Former President Donald Trump on Thursday promised that if he wins the election, his administration would cut the corporate tax rate for “companies that make their product in America.”

Trump said during a speech at the Economic Club of New York that companies that manufacture their products in the U.S. would see a corporate tax decrease from 21% to 15%. He also vowed that there would be “big” tariffs on products made in foreign countries coming into the U.S.

“To further support the revival of American manufacturing, my plan calls for expanded R&D [research and development] tax credits, 100% bonus depreciation, expensing for new manufacturing investments, and a reduction in the corporate tax rate from 21% to 15% solely for companies that make their product in America,” Trump said to the applause of the crowd. “You have to make your product in America.”

“If you outsource, offshore, or replace American workers, you’re not eligible for any of these benefits. In fact, you will pay a very substantial tariff. … There will be a big tariff on that product because we want to make our goods in America,” he added.

PRESIDENT TRUMP: “To further support the revival of American manufacturing, my plan calls for expanded R&D tax credits, 100% bonus depreciation, expensing for new manufacturing investments, and a reduction in the corporate tax rate from 21% to 15% solely for companies that MAKE… pic.twitter.com/9V2vv53Vyd

— Trump War Room (@TrumpWarRoom) September 5, 2024

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The Republican presidential nominee contrasted his corporate tax rate cut plan with Vice President Kamala Harris’ proposed corporate tax rate increase to 28%. A Harris spokesman told NBC News that the vice president’s corporate tax rate proposal is “a fiscally responsible way to put money back in the pockets of working people and ensure billionaires and big corporations pay their fair share.”

Trump argued that Harris “fundamentally rejects freedom and embraces Marxism, communism, and fascism.”

“She is promising communist price controls, wealth confiscation, energy annihilation, reparations. The largest tax increase ever imposed, and mass amnesty and citizenship for tens of millions of migrants who will consume trillions of dollars in federal benefits and destroy Social Security and Medicare,” he said, according to Fox News.

“We’re not going to watch our wealth and jobs get ripped away from us and sent to foreign countries, which is what’s been happening,” Trump added in his speech. “What we’re putting forward is the most pro-American manufacturing and jobs policy in modern history for any country.”

“Little House on the Prairie” star Melissa Gilbert recently discussed moving away from Hollywood more than a decade ago after realizing its negative impact on her life.

The 60-year-old actress, who played Laura Ingalls Wilder on the series starting when she was 9, said she was getting excessive attention in Tinseltown. 

“All of the pressures, I faced all of them,” Gilbert said in an interview with People. “When you live in Los Angeles, it’s like living at the mall when you work at the mall. Literally, everyone is in the business. When you walk into a restaurant, every head turns to see who walked in.” 

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She added, “Everybody’s always looking, curious, competing and that’s a really difficult thing, especially for a female actor. It puts a lot of pressure on staying thin and staying young, and really it makes it hard to feel comfortable in one’s own skin, because [of] the aging process.”

The actress said L.A.’s obsession with looking young was part of the problem.

“No matter how much we push it downstream, it’s inevitable,” Gilbert continued. “So are you going to age comfortably and happily? Are you going to fight it, be unhealthy and feel like there’s something wrong with you for aging and that you’re defective because you’ve gotten older?”

She discussed moving to Michigan in 2013 with her husband Timothy Busfield and halting cosmetic procedures, like Botox, and even had her breast implants removed. The former child star stressed how living outside the Hollywood bubble has been a liberating experience.

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“I had to get out of there [L.A.], because it felt like I was not being authentically myself,” Gilbert told the outlet. “In the five years that I was in Michigan, all of that stopped. … I stopped everything and just focused on being as physically and emotionally healthy as I could. And I think that shows, ‘Yes, I’m aging, but it’s not a curse — it’s a blessing.’”