RALEIGH, NC — (CNN) Jeb Bush will announce his tax plan next week near Raleigh, North Carolina, the former Florida governor said Thursday.
Speaking in Hampton, New Hampshire, Bush said he’ll lay out his tax proposals next Wednesday. The speech marks the next phase of a series of policy address he’s already given on government reform and foreign policy.
While he didn’t unveil specific details about his plan, he said he wants to lower corporate and personal rates “as low as you possibly can, eliminating as many of the deductions as you can.”
“The tax code is rife with all sorts of deductions and credits that make people feel compelled to kind of follow the script rather than say I want to invest in this business cause I know if I take recycled plastic bottles and use the right technology with the right workers, that we can out compete China,” he said.
His remarks came during a campaign event at Foss Manufacturing, which creates polyester fiber out of recycled plastic PET bottles.
“If you create a system where you’re providing real incentive to capital investment that you are going to create higher wage jobs and that should be the objective,” he said.
Bush also drew a contrast with Donald Trump, who favors raising taxes on the wealthy.
Bush spokeswoman Allie Bradenburger said next week’s event will take place at Morris & Associates in Garner, North Carolina.
“Morris is the sort of small manufacturer that will benefit from Governor Bush’s economic policies that will foster an environment to create 19 million news jobs and raise middle-class incomes,” she said.
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