In response to a new report detailing how Donald Trump’s Project 2025 agenda would raise taxes on the middle class to pay for tax giveaways for the ultra-wealthy and big corporations, DNC Rapid Response Director Alex Floyd released the following statement: 

“Donald Trump and JD Vance’s Project 2025 agenda is an extreme and out-of-touch blueprint to double down on Trump’s failed tax scam that rigged the economy for the ultra-wealthy on the backs of America’s middle class. The Trump-Vance Project 2025 agenda would raise taxes for low- and middle-income families while gifting more tax breaks for billionaires and slashing the tax rate for the largest corporations. Trump and Vance want to put the ultra-wealthy first and leave hardworking Americans behind – and that’s why voters will cast their ballots for middle-class champions Vice President Harris and Governor Walz in November.”

NEW: The Trump-Vance ticket’s Project 2025 agenda would raise taxes on low- and middle-income households to finance tax giveaways for the ultra-wealthy and big corporations.

Center for American Progress: “Project 2025’s Tax Plan Would Raise Taxes on the Middle Class and Cut Taxes for the Wealthy”

“In [Project 2025], far-right extremist plans are outlined that raise taxes on low- and middle-income households to finance tax cuts for the wealthy and large corporations. Project 2025’s tax plan includes an ‘intermediate tax reform’ that includes changes to tax brackets and corporate tax cuts that would shift the tax burden toward middle-income households…

“The shift toward a flat consumption tax while eliminating income taxes would lead to an average $5,900 tax increase for the middle 20 percent of households and an average $2 million tax cut for the top 0.1 percent…

“Project 2025’s new tax bracket system, however, represents an enormous shift of the tax burden from wealthy tax filers to middle-income tax filers. … The end result of these changes would be a tax increase for middle-class households. The median family of four made about $110,000 in 2022 and would experience about a $3,000 tax increase from this change. … In addition, the median one-person household made about $40,000 in 2022 and would experience a $950 tax increase under the plan…

“Combining the changes to tax brackets, the cut in the tax rate on capital gains and dividends for the wealthy, and the elimination of the net investment income tax, this would deliver an average tax cut of up to $2.4 million for the 45,000 households making more than $10 million annually… 

“Project 2025 does not stop at cutting taxes for wealthy individuals; it also proposes an array of tax cuts for corporations. … This would amount to a $24 billion tax cut for the Fortune 100, the 100 largest companies in America…

“[Project 2025] proposes replacing income and corporate taxes with a flat consumption tax as part of a ‘fundamental tax reform’… The lowest-income households (the bottom 20 percent) would pay $4,100 more in taxes, and middle-income households (the middle 20 percent) would pay $5,900 more. The top 1 percent, meanwhile, would see a $360,000 tax cut, and the top 0.1 percent would see a $2 million tax cut.”

Trump’s Project 2025 agenda would go even further than his 2017 tax scam that rigged the economy for the ultra-wealthy at the expense of hardworking Americans, and risk supercharging inflation.

CBS News: “Millions of low- and middle-class households would likely face significantly higher taxes under the Project 2025’s proposals.”

Axios: “Sixteen Nobel prize-winning economists are jumping into the presidential campaign with a stark warning: Former President Trump’s plans would reignite inflation and cause lasting harm to the global economy if he wins in November.”

BBC: “The economic advisers suggest that a second Trump administration should slash corporate and income taxes, abolish the Federal Reserve and even consider a return to gold-backed currency.”

The Hill: “Trump win, GOP sweep would fuel inflation: Moody’s Analytics”

The Atlantic: “Trump’s Plan to Supercharge Inflation”

Project 2025: “The corporate income tax rate should be reduced to 18 percent. The corporate income tax is the most damaging tax in the U.S. tax system, and its primary economic burden falls on workers because capital is more mobile than labor.”

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. … Trump’s advisers, though, have discussed proposals to make deeper cuts to the overall corporate tax rate, potentially to as low as 15 percent, or to use the revenue from the proposed tariffs to pay a dividend to U.S. households. Further cutting corporate taxes … would primarily benefit large firms.”

