{"id":1048091,"date":"2024-09-13T18:04:00","date_gmt":"2024-09-13T22:04:00","guid":{"rendered":"https:\/\/democrats.org\/?p=1048091"},"modified":"2024-09-13T18:04:01","modified_gmt":"2024-09-13T22:04:01","slug":"reminder-another-trump-term-would-be-economically-disastrous-for-arizonas-latino-families","status":"publish","type":"post","link":"https:\/\/democrats.org\/news\/reminder-another-trump-term-would-be-economically-disastrous-for-arizonas-latino-families\/","title":{"rendered":"REMINDER: Another Trump Term Would Be Economically Disastrous for Arizona\u2019s Latino Families"},"content":{"rendered":"\n
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To ensure Latino families have the facts they need in this critical election after Donald Trump\u2019s rally in Tucson, Arizona yesterday, <\/em>DNC Spokesperson Marco Frieri released the following statement:  <\/em><\/strong><\/p>\n\n\n\n

\u201cTrump consistently attacks Latinos on the campaign trail as his Project 2025 agenda threatens to cost our families thousands of dollars a year if he\u2019s reelected. Project 2025 would rip away affordable health care coverage, raise taxes on the middle-class, and send prices \u2013 from housing to the grocery store \u2013 soaring. When Trump was president, he rigged the economy for the rich and left Latino families behind and another Trump presidency would be an economic disaster for Arizona\u2019s Latino community. In contrast, Vice President Harris has a plan to lower costs, create jobs, support Latino-owned small businesses, and build more housing. Democrats are doing the work on the ground to ensure Latino voters in Arizona and across the country know she has a plan for them. The stakes for Latino families could not be higher this election \u2013 Vice President Harris is the only candidate in this race fighting for us.\u201d  <\/p>\n\n\n\n

Vice President Harris announced a plan to help small businesses start, grow, and create jobs that will directly benefit Latino-owned small businesses.<\/strong><\/p>\n\n\n\n

Politico<\/strong><\/a>: <\/strong>\u201cHarris targets small business tax break in contrast with Trump\u2019s corporate tax cuts\u201d<\/p>\n\n\n\n

\u201cHarris\u2019 proposal, released on Tuesday, calls for significantly expanding the tax deduction for start-up expenses from $5,000 to $50,000, while also setting the goal of 25 million new small-business applications during her first term, according to a Harris campaign official granted anonymity to describe details of the plan. The plan also proposes reducing barriers to getting occupational licenses and developing a standard tax deduction for small businesses.<\/p>\n\n\n\n

\u201cThe proposal\u2019s focus on tax breaks for small businesses attempts to craft a contrast with Trump, who has called for lowering the corporate tax rate, as well as extending and expanding his 2017 tax law.\u201d<\/p>\n\n\n\n

Bloomberg<\/strong><\/a>:<\/strong> \u201cHarris to Expand Small Business Tax Relief to Boost Startups\u201d<\/p>\n\n\n\n

\u201cHarris also plans to initiate a small business expansion fund to enable community banks to cover interest costs when emerging enterprises are trying to expand, particularly in regions that have historically struggled to get investments. If elected, Harris will also pledge to ensure that one-third of federal contract dollars go to small businesses by expanding opportunities in rural areas and underserved communities.\u201d<\/p>\n\n\n\n

Trump\u2019s comments have sparked outrage and fear from the Latino community. <\/strong><\/p>\n\n\n\n

The Hill<\/strong><\/a>: Top Latina advocates decry Trump\u2019s \u2018not people\u2019 comments<\/strong><\/p>\n\n\n\n

Axios<\/a>: \u201cLatino activists and political leaders worry that increasingly harsh<\/strong> and racist rhetoric about immigrants \u2014 particularly by Donald Trump and his MAGA supporters \u2014 is fueling a surge in the already record-breaking number of hate crimes against Latinos<\/strong>.\u201d<\/p>\n\n\n\n

The Guardian<\/strong><\/a>: ‘It’s worse than ever’: how Latinos are changing their lives in Trump’s America<\/strong><\/p>\n\n\n\n

