Donald Trump Lays Out Economic and Tax Plans and Slams Hillary Clinton - Part 1

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LOU DOBBS, FBN HOST: Good evening, everybody. I'm Lou Dobbs.

Donald Trump today unveiled his plan to make America grow again, to restore prosperity, the Republican nominee giving a speech at the Detroit Economic Club, a fitting venue considering the Motor City is less than two years removed from the largest municipal bankruptcy in American history.

Trump today reiterated his support for a 15 percent corporate tax rate, down from the current maximum of 35 percent. He also called for cutting personal income taxes from the current 7-bracket system to create three new brackets of 12, 25 and 33 percent for the highest earners, Trump saying he believes his plan strikes the right balance.

(BEGIN VIDEO CLIP)

DONALD TRUMP (R), PRESIDENTIAL NOMINEE: 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)

(END VIDEO CLIP)

DOBBS: Tonight here, I'll take up Trump's plan with legendary investor Wilbur Ross.

And a lot to talk about tonight, including Hillary Clinton's ever worsening e-mail scandal, critics now blasting the former secretary of state, saying she should be considered complicit in the execution of Iranian nuclear physicist Shahram Amiri. The Iranian regime executed him this weekend after he was convicted of spying for the United States.

But it turns out Amiri was also discussed on a number of the e-mails that were on Clinton's private e-mail server, Senator Tom Cotton saying this weekend that the incident is just the latest evidence that Clinton cannot be trusted with sensitive material.

(BEGIN VIDEO CLIP)

SEN. TOM COTTON (R), ARKANSAS: In the e-mails that were on Hillary Clinton's private server, there were conversations among her senior advisers about this gentleman. That goes to show just how reckless and careless her decisions was (sic) to put that kind of highly classified information on a private server. I think her judgment is not suited to keep this country safe.

(END VIDEO CLIP)

DOBBS: Well, that will be the subject of a discussion coming up here with Pentagon official (sic) K.T. McFarland.

And the Republican establishment may finally be -- they may be waking up to the need to unite around Donald Trump. Over the weekend, Jeb Bush's son, George P. Bush, urged Republicans to stop the infighting.

(BEGIN VIDEO CLIP)

GEORGE P. BUSH, SON OF JEB BUSH: (INAUDIBLE) make sure that (INAUDIBLE)

(END VIDEO CLIP)

DOBBS: Co-host of "The Five" Kimberly Guilfoyle will be joining me to discuss all of that and more here later in the broadcast.

Our top story, 91 days until the presidential election, and the Hillary Clinton campaign voicing serious concerns about Donald Trump's big $80 million fund-raising haul last month, Clinton leading Trump by 13 points in the latest Monmouth University poll. She's up by just over 7 points in the RealClearPolitics average now.

Trump today kept his focus on the economy, referencing yet another example of Clinton's self-described short-circuiting.

(END VIDEO CLIP)

DONALD TRUMP (R), PRESIDENTIAL NOMINEE: Hillary Clinton short-circuited again, to use a now famous term, when she accidentally told the truth and said that she wanted to raise taxes on the middle class.

(APPLAUSE)

(END VIDEO CLIP)

DOBBS: Well, joining us tonight, former Reagan White House political director, Great America PAC strategist, FOX News contributor Ed Rollins, and senior adviser and pollster to the Trump campaign Kellyanne Conway.

Good to have you both with us.

ED ROLLINS, FOX CONTRIBUTOR: Thank you.

DOBBS: These are big holes in the polling, yet you maintain there is a secret source of votes that are not being polled for Donald Trump.

KELLYANNE CONWAY, TRUMP CAMPAIGN ADVISER: Well, you know, Lou, I've been all over this country. Ed certainly has been. I can't find a single hidden Hillary voter anywhere.

(LAUGHTER)

CONWAY: They all way out of the closet, and excited to say they're for Hillary, Bill's wife, Obama's successor, first woman, all of that.

