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Trump's plan will help middle and working class, CKE Restaurant CEO says

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Donald Trump's economic plan will benefit the middle and working class by creating good paying jobs, getting rid of wage stagnation and reducing income inequality, CKE Restaurants CEO and Trump economic advisor Andrew Puzder contended Tuesday.

"This plan is… not aimed at picking on this group or hurting that group. It's aimed at helping everybody by generating economic growth nationwide," he said in an interview with CNBC's "Closing Bell. "


Republican U.S. presidential nominee Donald Trump speaks to the Detroit Economic Club at the Cobo Center in Detroit, Michigan August 8, 2016.
Eric Thayer | Reuters

On Monday, Trump announced his plan, which included raising the top income tax rate to 33 percent from his original proposal of 25 percent. The current rate is 39.6 percent.

The Republican presidential nominee also wants to eliminate the estate tax, which kicks in for estates valued at $5.45 million for individuals and $10.9 million for couples.

However, the biggest tax break for the wealthy comes from a so-called pass-through income which is an income that passes through a business to the individual returns of the business owners. Currently it is taxed at the individual rate, or a maximum of 39.6 percent. Trump wants to make it a 15 percent rate for business owners.

Puzder defended the move, saying it would help stimulate growth.

"These are businesses that will reinvest those funds to help create growth," he said. "We have to stop focusing on who we are going punish and who the bad guys are and start focusing on a growing economy,"

—CNBC's Robert Frank contributed to this report.