Trump can’t hide from his disastrous economic record that allowed billionaires to pay less in taxes than the working class for the first time ever and left him with the worst jobs record of any president in modern American history.

Forbes: “Trump Tax Cuts Helped Billionaires Pay Less Taxes Than The Working Class In 2018”

CBS News: “Two years after Trump tax cuts, middle-class Americans are falling behind”

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.”

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”

Bloomberg: “The Offshoring of U.S. Jobs Increased on Trump’s Watch”

REMINDER: Project 2025 is Trump and Vance’s 900 page anti-freedom agenda crafted by the Heritage Foundation and Trump’s far-right extremist allies – it’s “undeniably a Trump-driven operation,” and Vance has praised it as containing “good ideas.”

Axios: “This is undeniably a Trump-driven operation. The biggest tell: Johnny McEntee — one of Trump’s closest White House aides, and his most fervent internal loyalty enforcer — is a senior adviser to Project 2025. One of the most powerful architects is Stephen Miller, a top West Wing adviser for the Trump administration.”

CNN: “Trump claims not to know who is behind Project 2025. A CNN review found at least 140 people who worked for him are involved”

Politico: “Many of the authors of the blueprint are former Trump officials, and the Heritage Foundation has spent the past year-plus recruiting people to implement the plans within the administration, Scott said.”

The Week: “Many of Trump’s indicated plans for a second term fall in line with the Project 2025 outline.”

New York Times: “[Heritage Foundation president Kevin Roberts] told me that he views Heritage’s role today as ‘institutionalizing Trumpism.’ … The lesson of Trump’s first year in office, Roberts told me, is that ‘the Trump administration … simply got a slow start. And Heritage and our allies in Project 2025 believe that must never be repeated.’”

Washington Post: “Trump took a private flight with Project 2025 leader in 2022”

“‘They’re going to lay the groundwork and detail plans for exactly what our movement will do,’ Trump said.”

Vance: “I’ve reviewed a lot of [Project 2025]. There are some good ideas in there.”

Axios: “J.D. Vance wrote foreword of upcoming book from Project 2025 architect”

The New Republic: “Project 2025 Leader Is Overjoyed by Trump’s Vice Presidential Pick”

Nick Corasaniti, New York Times: “[Roberts] reacted to the news [of Vance’s VP selection] ‘with a broad smile on my face’ and said that ‘privately, we were really rooting for him.’”

Vox: “Kevin Roberts, the president of the right-wing Heritage Foundation and the driving force behind Project 2025, told Ward that ‘[Vance] is absolutely going to be one of the leaders — if not the leader — of our movement.’”

Americans are learning more and more about the Trump-Vance ticket’s extreme and unpopular Project 2025 agenda – and rejecting this dangerous and out-of-touch MAGA blueprint.

Navigator Research: “Project 2025 Has Become Significantly More Unfavorable Since Trump Attempted to Distance Himself From the Plan”

“Project 2025 has seen a significant increase in both awareness and unfavorability since our last survey in June. 54 percent of Americans report being familiar with Project 2025 … Among those familiar with the Project 2025, just 11 percent view it favorably, while 43 percent view it unfavorably…

“When people are asked what negative news they have heard recently concerning Donald Trump, mentions of Project 2025 have dramatically increased. … A plurality of Americans believe Project 2025 accurately represents what Trump stands for.”

Navigator Research: “Americans oppose all the key elements in Project 2025, with the greatest concerns around health care, worker’s rights, and dismantling federal programs. Over four in five Americans oppose an array of policies proposed in Project 2025 such as ‘allowing employers to stop paying hourly workers overtime’ … Additionally, four in five oppose ‘allowing the government to monitor people’s pregnancies to potentially prosecute them if they miscarry.’

“Americans’ overall opposition to Project 2025 increases after reading about its specific policy goals.

“Three in five Americans say Project 2025 would benefit the wealthiest Americans, CEOs, and corporations.”

Miami Herald: “As Americans learn more about Project 2025, they become more opposed, poll finds”