This is the Cato Daily Podcast for Thursday, August 11th, 2016.

I'm Caleb Brown.

On the rare occasion when Donald Trump talks about policies he'd implement as president,

the details are still pretty thin.

Michael Tanner is a senior fellow at the Cato Institute, he talks about Trump's recently

unveiled economic plan. Well, we should recognize there's some good part to what Donald Trump's been talking

about economically.

He wants to reduce taxes, particularly he wants to

reduce taxes on businesses. He would lower the corporate tax rate to about 15% which

would give us one of the lower tax rates compared to our competitors, not as low as say Ireland,

but lower than a lot of the European countries.

That would certainly be good for competition, it would be good for our businesses.

He also wants to make it possible to repatriate the money that's sort of sitting overseas

right now because our taxes are so high a lot of businesses are holding something close to

two trillion dollars overseas. He would help make it easier to bring that back by sort of a one-time semi-ammon amnesty on that.

He also wants to reduce regulations, particularly in the energy sector and repeal Obamacare and replace it with something great.

We don't know what that would be.

Something awesome. Something awesome.

So there's certainly some areas in which I think it would make the economy grow faster and make us more competitive on a worldwide basis.

But there's also some significantly troubling aspects.

One is his unwillingness to cut government spending.

He simply refuses to touch entitlement programs, which is the majority of government spending,

...