There are many people who will vote for Donald Trump who are not admitting it right now to pollsters. Why? Number one, there's a social desirability factor in saying to your college-educated peers that you're not voting for Donald Trump, and even, if you will, because you want Washington shaken up like it's never been. You want a real change. You don't want Hillary Clinton. As Donald Trump said today, she's yesterday's news and old policies.

And number two, there are many people who are just tired of fighting with friends and family and colleagues about their preference for Donald Trump. They don't want every day of their life to feel like the Thanksgiving table with in-laws...

DOBBS: I was at a table like that yesterday.

CONWAY: Yes!

(CROSSTALK)

DOBBS: But Ed, again, Donald Trump talking about Hillary short-circuiting. We're going to be talking about that later, reporting on what have been a number of disturbing incidences where she does appear to be short- circuiting.

ROLLINS: I am not a medical doctor. I've had a lot of head injuries, so I -- I do know a lot of the symptoms. And I think it's serious, but I don't think that's the issue.

I think the issue right now is Donald Trump is back on the offensive. He had a very good speech today. It's sort of a traditional Republican, Here's our viewpoint, how we get taxes lower, how we get business taxes lower, how we get the economy (INAUDIBLE) how we basically get regulation off the backs of business so we can create jobs. He now has a great contrast with her.

It's a substantive speech. This speech should have been made three days after the convention. We wouldn't have gone through the last couple weeks.

I think -- and Kelly's one of the great pollsters. I would hire her in any (INAUDIBLE) any campaign I was ever in. I think we can cut this gap of 3 or 4 points...

CONWAY: I agree.

ROLLINS: ... and I think that's what we come down to. We now have money in the campaign. We now can spend some money on television, which they have to do. He can't just do it on free television anymore. We've got to get in those states like Pennsylvania (INAUDIBLE) starting to slip away and reinforce those voters on what he's about.

He's about lower taxes, getting people back to work, and making America great again. She can't do that.

DOBBS: And -- and Donald Trump -- does he have to get to those coal miners in person? Does he have to start going into an inner city? He is -- he is right now down in the polls. Is he -- does he have to make a better connection with people in person?

CONWAY: That would be great, and particularly because anecdotes really help people to see the illustration of your larger macroeconomic point.

So today, he did talk a little bit about how Detroit was once the best example of American manufacturing. We made stuff there, and now it's -- it's really part and parcel of the Obama-Hillary type of economic (INAUDIBLE)

But I agree with you, and I think Mike Pence will -- the governor will be very helpful here, too, because as governor of Indiana, he can basically take Hillary Clinton's promise to put the coal industry out of work that she said in West Virginia and travel it (ph) directly westward through all those states like Ohio, certainly Wisconsin, Michigan, Iowa, Indiana, and talk about -- it's not just coal miners, but it's steel workers. It's really just laborers, and it's folks that she doesn't connect with.

But I agree with you. Anecdotes were important. They're important in television ads. As Ed said, you can't just...

DOBBS: Well, I wasn't really speaking of an anecdote...

CONWAY: But also for him to...

(CROSSTALK)

DOBBS: ... personally getting into -- to go -- he talked about putting states in play, to go to those states and be there...

ROLLINS: I'm a great advocate...

DOBBS: ... face to face.

ROLLINS: I would -- I would park Trump One, or whatever they call the airplane and the helicopter. I'd get out there in a bus. I'd go do some retail politics, like you'd normally do when you do -- and -- and -- and get down with people, sit in a small diner with four or five of these miners and talk to them -- let them talk about their problems, and let him relate to them. He's a big personality. People admire him. And he just needs to have some of those sessions one-on-one.

DOBBS: Noise today that John Kasich was about ready, almost ready perhaps, to endorse Donald Trump. Any sign of it in the campaign?

CONWAY: Well, we certainly welcome that. And I did see that Governor Kasich made a comment to the effect today, Lou, that Donald Trump can do very well with those people in Ohio who are suffering the most under the Obama economy. That would be a lot of people in Ohio. That would be good. I think that it would be great to have governor of Ohio's support as we battle in that very important state.

