JD Vance is Pushing Trump’s Project 2025 “Inflation Bomb” to Hike Costs for Hardworking Families
October 1, 2024
Reminder: No matter what Vance says, Project 2025 is an “undeniably Trump-driven operation” with deep ties to the Trump-Vance ticket.
JD Vance is pushing Donald Trump’s extreme Project 2025 agenda that would risk supercharging inflation while giving tax breaks to billionaires and big corporations at the expense of America’s middle class.
Vance on Trump’s plan that would raise tariffs and raise costs for hardworking Americans: “This is a fascinating proposal and we could talk for a while about it.”
Vance: “I’ve reviewed a lot of [Project 2025]. There’s some good ideas in there.”
New York Times: “Senator JD Vance of Ohio, former President Donald J. Trump’s running mate, denied in an interview with NBC News on Sunday that tariffs had caused higher costs for Americans, as economists have documented.”
Axios: “Trump’s inflation bomb: How his second-term plans could make it worse”
The Atlantic: “Trump’s Plan to Supercharge Inflation”
Wall Street Journal: “A drumbeat of reports from Wall Street economists have warned that Trump’s plans could substantially slow economic growth while driving up consumer prices.”
CBS News: “Millions of low- and middle-class households would likely face significantly higher taxes under the Project 2025’s proposals.”
CNBC: “Trump budget would spike deficits by nearly 5 times Harris proposal, says Penn Wharton”
Washington Post: “Trump and his advisers have discussed deeper cuts to both individual and corporate tax rates that would build on his controversial 2017 tax law … Further cutting corporate taxes … would primarily benefit large firms.”
Vance supports Trump’s failed economic record that ballooned the deficit, created new incentives for companies to ship jobs overseas, and left him with the worst jobs record in modern American history.
Vance: “The left attacked Donald Trump for those tax cuts and said that they would actually make the deficit worse when in reality we took in more revenue because the government got out of the way on the regulatory side and the tax cuts spurred a lot of growth which means more people working, which meant more economic production which meant the entire economy was healthier … I think that we have a pretty common sense regulatory and tax agenda.”
New York Times: “The 2017 corporate and individual tax cuts signed into law by Mr. Trump have not increased government revenue … In fact, they have had the opposite effect.”
Fortune: “Trump to leave office with the worst jobs record since Herbert Hoover”
Bloomberg: “Trump’s Jobs Record Fell Short of Promises Even Before the Virus”
The Guardian: “Donald Trump’s $1.5tn tax cuts have helped billionaires pay a lower rate than the working class for the first time in history.”
Washington Post: “One of President Donald Trump’s lesser-known but profoundly damaging legacies will be the explosive rise in the national debt that occurred on his watch. The financial burden that he’s inflicted on our government will wreak havoc for decades, saddling our kids and grandkids with debt. The national debt has risen by almost $7.8 trillion during Trump’s time in office. … The growth in the annual deficit under Trump ranks as the third-biggest increase, relative to the size of the economy, of any U.S. presidential administration.”
Washington Post: “Trump promised ‘America First’ would keep jobs here. But the tax plan might push them overseas.”