{"id":1031024,"date":"2024-04-29T20:02:21","date_gmt":"2024-04-29T20:02:21","guid":{"rendered":"https:\/\/democrats.org\/?p=1031024"},"modified":"2024-05-10T13:50:18","modified_gmt":"2024-05-10T13:50:18","slug":"as-vice-president-harris-touts-economic-progress-trump-roots-for-a-crash","status":"publish","type":"post","link":"https:\/\/democrats.org\/news\/as-vice-president-harris-touts-economic-progress-trump-roots-for-a-crash\/","title":{"rendered":"As Vice President Harris Touts Economic Progress, Trump Roots for a Crash"},"content":{"rendered":"\n
\"\"<\/figure>\n\n\n\n

As Vice President Harris kicks off her nationwide Economic Opportunity Tour today after Donald Trump rooted for the economy to crash, <\/em>DNC Rapid Response Director Alex Floyd released the following statement: <\/em><\/strong><\/p>\n\n\n\n

\u201cWhile President Biden and Vice President Harris are delivering results and building an economy from the bottom up and middle out, Donald Trump rooted for the market to crash for his own selfish political gain. Under the Biden-Harris administration, the American people are seeing record job numbers, lower prescription drug costs, historic investments in infrastructure, and so much more. Meanwhile, Trump is doubling down on his tax scam that gave massive handouts to the ultra-wealthy and big corporations at the expense of working families, promising he\u2019d do it again in a heartbeat if reelected. Luckily, Trump won\u2019t get the chance, because the American people will choose the Biden-Harris administration\u2019s economic success over Trump\u2019s failed MAGAnomics agenda.\u201d<\/p>\n\n\n\n

Vice President Harris is kicking off a nationwide Economic Opportunity Tour in Atlanta today to highlight the Biden-Harris administration\u2019s record investments to build the economy from the bottom up and middle out.<\/strong><\/p>\n\n\n\n

White House Fact Sheet<\/a>: \u201cToday, Vice President Kamala Harris is kicking off a nationwide Economic Opportunity Tour with a stop in Atlanta, GA. During this multi-state tour, the Vice President will be traveling across the country to highlight how the Biden-Harris Administration has built economic opportunity, supported communities, and delivered for the American people. The tour reflects President Biden and Vice President Harris\u2019 commitment to invest in all of America, create an economy in which every person has the freedom to thrive, and help underserved entrepreneurs access historic investments available locally to launch and scale their businesses, build wealth, and strengthen their communities.\u201d<\/p>\n\n\n\n

\u201cThe President and Vice President\u2019s strategy for investing in all of America has helped lead to a historically strong and equitable recovery, and a small business boom that is lifting communities across the country. Under the Biden-Harris Administration we\u2019ve seen the three strongest years for new business applications on record. At the same time, Black business ownership has grown at its fastest pace in 30 years and the Latino new entrepreneurship rate reaching an all-time high in 2023.\u201d<\/p>\n\n\n\n

Fox 5 Atlanta<\/a>: \u201c\u2018President Biden and I are committed to creating an economy in which every person has the freedom to thrive,\u2019 Harris said in a statement. \u2018Our economic approach has delivered great progress, and we will continue to invest in you, your family, and your future.\u2019\u201d<\/p>\n\n\n\n

Meanwhile, Donald Trump rooted for the U.S. economy to crash for his own political gain, saying he doesn\u2019t \u201cwant to be Herbert Hoover\u2026\u201d <\/strong><\/p>\n\n\n\n

Trump<\/a>: \u201cAnd when there\u2019s a crash \u2014 I hope it\u2019s going to be during this next 12 months because I don\u2019t want to be Herbert Hoover. The one president I just don\u2019t want to be, Herbert Hoover.\u201d<\/strong><\/p>\n\n\n\n

Daily Beast<\/a>: \u201cDonald Trump admitted Monday that he wants a severe economic downturn to happen during the next year, because it will help his odds of winning the presidential election.\u201d<\/strong><\/p>\n\n\n\n

\u2026 even though he already is. Trump\u2019s disastrous MAGAnomics agenda left him with the worst jobs record since the Great Depression.<\/strong><\/p>\n\n\n\n

Fortune<\/a>: \u201cTrump to leave office with the worst jobs record since Herbert Hoover\u201d<\/strong><\/p>\n\n\n\n

Washington Post<\/a>: \u201cPresident Trump took office at the crest of the longest economic expansion in U.S. history. He leaves presiding over the worst labor market in modern U.S. history, as an already-sputtering economic recovery has turned negative.\u201d<\/strong><\/p>\n\n\n\n

Forbes<\/a>: \u201cTrump Tax Cuts Helped Billionaires Pay Less Taxes Than The Working Class In 2018\u201d<\/strong><\/p>\n\n\n\n