Vice President Harris has proposed a four-year plan to alleviate America\u2019s housing shortage and lower housing costs for working families:<\/strong><\/p>\n\n\n\n

Associated Press<\/strong><\/a>: \u201cHarris campaign releases new ad to highlight plans to build 3 million homes and reduce inflation\u201d<\/strong><\/p>\n\n\n\n

Copper Courier<\/strong><\/a>: \u201cHow Harris\u2019 housing plan lines up with Arizona\u2019s crackdown on corporate landlords\u201d<\/strong><\/p>\n\n\n\n

CNN<\/a>: \u201cHarris to announce 4-year plan to lower housing costs\u201d<\/p>\n\n\n\n

Business Insider<\/strong><\/a>: \u201cKamala Harris is going full YIMBY \u2014 and housing experts are optimistic\u201d<\/strong><\/p>\n\n\n\n

Trump\u2019s economic agenda would raise costs for working families and skyrocket inflation. Experts agree that Trump\u2019s plan would be a disaster:<\/strong><\/p>\n\n\n\n

USA Today<\/a>: \u201cAccording to a Moody\u2019s study, Trump\u2019s plan would trigger a recession by mid-2025 and an economy that grows an average 1.3% annually during his four-year term vs. 2.1% under Biden.\u201d<\/strong><\/p>\n\n\n\n

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

\u201cIn an upcoming analysis shared exclusively with The Atlantic, Mark Zandi, the chief economist for Moody\u2019s Analytics, forecasts that compared with current policies, Trump\u2019s economic plans would increase the inflation rate and force the Federal Reserve Board to raise interest rates higher than they would be otherwise<\/strong>. \u2018If he got what he wanted,\u2019 Zandi told me, \u2018you add it all up and it feels highly inflationary to me.\u2019\u201d<\/p>\n\n\n\n

CNN: \u201cHow Trump\u2019s tariff plans could kill jobs and worsen inflation<\/strong>\u201d<\/p>\n\n\n\n

\u201cSome economists are warning that Trump’s trade agenda and the ensuing retaliation from trading partners would hurt the US economy by worsening inflation, killing jobs, depressing growth and spooking investors.<\/p>\n\n\n\n

\u201cIn a worst-case scenario, economists fear these policies could set the stage for a recession<\/strong>.<\/p>\n\n\n\n

\u201c\u2018The policy is very bad<\/strong>. Tariffs make consumers poorer. They shrink the economy<\/strong>,\u2019 Alex Durante, an economist at the Tax Foundation, a right-leaning think tank, told CNN in a phone interview. \u2018This would probably be the most damaging part of a Trump 2.0 economic agenda.\u2019\u201d<\/p>\n\n\n\n

Center for American Progress<\/a>: \u201cFormer President Trump Proposes an Up to $3,900 Tax Increase for a Typical Family\u201d<\/p>\n\n\n\n

Axios<\/a>: \u201cScoop: 16 Nobel economists see a Trump inflation bomb\u201d<\/p>\n\n\n\n

Trump\u2019s Project 2025 agenda would repeal the Affordable Care Act and the Inflation Reduction Act, kicking millions of Latinos off their health insurance and raising the costs of prescription drugs. <\/strong><\/p>\n\n\n\n

NBC News<\/a>: \u201cAfter years of threats, Trump still doesn’t have a plan to replace Obamacare<\/strong>\u201d <\/p>\n\n\n\n

\u2018We are working on things. We\u2019re going to do it. We\u2019re going to replace it,\u2019 Trump said.\u201d<\/strong><\/p>\n\n\n\n

New York Times<\/a>: \u201cFormer President Donald J. Trump\u2019s suggestion in Tuesday\u2019s debate that he had \u2018concepts of a plan\u2019<\/strong> to replace the Affordable Care Act instantly became one of the night\u2019s most memorable lines, transposed into memes across social media.\u201d<\/p>\n\n\n\n

