{"id":1048496,"date":"2024-10-01T23:00:13","date_gmt":"2024-10-02T03:00:13","guid":{"rendered":"https:\/\/democrats.org\/?p=1048496"},"modified":"2024-10-01T23:00:15","modified_gmt":"2024-10-02T03:00:15","slug":"jd-vance-backs-trumps-project-2025-tax-scam-to-rig-the-economy-for-the-ultra-wealthy-on-the-backs-of-working-families-again","status":"publish","type":"post","link":"https:\/\/democrats.org\/news\/jd-vance-backs-trumps-project-2025-tax-scam-to-rig-the-economy-for-the-ultra-wealthy-on-the-backs-of-working-families-again\/","title":{"rendered":"JD Vance Backs Trump\u2019s Project 2025 Tax Scam to Rig the Economy for the Ultra-Wealthy on the Backs of Working Families (Again)"},"content":{"rendered":"\n
\"\"<\/figure>\n\n\n\n

Reminder<\/em><\/a>: No matter what Vance says, Project 2025 is an \u201cundeniably Trump-driven operation\u201d with deep ties to the Trump-Vance ticket.<\/em><\/p>\n\n\n\n

JD Vance backed Donald Trump\u2019s MAGAnomics tax scam that gave handouts to the ultra-wealthy at the expense of the middle class \u2014 and he\u2019s ready to help Trump take it even further with their Project 2025 agenda.<\/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

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

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

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

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

FACT: Trump\u2019s disastrous economic policies allowed billionaires to pay less in taxes than the working class for the first time in American history.<\/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

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

New York Times<\/a>: \u201cHow Big Companies Won New Tax Breaks From the Trump Administration\u201d<\/p>\n\n\n\n

Economic Policy Institute<\/a>: \u201cThe TCJA overwhelmingly benefited the rich and corporations while overlooking working families\u201d<\/strong><\/p>\n\n\n\n

Vox<\/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

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

FACT: Trump\u2019s MAGAnomics tax scam created new incentives for companies to ship jobs overseas and earned him the worst jobs record in modern American history.<\/strong><\/p>\n\n\n\n

Bloomberg<\/a>: \u201cThe Offshoring of U.S. Jobs Increased on Trump\u2019s Watch\u201d<\/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>: \u201cTrump promised \u2018America First\u2019 would keep jobs here. But the tax plan might push them overseas.\u201d<\/strong><\/p>\n\n\n\n

The Guardian<\/a>: \u201c\u2018He pulled the wool over our eyes\u2019: workers blame Trump for moving jobs overseas\u201d<\/strong><\/p>\n\n\n\n

\u201cPromises to save US manufacturing and prevent American jobs moving abroad were a key part of Donald Trump\u2019s 2016 campaign. But since Trump took office in January 2017, nearly 200,000 jobs have been moved overseas, based on Trade Adjustment Assistance certified petitions.\u201d<\/p>\n\n\n\n

Reuters<\/a>: \u201cHow offshoring rolled along under Trump, who vowed to stop it\u201d<\/strong><\/p>\n\n\n\n

\u201cDonald Trump won the U.S. presidency four years ago, in part, by a promise to Midwest factory workers that he would stop companies like Schneider Electric SE from moving jobs out of the country. He didn\u2019t stop them.\u201d<\/p>\n\n\n\n

ITEP<\/a>: \u201cThe Trump-GOP tax law enacted in December 2017 creates clear incentives for American-based corporations to move operations and jobs abroad, including a zero percent tax rate on many profits generated offshore.\u201d<\/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

Bloomberg<\/a>: \u201cTrump\u2019s Jobs Record Fell Short of Promises Even Before the Virus\u201d<\/strong><\/p>\n\n\n\n

USA Today<\/a>: \u201cFact check: Chart of job growth by president shows historic unemployment under Trump\u201d<\/p>\n\n\n\n

Newsweek<\/a>: \u201cTrump Leaving Office With 3M Less Jobs Than When He Entered, Worst Record Since Depression\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"

Reminder: No matter what Vance says, Project 2025 is an \u201cundeniably Trump-driven operation\u201d with deep ties to the Trump-Vance ticket. JD Vance backed Donald Trump\u2019s MAGAnomics tax scam that gave handouts to the ultra-wealthy at the expense of the middle class \u2014 and he\u2019s ready to help Trump take it even further with their Project […]<\/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-1048496","post","type-post","status-publish","format-standard","hentry","category-press-release"],"acf":[],"yoast_head":"\nJD Vance Backs Trump\u2019s Project 2025 Tax Scam to Rig the Economy for the Ultra-Wealthy on the Backs of Working Families (Again) - 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-backs-trumps-project-2025-tax-scam-to-rig-the-economy-for-the-ultra-wealthy-on-the-backs-of-working-families-again\/\" \/>\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=\"2024-10-02T03:00:13+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-10-02T03:00:15+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/democrats.org\/wp-content\/uploads\/2024\/05\/War-Room-Master-Image.png\" \/>\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=\"4 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-backs-trumps-project-2025-tax-scam-to-rig-the-economy-for-the-ultra-wealthy-on-the-backs-of-working-families-again\/\",\"url\":\"https:\/\/democrats.org\/news\/jd-vance-backs-trumps-project-2025-tax-scam-to-rig-the-economy-for-the-ultra-wealthy-on-the-backs-of-working-families-again\/\",\"name\":\"JD Vance Backs Trump\u2019s Project 2025 Tax Scam to Rig the Economy for the Ultra-Wealthy on the Backs of Working Families (Again) - 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