{"id":1046798,"date":"2024-08-26T16:01:55","date_gmt":"2024-08-26T20:01:55","guid":{"rendered":"https:\/\/democrats.org\/?p=1046798"},"modified":"2024-08-26T16:01:56","modified_gmt":"2024-08-26T20:01:56","slug":"jd-vance-fundraises-with-ultra-wealthy-megadonors-after-pushing-project-2025-agenda-to-leave-hardworking-americans-behind","status":"publish","type":"post","link":"https:\/\/democrats.org\/news\/jd-vance-fundraises-with-ultra-wealthy-megadonors-after-pushing-project-2025-agenda-to-leave-hardworking-americans-behind\/","title":{"rendered":"JD Vance Fundraises With Ultra-Wealthy Megadonors After Pushing Project 2025 Agenda to Leave Hardworking Americans Behind"},"content":{"rendered":"\n
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As JD Vance fundraises in Kentucky today,<\/em> DNC Rapid Response Director Alex Floyd released the following statement: <\/em><\/strong><\/p>\n\n\n\n

\u201cAfter spending yesterday defending Donald Trump\u2019s middle class tax hikes, today JD Vance is fundraising with more billionaire megadonors in the latest display that the Trump-Vance ticket will put the ultra-wealthy over working families at every turn. Vance and Trump are running on an extreme Project 2025 agenda that would gift more tax breaks to billionaires and big corporations, raise costs for middle class families, and supercharge inflation. Hardworking Americans can\u2019t afford the Trump-Vance ticket\u2019s out-of-touch plans, and won\u2019t be buying any of it this November.\u201d <\/p>\n\n\n\n

TODAY: JD Vance is fundraising in Kentucky with ultra-wealthy and special interest megadonors as the Trump-Vance ticket pushes an extreme Project 2025 agenda to rig the economy for billionaires and big corporations on the backs of working families and risks supercharging inflation.<\/strong><\/p>\n\n\n\n

Lexington Herald-Leader<\/a>: \u201cJD Vance is coming to Lexington for a Trump fundraiser hosted by Craft, Barr & Rogers\u201d<\/p>\n\n\n\n

\u201cThe fundraiser will be hosted by GOP megadonors and Lexington residents Kelly and Joe Craft.\u201d<\/strong><\/p>\n\n\n\n

Vance<\/a> on Trump\u2019s plan that would raise tariffs and raise costs for hardworking Americans: \u201cThis is a fascinating proposal<\/strong> and we could talk for a while about it.\u201d<\/p>\n\n\n\n

New York Times<\/a>: \u201cSenator JD Vance of Ohio, former President Donald J. Trump\u2019s running mate, denied in an interview with NBC News on Sunday that tariffs had caused higher costs for Americans, as economists have documented.\u201d<\/strong><\/p>\n\n\n\n

Axios<\/a>: \u201cSixteen Nobel prize-winning economists are jumping into the presidential campaign with a stark warning: Former President Trump\u2019s plans would reignite inflation and cause lasting harm to the global economy if he wins in November.\u201d<\/strong><\/p>\n\n\n\n

Wall Street Journal<\/a>: \u201cA drumbeat of reports from Wall Street economists have warned that Trump\u2019s plans could substantially slow economic growth while driving up consumer prices.\u201d<\/strong><\/p>\n\n\n\n

The Atlantic<\/a>: \u201cTrump\u2019s Plan to Supercharge Inflation\u201d<\/p>\n\n\n\n

Washington Post<\/a>: \u201cTrump and his advisers have discussed deeper cuts to both individual and corporate tax rates that would build on his controversial 2017 tax law \u2026 Further cutting corporate taxes \u2026 would primarily benefit large firms.\u201d<\/strong><\/p>\n\n\n\n

Project 2025<\/a>: \u201cThe corporate income tax rate should be reduced to 18 percent.\u201d<\/p>\n\n\n\n

Vance<\/a>: \u201cI\u2019ve reviewed a lot of [Project 2025]. There are some good ideas in there.\u201d<\/strong><\/p>\n\n\n\n

Washington Post<\/a>: \u201cInside the powerful Peter Thiel network that anointed JD Vance\u201d<\/p>\n\n\n\n

\u201cIn the weeks before former president Donald Trump announced his vice-presidential pick, some of tech\u2019s biggest names launched a quiet campaign to push for one of their own: Ohio Sen. JD Vance.\u201d<\/strong><\/p>\n\n\n\n