But at the same time, Donald Trump takes his case directly to the people, and so all this talk by the media elite about who endorsed and who didn't endorse -- did anybody notice or much care that Jimmy Carter and Al Gore weren't at the Democratic national convention? Where was the breaking news about that? Where is the breaking news of all the Republicans who want to vote for Hillary Clinton?

DOBBS: Breaking news?

(LAUGHTER)

CONWAY: I mean, it's just silly.

DOBBS: I'm going back to Jimmy Carter and Al Gore, and I'm -- I'm...

CONWAY: Yes, it's not breaking news.

DOBBS: That comes out to 16 years ago.

CONWAY: But we're supposed to care that this former (ph), that former, this one's not at the Republican national convention.

DOBBS: I think this was -- I think -- I don't want to take up time arguing about it, but the fact is it is news. It is on the headlines of our papers and our Web sites and television broadcasts.

I want to conclude with this -- George P. Bush...

CONWAY: Right.

DOBBS: ... leading the Bush family toward sensible grace as a loser in a campaign. He's calling for unity as his elders are behaving like petulant children!

ROLLINS: I don't -- I don't -- I don't know whether he leads the rest of the family, and I don't think it matters. He's the next generation. He's a young, talented guy, got elected in Texas. He may be a future governor of Texas some day. So I welcome him into the mix, and I think we need young people and I think he's a great addition.

DOBBS: You don't think he's leading?

ROLLINS: I don't think he's leading.

DOBBS: You don't think he's an influence?

ROLLINS: I don't think it matters. I think at this point in time...

DOBBS: It matters because I asked. Come on!

(LAUGHTER)

CONWAY: Free thinkers. (INAUDIBLE)

DOBBS: I give him credit. I really do because that had to be a very unpopular Bush thing to do.

ROLLINS: If he doesn't get invited to Thanksgiving dinner, we'll know...

(LAUGHTER)

CONWAY: (INAUDIBLE) and both Bush vice presidents have endorsed Donald Trump, Dick Cheney and Dan Quayle.

DOBBS: Right. Terrific.

CONWAY: Good stuff.

DOBBS: You got it. As always, Kellyanne Conway, thanks for being with us. Ed Rollins...

ROLLINS: Thank you.

DOBBS: ... thank you, sir. Appreciate it.

We're coming right back. Much more straight ahead. Stay with us.

Donald Trump is worried that Hillary's short-circuits are a hazard for the nation and just a way to rationalize her lies and deception.

(BEGIN VIDEO CLIP)

DONALD TRUMP (R), PRESIDENTIAL NOMINEE: She short-circuited. She used the term, short-circuited. She took a little short-circuit in the brain! I think that the people of this country don't want somebody that's going to short-circuit up here, OK, not as your president.

(END VIDEO CLIP)

DOBBS: "The Five's" Kimberly Guilfoyle joins me here next.

And this paraglider going for a breathtaking ride high above one of Idaho's great wonders. We'll show you the stunning video right after these quick messages.

A lot coming up. Stay with us. We'll be right back.

(COMMERCIAL BREAK)

DOBBS: Donald Trump's campaign releasing a new ad attacking Hillary Clinton, portraying the Democratic nominee as a short-circuiting robot.

(BEGIN VIDEO CLIP)

HILLARY CLINTON (D-NY), PRESIDENTIAL NOMINEE: ... hope you will compare what I'm proposing to what my -- my opponent is talking about.

I'm telling you right now, we (INAUDIBLE) going to raise taxes on the middle class!

So I may have short-circuited...

(END VIDEO CLIP)

DOBBS: Well, there are new concerns about Hillary Clinton's health. Over the weekend, the 68-year-old Democrat, who has a history of health issues, from coughing fits to reported double vision, blood clots, fainting, was seen in this photograph being steadied by two people as she climbed a flight of stairs. The photo is from a February campaign event. It reemerged this weekend.

Also reemerging this weekend, little seen video of Clinton at a campaign event in Pennsylvania in April where she apparently lost her train of thought while talking there about health care and mental health issues.

(BEGIN VIDEO CLIP)

CLINTON: My opponent wants to starts all over again. And I can tell you we do not need another big contentious debate about health care. We need to make what we've got work really well and improve it and get the cost out of -- of upward spiral.

