americans, are right now, living in poverty, poverty. okay? poverty. we have the lowest labor force participation rates in four decades. 58% of the african-american youth are either outside of the labor force, or not employed. one in five american households do not have a single member in the labor force. not a single member of a

household. these are real unemployment numbers. the 5% figure is one of the biggest hoaxes in american modern politics. [applause] meanwhile american households are earning more than $4,000. think of that, $4,000 less today than they were 16 years ago. the average worker, today, pays 31.5% of their wages to income and payroll taxes, on top of that, state and local taxes consume another 10%, very grim picture. the united states also has the highest business tax rate among the major industrialized nations

of the world at 35%. it is almost 40%. [shouting] [cheering] it is almost 40%, when you add in taxes at the state level and in many cases, and many states it is much higher than that. in other words, we punish companies for making products in america, but let them ship products into the united states, tax-free, if they move overseas. this, ladies and gentlemen, is backwards. this is backwards. all of our policies should be geared toward keeping jobs and

wealth inside of the united states. [applause] under my plan, no american company will not pay more than 15% of their business income in taxes. [applause] in other words, we're reducing new taxes from 35% to 15%. [applause] thank you. thank you. small businesses will benefit the most from this plan. hillary clinton's plan will require small business to pay as much as three times more in taxes, than what i am proposing.

and her onerous regulations will put them totally out of business and you won't be able to start, you can not ever start a small business under the tremendous regulatory burden that you have today in our country. [applause] going to end it. i am going to cut regulations massively. massively. [applause] our lower business tax will also end job-killing corporate invery,s and cause trillions in new dollars and wealth to come pouring into our country. and by the way into cities like right here in detroit. [applause]

to help unleash this new job creation, we will allow businesses to new business investments. no one will gain more from these proposals than low and middle income americans. [applause] my plan will help reduce the cost of child care by allowing parents to fully deduct the average cost of child care spending from their taxes. [applause] we're also going to bring back trillions of dollars from american businesses that are now parked overseas, they can't bring their money back into our country. [applause] our plan will bring that cash home, applying only a 10% tax. this money will be reinvested in

states like michigan. states like michigan. [applause] which are having serious problems. finally, no family will have to pay the death tax. american workers -- [applause] american workers have paid taxes their whole lives and they should not be taxed again at death. it is just plain wrong, and most people agree with that. [applause] we will repeal it. next comes regulatory reform. as with taxes, i will have one overriding goal when it comes to regulations. i want jobs and i want wealth to stay in america.

[applause] motor vehicle manufacturing is one of the most heavily regulated industries in the country and even in the world. the u.s. economy today is 25% smaller than it would have been without the surge of regulations since 1980. it is estimated that current overregulation is costing our economy as much as $2 trillion a year. that is money taken straight out of cities like detroit. some of our cities are suffering so gravely, right out of detroit and others. the federal register is now over 80,000 pages long. as "the wall street journal" noted, president obama has issued close to 400 new major

regulations since taking office. each with a cost to the american economy of $100 million or more. in 2015 alone, the obama administration unilaterally issued more than 2,000 new regulations, each a hidden tax on american consumers, and a massive lead weight on on the american economy. it is time to remove the anchor dragging us down. that is what it is doing, it is dragging us down. [applause] upon taking office, i will issue a temporary moratorium on new agency regulations. [applause] my running mate, mike pence, and by the way, a great guy, signed -- [applause]

signed a similar order when it came and became, 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 with new jobs and expanding their businesses. so important, that is what it's about. [applause] i will also immediately cancel all illegal and overreaching executive orders. [applause] next, i will ask each and every federal agency to prepare a list of all of the regulations they impose on americans which are

not necessary. do not improve public safety, and which needlessly kill many, many, jobs. those regulations will be eliminated quickly. [applause] we are in a competition with the world. and i want america to win. [applause] we don't win anymore. but when i am president, we will start winning again. big league. [applause] one of the most important reforms of all is trade reform. as bernie sanders has said, hillary clinton has bad judgment. said it many times. we've seen this bad judgment overseas, in libya, iraq, and syria.

we've seen it in iran. we've seen it from president obama, when he gives $150 billion to iran, the number one terrorist state and even gives them 400 million in money laundered cash as a ransom payment. but we've also seen the terrible obama-clinton judgment right here, for everybody to see in detroit. hillary clinton has supported the trade deals, stripping this city and this country of its jobs and its wealth. she supported bill clinton's nafta. she supported china's entrance into the world trade organization. she supported job-killing trade deal and that was a really bad one, with south korea. and she supports the trans-pacific partnership, not now. but very soon, if she wins, so

we can't let her win. that will be a disaster for detroit and everybody else. [applause] let's talk about south korea for a moment. it just perfectly illustrates the broken promises that have hurt so many american workers. president obama and the usual so-called experts who have been wrong about every trade deal for decades, predicted that the trade deal with south korea would increase our exports to south korea by more than $10 billion. resulting in some 70,000 jobs. like hillary clinton's broken promises to new york, these pledges all turned out to be false. instead of creating 70,000 jobs, it has killed nearly 100,000 jobs according to the economic

