What You Need to Know About Nikki Haley’s MAGAnomics Agenda

As Nikki Haley rolls out her MAGAnomics agenda today, remember that after putting the wealthy and corporations over working families as governor of South Carolina, Haley is now running on an extreme agenda of gutting Social Security and Medicare and making permanent Donald Trump’s tax scam that increased the deficit and gave hundreds of billions in tax breaks to the top one percent.

Haley wants to make permanent Donald Trump’s tax giveaways that were skewed toward the ultra-wealthy and biggest corporations. 

Haley: “Well I think what I’d like to see is us go back to what Trump had under the tax cuts under him … I was there.”

ITEP: In the final year of Trump’s presidency, the richest 5% of American taxpayers were projected to receive 51% of the share of tax cuts under the Republican tax bill.

ProPublica: “In the first year after Trump signed the legislation, just 82 ultrawealthy households collectively walked away with more than $1 billion in total savings, an analysis of confidential tax records shows.”

New York Times’ David Leonhardt: “President Trump’s 2017 tax cut, which was largely a handout to the rich … helped push the tax rate on the 400 wealthiest households below the rates for almost everyone else.”

Haley has a yearslong record of trying to cut Social Security and Medicare and is now campaigning on ending these programs as we know them, which would be devastating for working families and seniors across the country. 

Associated Press: “Republican presidential candidate Nikki Haley is proposing changes to entitlement programs for younger generations, opening the door to potential cuts to Social Security and Medicare if elected.”

Haley: “Any candidate that says they’re not going to touch entitlements, means that they’re basically going to go into office and leave America bankrupt. … We change retirement age to reflect life expectancy.”

Washington Post: “Nikki Haley, the former South Carolina governor and United Nations ambassador who is planning to announce her own presidential bid this month, also praised Ryan’s Medicare proposal at the time and said lawmakers should examine Medicare and Social Security spending to address federal debt.

“‘What they need to be doing is looking at entitlements,’ Haley said in a 2010 interview on Fox News. ‘Look at Social Security. Look at Medicaid. Look at Medicare. Look at these things, and let’s actually go to the heart of what is causing government to grow, and tackle that.’”

Semafor: “As governor of South Carolina at the time, Nikki Haley praised the [Paul Ryan] fiscal blueprint for ‘trying to bring common sense to this world of insanity.’”

NH Journal: “On entitlement programs, [Nikki Haley] says ‘you have to look at entitlements.’ ‘Let’s not dig our head in the sand and say “we’re not going to do anything about entitlements,” we have to.’”

Haley’s MAGAnomics agenda comes as no surprise: As governor of South Carolina, she supported eliminating the state’s corporate income tax as part of an agenda that benefitted corporations’ bottom lines over hardworking South Carolinians.

Aiken Standard: “Gov.-elect Nikki Haley, who takes office next week, campaigned on eliminating the state’s corporate income tax.”

Augusta Chronicle: “State budget advisers predict eliminating South Carolina’s corporate income tax over four years, as both Haley and House Republicans propose, would reduce state revenues by $61.6 million in the first year and $218.3 million annually when the phase-out is complete. ”

Haley: “We discourage any companies that have unions from wanting to come to South Carolina because we don’t want to taint the water.”

Haley in 2012: “We’ll make the unions understand full well that they are not needed, not wanted and not welcome in the state of South Carolina.”

Bloomberg: “As governor-elect, Haley announced she was appointing a veteran anti-union lawyer as head of South Carolina’s Department of Labor, Licensing, and Regulation to help her ‘fight the unions,’ including at the soon-to-open Boeing plant.”

Wall Street Journal: “Nikki Haley frequently questions the use of public money to help corporations as she campaigns for the Republican presidential nomination, but her tone was significantly different when it came to interests in South Carolina. 

“As a state legislator and candidate for governor, Ms. Haley supported a 2009 economic development package for Boeing Co. valued at as much as $900 million that helped land the company’s 787 Dreamliner production facility in this city. A few years later, as governor, she signed into law an additional $120 million for the aerospace company as part of an expansion. 

“After accepting a seat on Boeing’s board of directors following her time in the Trump administration, she became an opponent of the company’s potential request for government assistance as the possibility of her 2024 presidential bid loomed, abruptly quitting the board and publicly criticizing the idea of government aid. … She collected $256,322 in cash, stock and other compensation from the company in 2019, while receiving an additional $83,750 in 2020, Securities and Exchange Commission filings show.”