(END VIDEO CLIP)

KIMBERLY GUILFOYLE, "THE FIVE" CO-HOST: Oh, my gosh!

DOBBS: Nothing to see, to hear for the national media, at least. They're going to great lengths to hide any concerns over Clinton's health.

Joining me now, co-host of "The Five" Kimberly Guilfoyle. Kimberly, good to see you.

GUILFOYLE: Hi, Lou.

DOBBS: That is a very disturbing, if you will, montage of -- of Secretary Clinton just losing her way!

GUILFOYLE: It certainly raises the issue that there should be some concerns about her health. And I don't think it's, you know, inappropriate. What, because she's a woman, we can't ask about her health or whether or not she's fit to serve as commander-in-chief, the most stressful job in the world, pretty much.

And if it was John McCain, when people questioned his health and his age and such, it was fine, but it's not the questioner (ph) about Secretary Clinton. And obviously, there's some concern there because she has some health issues, so it's not without prior, you know, established facts.

DOBBS: Absolutely. Let's turn to the establishment Republicans again taking something of a run at trying to unite, it appears, a little bit. If they were to be awakening now, that would be very helpful to the nominee, wouldn't it.

GUILFOYLE: Well, certainly because you either are going to be helpful to the nominee as the Republican Party, or you are going to be helpful to Hillary Clinton, the short-circuiting robot. So that's a big problem. So when you think about what Donald Trump has now extended the olive branch -- he said, OK, I'm going to give you a trifecta of endorsements. (INAUDIBLE) was saying, Oh, well, was it genuine? Was it (INAUDIBLE) He did it. He did it. take it. It was the right thing to do. And now what I'd like to see and...

DOBBS: Talking about Kelly Ayotte...

GUILFOYLE: Yes.

DOBBS: ... John McCain, and of course, Paul Ryan.

ROLLINS: Yes. And so that was very good. He didn't just come out and endorse Ryan. He did all three. That's helpful. They should be appreciative. And now we should see a little bit of quid pro quo. And in fact, you know, I would like to see people like John Kasich get on board because Ohio is crucial. And does he want to be known as the spoiler?

It was already bad enough that he didn't come out and endorse him during the Republican convention that was held in his own state. And I like John personally very much. He's done a good job for Ohio. Now it's time to do a good job for the country and for the party.

DOBBS: Yes, it's hard to imagine that John Kasich would want to turn the election over to Hillary Clinton because there is -- this is a zero-sum game.

GUILFOYLE: It's really true.

DOBBS: You are either for Trump or you are for Hillary Clinton. It's that simple.

GUILFOYLE: Yes, and does he want, you know, Hillary Clinton to be picking the next two to three Supreme Court justices? We already know, because Mr. Trump has released a list of, in fact, who he would choose. So that's -- you know, that's a settled question right there. I mean, get on board.

DOBBS: The speech today on the economy, talking about three tax brackets, talking about reducing the corporate tax rate down to 15 percent, and to get business moving again, get the country moving again. It stood -- I understand it was to differentiate himself from Hillary Clinton, but it is such a marked contrast, as well, to our current president, who is always projecting this dour countenance and mood on the country!

GUILFOYLE: Yes, it's like a wet blanket on a bunch of dollar bills, a bed of dollar bills, I'm telling you. Oh! It puts me in a bad mood.

But you have Trump here now saying, Listen, I'm going to encourage jobs in this country. I'm going to build infrastructure. I'm going to make sure we have jobs here. We're going to have Americans rebuilding this country. I like that idea.

And then he also said about giving tax credits for child care deductions, too.

DOBBS: Right.

GUILFOYLE: So that's important, just throw (ph) that branch out there so that he can get some of the votes from women, and educated women, as well.

So there are a lot of things there to like. He knows how to build jobs. He knows how to create some kind of stimulus with the economy. Why not give him a chance? Or do you want four more years of Barack Obama's failed policies, because that's what you're going to get with Hillary. That's the juxtaposition.