policy institute. our exports to south korea haven't increased at all but their imports to us have surged more than $15 billion, more than doubling our trade deficit with that country. what else is new? it is happening with everyone. the next betrayal will be the trans-pacific partnership. hillary clinton's closest friend, terry mcauliffe confirmed what i have been saying, and this is from the beginning. if sent to the oval office, hillary clinton will enact the tpp. assure as you're sitting there. her donors will make sure of it. a vote for hillary clinton is a vote for it -- for tpp. it's a vote for nafta. our an oomph trade deficit with mexico has risen from close to

zero, think of that, close to zero in 1993 to almost $60 billion today. our total trade deficit in goods hit nearly $800 billion last year, total trade deficit, almost $800 billion. this is a strike at the heart of michigan and our nation as a whole. according to the bureau of labor statistics, before nafta went into effect there were 285,000 auto workers in michigan. today that number is only 160,000 auto workers. detroit is still waiting for hillary clinton's apology. she has been a disaster, obama has been a disaster. i expect detroit will get that apology right around the same time hillary clinton turns over

the 33,000 emails she deleted. [applause] hillary clinton's trans-pacific partnership will be an even bigger disaster for the auto industry, he believe me, even bigger and even worse than nafta. in fact, ford motor company announced its opposition to the deal. according to the economic policy institute, the u.s. trade deficit with the proposed tpp member, all of the member countries, has cost over one million manufacturing jobs in the year 2015, one million jobs. by far, the biggest losses occurred in motor vehicles and parts which lost nearly 740,000 manufacturing jobs. what are we doing?

michigan ranks first for jobs lost as a share of state workforce, due to the trade deficit with tpp members. just imagine how many more automobile jobs will be lost if the tpp is actually approved. it will be catastrophic. that's why i have announced we will withdraw from the deal before that can ever, ever, ever happen. [applause] hillary clinton will never withdraw from tpp. she is bought, controlled and paid for by her donors and special interests, 100%. [applause] because my only interest is the american people, i have previously laid out a detailed, seven-point plan for trade

reform, available on my website. it includes strong protections against currency manipulation, big problem. [applause] tariffs against any countries that cheat by unfairly subsidizing their goods. and it includes a total renegotiation of nafta which is a disaster for our country. a total renegotiation. [applause] and if we don't get a better deal, we will walk away. [applause] at the center of my plan is trade enforcement with china. this alone could return millions of jobs into our country. china is responsible for nearly half of our entire trade deficit.

they break the rules in every way imaginable. including, militarily. china engages in illegal export subsidies, prohibited currency manipulation and rampant theft of intellectual property. it is rampant. it is out of control. they also have no real environmental or labor protections. further undercutting american workers. totally undercutting our workers. just enforcing intellectual property rules alone could save millions of and millions of american jobs. [applause] according to the u.s. international trade commission, improved protection of america's intellectual property in china would produce more than two million more jobs right here,

right now, in the united states. [applause] add that, to the saved jobs from cracking down on currency cheating and product dumping, and we will bring trillions of dollars in new wealth and wages, back to our country, the united states of america. thank you. [applause] so simple. so simple. trade has big benefits. thank you. [applause] trade has big benefits and i am in favor, totally in favor of trade. but i want trade deals for our country, that create more jobs and higher wages for american workers. isolation is not an option.

[shouting] [booing] >> trump, trump, trump. >> thank you. thank you. isolation is not an option. only great and well-crafted trade deals where we as a country, for once, benefit instead of being taken advantage, instead of being taken advantage of, we are going to benefit and our workers are going to benefit or we're not going to make those deals. [applause] also critical, to our economic renewal will be energy reform. the obama-clinton administration has has blocked and destroyed millions of jobs through their anti-energy regulations, while raising the price of electricity for both families and businesses.

as a result, of recent obama epa actions, coal-fired plants across michigan have either shut down entirely, or undergone expensive conversions, making them non-competitive in many cases. the obama-clinton war on coal has cost michigan over 50,000 jobs. hillary clinton says her plan will put a lot of coal companies and coal miners out of business. we will put our coal miners and steelworkers back to work, where they want to be. [applause] clinton not only embraces president obama's job-killing energy restrictions, but wants to expand them, including going after oil and natural gas production, that employs 10 million americans.

according to the heritage foundation, by 2030, think of that. 2030, the obama-clinton energy restrictions will eliminate another half a million manufacturing jobs, reduce economic output by $2.5 trillion, and reduce incomes by $7,000 per person. a trump administration will end this war on the american worker. and unleash an energy revolution, that will bring vast, new, wealth to our country. according to the institute for energy research, lifting the restrictions on all sources of american energy will do the following. increase gdp by more than $100 billion annually, add over 500,000 new jobs, annually, and increase annual wages by more

than $30 billion over the next 7 years. [applause] additionally it will increase, federal, state and local tax revenue by almost $6 trillion over four decades. increase total economic activity by more than $20 trillion over the next 40 years. the reforms i have outlined today, are only the beginning. when we reform our tax, trade, energy, and regulatory policies, we will open a new chapter in american prosperity which is so desperately needed. we need a new chapter. [applause] we can use this new wealth to rebuild our military, which is desperately needed, and our infrastructure.

as part of this new future, we will also be rolling out proposals to increase choice and reduce costs in child care, offering much-needed relief to american families. they're suffering. they're suffering. we're going to get them this much-needed relief ivanka, who is here. [applause] >> stand up. she feels so strongly about this. an incredible team of experts. likewise our education reforms will help parents send kids to a school of