Axios<\/a>: \u2018Obamacare was lousy health care. Always was,\u2019 Trump said. \u2018It’s not very good today. And what I said, that if we come up with something, we are working on things, we’re going to do it<\/strong> and we’re going to replace it.<\/strong>\u2019<\/p>\n\n\n\n

Daily Beast<\/a>: \u201cTrump Revives Plan to Dismantle Obamacare if Elected in 2024\u201d<\/strong><\/p>\n\n\n\n

Mediaite<\/a>: \u201c\u2018OBAMACARE SUCKS!!!\u2019 Trump Rants About New Plan \u2014 Years After He Promised It Was \u2018Two Weeks\u2019 Away\u201d<\/strong>
<\/strong><\/p>\n\n\n\n

New York Times<\/a>: \u201cTrump Administration Files Formal Request to Strike Down All of Obamacare\u201d <\/p>\n\n\n\n

WBUR<\/a>: \u201cProject 2025 also calls for the repeal of the 2022 Inflation Reduction Act.\u201d<\/p>\n\n\n\n

Project 2025<\/a>: \u201cSupport repeal of massive spending bills like the Infrastructure Investment and Jobs Act (IIJA) and Inflation Reduction Act (IRA).\u201d<\/p>\n\n\n\n

Vance<\/a>: \u201cI think there\u2019s a lot of bad policy in [the IRA]. \u2026 And I\u2019d like to see a lot of<\/p>\n\n\n\n

Center for American Progress<\/a>: \u201cProject 2025 Prescription Drug Plan Would Increase Costs for as Many as 18.5 Million Seniors and Others With Medicare\u201d<\/p>\n\n\n\n

Trump wants to enact his extreme Project 2025 agenda that would rig the economy for the ultra-wealthy (again) while leaving working Latino families behind.<\/strong><\/p>\n\n\n\n

Trump<\/a>: \u201cYou\u2019re all people that have a lot of money\u2026 You\u2019re rich as hell.\u2026 We\u2019re gonna give you tax cuts.\u201d<\/p>\n\n\n\n

Vanity Fair<\/a>: \u201cDonald Trump Wants to Give His Favorite Corporations Another Giant Tax Cut in a Second Term: Report\u201d<\/p>\n\n\n\n

Center for American Progress<\/a>: \u201cProject 2025\u2019s Tax Plan Would Raise Taxes on the Middle Class and Cut Taxes for the Wealthy\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\n\n\n

Vox<\/strong><\/a>: \u201cTrump said this tax break was for small businesses. It\u2019s giving $17 billion to millionaires this year\u201d<\/strong><\/p>\n\n\n\n

New York Times<\/a>: \u201cWhite Americans Gain the Most From Trump\u2019s Tax Cuts, a Report Finds\u201d<\/strong><\/p>\n\n\n\n

As a result, the average tax cut going to a white American household is more than double one going to a black or Latino one.<\/strong>\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"

To ensure Latino families have the facts they need in this critical election after Donald Trump\u2019s rally in Tucson, Arizona yesterday, DNC Spokesperson Marco Frieri released the following statement:   \u201cTrump consistently attacks Latinos on the campaign trail as his Project 2025 agenda threatens to cost our families thousands of dollars a year if he\u2019s reelected. […]<\/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-1048091","post","type-post","status-publish","format-standard","hentry","category-press-release"],"acf":[],"yoast_head":"\nREMINDER: Another Trump Term Would Be Economically Disastrous for Arizona\u2019s Latino Families - 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\/reminder-another-trump-term-would-be-economically-disastrous-for-arizonas-latino-families\/\" \/>\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=\"2024-09-13T22:04:00+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-09-13T22:04:01+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=\"6 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/democrats.org\/news\/reminder-another-trump-term-would-be-economically-disastrous-for-arizonas-latino-families\/\",\"url\":\"https:\/\/democrats.org\/news\/reminder-another-trump-term-would-be-economically-disastrous-for-arizonas-latino-families\/\",\"name\":\"REMINDER: Another Trump Term Would Be Economically Disastrous for Arizona\u2019s Latino Families - 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