DOBBS: Not only was Donald Trump, Kimberly, disciplined and on message throughout and -- and presenting what I think is a terrific proposal, but it was interesting to see, not rise to those protesters who stood up at various -- individually at various points, he didn't react to them at all. And it -- and when he did, it was with humor and grace. So you know, good on him (INAUDIBLE)

GUILFOYLE: Yes, I think a most auspicious day for Donald Trump and continue forward, you know, with this trend. He's not taking the bait. You know, he's rising above it because people like that, the way they behave, they're beneath him. So show it.

DOBBS: Yes. Kimberly, great to have you with us. And at one point, what I was referring to, one of the examples was he said, I will say the Bernie Sanders people had far more energy and spirit, as he was watching one of the protesters be escorted out of the room.

GUILFOYLE: Well, it's...

DOBBS: Kimberly, again, thanks so much.

GUILFOYLE: And you're looking well, Lou. Yes.

DOBBS: Thank you.

(LAUGHTER)

DOBBS: Appreciate it.

Breaking news now in the Zika outbreak. Florida officials are now investigating what may be Palm Beach County's first case of non-travel- related Zika. The person infected had traveled some 70 miles south to Miami-Dade County, where there are 16 cases of locally transmitted Zika. Florida has responded by spraying mosquitoes, trying to remove standing water where the insects breed.

Our question tonight -- be sure to vote in the poll, please. The question -- Are establishment Republicans realizing that not voting for Trump is a vote for Hillary, no matter what they say or pretend? Cast your vote on Twitter @Loudobbs. And Follow Me on Twitter at Loudobbs, like me on Facebook, follow me on Instagram, Loudobbstonight, links to everything Loudobbs.com.

Well, please roll the video and watch as one daredevil soars above one of Idaho's most impressive landscapes, Shoshone Falls, the risk taker paragliding -- look at that! -- over the Idaho waterfall, calmly making his way over and around the 65-mile-high (sic) natural wonder.

Up next, Donald Trump saying Democratic economic policies have failed this country.

(BEGIN VIDEO CLIP)

DONALD TRUMP (R), PRESIDENTIAL NOMINEE: This is a city controlled by Democratic politicians at every level, and unless we change policies, we will not change results, 100 percent.

She is the candidate of the past! Ours is the campaign of the future!

(END VIDEO CLIP)

DOBBS: And the political economy and the future the subject of my commentary here next.

Stay with us.

(COMMERCIAL BREAK)

DOBBS: A few thoughts now on Donald Trump's speech to the Detroit Economic Club today, the Republican nominee laser-focused on his plans to boost the economy and our middle class, and he laid out the philosophical differences with Hillary Clinton and the Democrats.

(BEGIN VIDEO CLIP)

DONALD TRUMP (R), PRESIDENTIAL NOMINEE: It will present a night and day contrast to the job-killing, tax-raising, poverty-introducing Obama-Clinton agenda! The other party has reached backwards into the past to choose a nominee from yesterday who offers only the rhetoric of yesterday and the policies of yesterday.

Just take a look at what happened to New York state manufacturing and take a look at her promises before this happened -- a disaster.

(END VIDEO CLIP)

DOBBS: Trump took aim at Clinton's promise to create 200,000 jobs in New York when she was in the Senate from 2001 to 2009. But as The Washington Posts reports, her efforts failed, the number of jobs in upstate New York virtually unchanged over that eight years as senator, while manufacturing jobs plummeted nearly 25 percent. And some of her lesser economic initiatives involve donors to her campaign, and of course, the Clinton Foundation.

Trump points out her claims to create millions of jobs if elected president don't ring true in any way. Trump says he'll cut business taxes to 15 percent. That will boost big and small businesses alike, a smart move.

And he's getting back to the message of boosting American workers, the middle class and our economy, taking aim squarely at Hillary Clinton and even touting Republican unity, saying he will work with House Republicans on taxes, and he backed up his words today by incorporating Congress's higher rates into his proposal for three income tax brackets -- 12, 25 and 33 percent.