CNN<\/a>: \u201cA day before Donald Trump\u2019s deadline to pick a running mate, after months of private conversations with every corner of his orbit, the former president took a call from a new voice.<\/strong><\/p>\n\n\n\n

\u201cThat person, Tesla billionaire Elon Musk, was one of several people urging Trump in the final moments to select Ohio Sen. JD Vance.\u201d<\/strong><\/p>\n\n\n\n

Vance has praised Trump\u2019s failed tax scam even though it gave massive handouts to billionaires at the expense of working families, caused the deficit to skyrocket, and created new incentives for companies to ship jobs overseas.<\/strong><\/p>\n\n\n\n

Vance<\/a>: \u201cThe left attacked Donald Trump for those tax cuts said they would make the deficit worse<\/strong> 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 \u2026 I think we have a pretty common sense regulatory and tax agenda.\u201d<\/strong><\/p>\n\n\n\n

New York Times<\/a>: \u201cThe 2017 corporate tax cuts signed into law by Mr. Trump have not increased government revenue \u2026 In fact, they have had the opposite effect.\u201d<\/strong><\/p>\n\n\n\n

Washington Post<\/a>: \u201cFor the first time in history, U.S. billionaires paid a lower tax rate than the working class last year\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>: \u201cDonald 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

Washington Post Analysis<\/a>: \u201cOne of President Donald Trump\u2019s lesser-known but profoundly damaging legacies will be the explosive rise in the national debt that occurred on his watch.<\/strong> The financial burden that he\u2019s 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\u2019s time in office.<\/p>\n\n\n\n

\u201cThe 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, according to a calculation by Eugene Steuerle, co-founder of the Urban-Brookings Tax Policy Center.\u201d<\/p>\n\n\n\n

Washington Post<\/a>: \u201cTrump promised \u2018America First\u2019 would keep jobs here. But the tax plan might push them overseas.\u201d<\/strong><\/p>\n\n\n\n

Vance opposes legislation that protects unions, standing firmly against working people.<\/strong><\/p>\n\n\n\n

Politico<\/a>: \u201cVance has consistently opposed the PRO Act, the \u2018holy grail of pro-union labor reform\u2019 that organized labor and its allies on the Hill have been fighting for over two years to get passed. \u2026 Vance\u2019s skepticism of the PRO Act is part of a more fundamental skepticism that he harbors toward organized labor.\u201d<\/strong><\/p>\n\n\n\n

Fast Company<\/a>: \u201cVance also voted in favor of a resolution to strike down the NLRB\u2019s updated joint-employer rule, which would have given workers more leverage when organizing at companies<\/strong>\u2014like Amazon\u2014that rely heavily on third-party contractors, by forcing both employers to participate in labor negotiations.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"

As JD Vance fundraises in Kentucky today, DNC Rapid Response Director Alex Floyd released the following statement:  \u201cAfter spending yesterday defending Donald Trump\u2019s middle class tax hikes, today JD Vance is fundraising with more billionaire megadonors in the latest display that the Trump-Vance ticket will put the ultra-wealthy over working families at every turn. Vance […]<\/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-1046798","post","type-post","status-publish","format-standard","hentry","category-press-release"],"acf":[],"yoast_head":"\nJD Vance Fundraises With Ultra-Wealthy Megadonors After Pushing Project 2025 Agenda to Leave Hardworking Americans Behind - 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\/jd-vance-fundraises-with-ultra-wealthy-megadonors-after-pushing-project-2025-agenda-to-leave-hardworking-americans-behind\/\" \/>\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=\"2024-08-26T20:01:55+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-08-26T20:01:56+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/democrats.org\/wp-content\/uploads\/2024\/08\/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\/jd-vance-fundraises-with-ultra-wealthy-megadonors-after-pushing-project-2025-agenda-to-leave-hardworking-americans-behind\/\",\"url\":\"https:\/\/democrats.org\/news\/jd-vance-fundraises-with-ultra-wealthy-megadonors-after-pushing-project-2025-agenda-to-leave-hardworking-americans-behind\/\",\"name\":\"JD Vance Fundraises With Ultra-Wealthy Megadonors After Pushing Project 2025 Agenda to Leave Hardworking Americans Behind - 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