Donald Trump on his plan to cut taxes

Republican presidential candidate Donald Trump on Republican unity and his tax proposal.

Trump Talks Plan for 'Tremendous' Tax Decreases

Donald Trump says the media got it all wrong when it comes to his plan for taxes and U.S. debt. He told the FOX Business Network’s Maria Bartiromo, his proposal focuses on “massive tax decreases.”

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“I’m really going to fight hard for the middle class... I’m not raising the business [tax rate]. But I could see the wealthy getting a raise. But I’m not talking raise from where they are now, I’m talking about a raise from my low proposal,” he said.

With the U.S. deficit reaching $3.8 trillion in 2015, Trump said if “interest rates go up, we’ll have a chance to buy back bonds at a discount.”

He also said while “there’s tremendous waste fraud and abuse,” he plans to focus on bringing jobs back to the U.S.

He also weighed in on minimum wage.

“I would like to leave it to the states because frankly every state is different, every state has different cost of living… but I will tell you $7.25 is pretty tough and as far as I’m concerned I can see something happening there,” said Trump.

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Last week, Trump said he would name a VP running mate at the Republican National Convention in July.

“I like the concept of military, but I think probably political because we are going to have a lot of legislation that I want to pass without necessarily signing executive orders,” he said.

Meanwhile, Trump is set to meet with Speaker Ryan and members of the House Republican leadership in Washington on Thursday.

“I was called a number of weeks ago by Paul Ryan. It was a very nice call, a very complimentary call. That was the last I spoke to him [and] all of a sudden he wants to talk. I think it’s a time for unity and if there’s not going to be unity, I think that’s ok too. I’ll go out and I think I’ll do very well and I’m going to win the race either way… because Hillary Clinton is a disaster for this country,” he said.

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