This was a very good speech for Trump, a day that most of his supporters have been waiting for -- sharp and clear policy changes wrapped in an understandable message, important, too, the new direction and prospects for the country if voters do elect Donald Trump.

And with 91 days until the election, it is clear that working men and women and their families, our small businesses and big have a big investment in the election, as does the country -- big ideas, big deals, big doings, and no time for small ball.

Now the quotation of the evening, this one from Eleanor Roosevelt. She said, quote, "Great minds discuss ideas. Average minds discuss events. Small minds discuss people." Gives us all something to shoot for, doesn't it.

We're coming right back.

Donald Trump today delivered his economic plan to restore prosperity and create jobs for all Americans.

(BEGIN VIDEO CLIP)

DONALD TRUMP (R), PRESIDENTIAL NOMINEE: It will be American hands that rebuild this country! Americanism, not globalism will be our new credo!

(END VIDEO CLIP)

DOBBS: Legendary investor Wilbur Ross who is backing Trump for President joins me here next. And later. Former New York City Mayor Rudy Giuliani joins me as well. This jet skier about to show us that precision is everything when speeding through some tight twist and turns along Lake Powell. We'll show you the video next, and there is much more straight ahead. We'll be right back after these messages.

(COMMERCIAL BREAK)

LOU DOBBS: On Wall Street today, Stocks closed lower. The average is basically flat. It was a very late -- light trading day. Crude oil up nearly three percent now. Closing about $43 a barrel. And delta resuming flights after a power outage affected Worldwide, its computers early this morning, the second largest American airline, forced to cancel more than 800 flight. And a reminder to listen to my reports three times a day coast to coast on the Salem Radio Network.

Donald trump in Detroit today, one of the cities hit hardest by the recession, the Republican nominee taking -- aim squarely at Hillary Clinton, and Democratic economic policies for holding the city back.

DONALD TRUMP, PRESIDENTIAL NOMINEE: 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 regulations that force jobs out of your community.

DOBBS: Joining me now, billionaire investor Wilbur Ross. He's the chairman and CEO of WL Ross and Company. One of the world's leading private equity firms. Also a presidential trustee for the Trump Victory Committee. Great to have you here.

WILBUR ROSS: Good to be on here, Lou.

DOBBS: What do you think of the speech?

ROSS: That was terrific. Terrific in terms of substance, terrific in terms of the delivery, and most importantly, they handled very well the stage demonstrators that came.

DOBBS: You didn't react to a single one of them and accept with humor, and was very patient, and you didn't, you know, it's funny to be talking about a presidential candidate who is talking well with a teleprompter, but here's a guy who didn't want to have a teleprompter. He did the best job I've ever seen him do today.

ROSS: I agree with you. And it looked presidential. And I think that is the real Donald Trump coming out.

DOBBS: Donald Trump coming out, putting together a tax plan that is rational that provides incentives. This is -- and by the way, incorporating some of the house Republicans' brackets, this is a real if you will, peace offering from Donald Trump.

ROSS: Well, I think it's a logical offering. I don't think he is doing it just to make peace with Paul Ryan, although that's a worthy idea (INAUDIBLE) believes in it.

DOBBS: You know, and what is your reaction as a businessman to talking about getting rid of carried interest, to get talking about, focusing on more wealth in this country and keeping that wealth where we can. Balance trade rather than free trade which is a fraud. I mean, we all know that but we have some terrible agreements that were in the name of free trade.

ROSS: Yes. But free trade is like free lunch, there is no free lunch. Somebody wins and somebody loses.

DOBBS: Right.

ROSS: And unfortunately, we've been losing with these stupid agreements that we've made.

DOBBS: And yet, this -- he has been attacked from some in his own party for being a protectionist and isolationist because he wants to have rational fair trade agreement.

ROSS: Right. Well, we have to differentiate between Corporate and Mr. and Mrs. America. All these trade agreements aren't so bad for Corporate America because they can just move their factory to go on China or wherever they want. Mr. and Mrs. America are stuck here. And I think that's the imbalance. And a lot of the establishment people are the ones who have got their factories moving offshore.

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