Trump to call for moratorium on new financial regulations: report

Republican presidential nominee Donald Trump on Monday plans to call for a temporary moratorium on new financial regulations, Bloomberg News reported.

{mosads}Trump, who will give an economic speech in Detroit, will attempt to distinguish his policies from those of Democratic nominee Hillary Clinton, according to the news outlet.

Senior campaign aides told Bloomberg that Trump will say he does not plan to propose any new financial regulations until there is “significant growth” shown in the economy and will discuss regulatory relief for small businesses.

He will also call for a repeal of the estate tax and will propose a tax rate of 15 percent for U.S. businesses.

During the speech, the candidate will talk about his opposition to the Trans-Pacific Partnership and will attempt to paint the economic policies of the Obama administration as having negatively impacted the middle- and lower-income Americans, Bloomberg reported. He will also propose a cap on child-care costs.

Clinton and President Obama’s “record-breaking pace of new regulations, tax increases, restrictions on private-energy production and one-sided trade deals” have hurt Detroit and other cities, Trump will say, according to excerpts of the speech obtained by Bloomberg.

He will also call regulations by the Obama administration and supported by Clinton a “lead-weight on the economy, an anchor dragging us down,” noting Americans “need to hit the pause buttons on these regulations so our businesses can reinvest in the economy.”

“She’s the candidate of the past and ours is the campaign of the future,” Trump plans to say, according to Bloomberg.

“Every policy that has failed Detroit has been fully supported by Hillary Clinton. The one common feature of every Hillary Clinton idea is that it punishes you from working and doing business in the United States.”

The GOP nominee plans to make other economic speeches this summer, with another speech focused on an infrastructure spending plan.