Trump’s economic plans include proposed tariffs, tax cuts and no taxes on tips

The first night of the Republican National Convention kept its official focus on the economy yesterday (Macau time) even after Saturday’s shooting at a rally in Pennsylvania in which former President Donald Trump was injured.

Speakers argued that Trump would fix inflation and bring back prosperity simply by returning to the White House as president. Virginia Gov. Glenn Youngkin lamented, “Tonight, America, the land of opportunity, just doesn’t feel like that anymore.”

But Trump has released few hard numbers and no real policy language or legislative blueprints, and most of the speakers Monday didn’t get into details either. Instead, his campaign is betting that voters care more about attitude than policy specifics.

Trump says he wants tariffs on trade partners and no taxes on tips. He would like to knock the corporate tax rate down a tick. The Republican platform also promises to “defeat” inflation and “quickly bring down all prices,” in addition to pumping out more oil, natural gas and coal.

The platform would address illegal immigration in part with the “largest deportation program in American history.” And Trump would also scrap President Joe Biden’s policies to develop the market for electric vehicles and renewable energy.

Democrats and several leading economists say the math shows that Trump’s ideas would cause an explosive bout of inflation, wallop the middle class and — by his extending his soon-to-expire tax cuts — heap another $5 trillion-plus onto the national debt. JOSH BOAK, WASHINGTON, MDT/AP