CBS News<\/a>: \u201cTwo years after Trump tax cuts, middle-class Americans are falling behind\u201d<\/strong><\/p>\n\n\n\n

The Guardian<\/a>: \u201cThey were billed as a \u2018middle-class miracle\u2019 but according to a new book Donald Trump\u2019s $1.5tn tax cuts have helped billionaires pay a lower rate than the working class for the first time in history.\u201d<\/strong><\/p>\n\n\n\n

REMINDER: Trump has repeatedly wished for a market crash for his own benefit over the years. <\/strong><\/p>\n\n\n\n

Trump in 2016<\/a>: \u201cI think I hear it\u2019s the worst first week ever recorded, so we’ll see what happens. Hopefully, the bubble won’t be there \u2026 If the bubble is going to explode, I would rather have it explode before the next president rather than after the next president.\u201d<\/strong><\/p>\n\n\n\n

CNN<\/a>: \u201cTwo years before the housing market collapsed in 2008 and millions of Americans lost their homes, Donald Trump said he was hoping for a crash. \u2018I sort of hope that happens because then people like me would go in and buy,\u2019<\/strong> \u2026\u2018If there is a bubble burst, as they call it, you know you can make a lot of money,\u2019 Trump said in the 2006 audio book, \u2018How to Build a Fortune.\u2019 \u2018If you’re in a good cash position — which I’m in a good cash position today — then people like me would go in and buy like crazy.\u2019\u201d<\/strong><\/p>\n\n\n\n

Trump also gave massive handouts to the ultra-wealthy at the expense of working families. Now, he\u2019s running to make his tax scam permanent.  <\/strong><\/p>\n\n\n\n

Trump<\/a>: \u201cWe will replace Biden\u2019s tax hikes with the beautiful Trump tax cuts. You know, we have to extend the tax cuts.\u201d<\/p>\n\n\n\n

Washington Post<\/a>: \u201cThe former president\u2019s closest economic advisers are plotting an aggressive new set of tax cuts to push on the campaign trail and from the Oval Office if he wins a second term. Trump and his advisers have discussed deeper cuts to both individual and corporate tax rates that would build on his controversial 2017 tax law <\/strong>\u2026 Trump\u2019s 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 \u2026 would primarily benefit large firms.\u201d<\/strong><\/p>\n\n\n\n

Bloomberg<\/a>: \u201c[Trump<\/strong>] intends to center his economic plans on extending and deepening the Republican tax cuts from 2017.\u201d<\/p>\n\n\n\n

CBS News<\/a>: \u201cTwo years after Trump tax cuts, middle-class Americans are falling behind\u201d<\/p>\n\n\n\n

The Guardian<\/a>: \u201cThey were billed as a \u2018middle-class miracle\u2019 but according to a new book Donald Trump\u2019s $1.5tn tax cuts have helped billionaires pay a lower rate than the working class for the first time in history.\u201d<\/p>\n\n\n\n

Forbes<\/a>: \u201cTrump Tax Cuts Helped Billionaires Pay Less Taxes Than The Working Class In 2018\u201d<\/p>\n\n\n\n

Economic Policy Institute<\/a>: \u201cThe TCJA overwhelmingly benefited the rich and corporations while overlooking working families\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"

As Vice President Harris kicks off her nationwide Economic Opportunity Tour today after Donald Trump rooted for the economy to crash, DNC Rapid Response Director Alex Floyd released the following statement:  \u201cWhile President Biden and Vice President Harris are delivering results and building an economy from the bottom up and middle out, Donald Trump rooted […]<\/p>\n","protected":false},"author":263,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1],"tags":[],"class_list":["post-1031024","post","type-post","status-publish","format-standard","hentry","category-press-release"],"acf":[],"yoast_head":"\nAs Vice President Harris Touts Economic Progress, Trump Roots for a Crash - Democrats<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/democrats.org\/news\/as-vice-president-harris-touts-economic-progress-trump-roots-for-a-crash\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:site_name\" content=\"Democrats\" \/>\n<meta property=\"article:published_time\" content=\"2024-04-29T20:02:21+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-05-10T13:50:18+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/democrats.org\/wp-content\/uploads\/2024\/05\/War-Room-Master-Image.png?w=1024\" \/>\n<meta name=\"author\" content=\"Claire DePree\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Claire DePree\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"5 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/democrats.org\/news\/as-vice-president-harris-touts-economic-progress-trump-roots-for-a-crash\/\",\"url\":\"https:\/\/democrats.org\/news\/as-vice-president-harris-touts-economic-progress-trump-roots-for-a-crash\/\",\"name\":\"As Vice President Harris Touts Economic Progress, Trump Roots for a Crash - 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