{"id":1049608,"date":"2024-10-31T15:12:10","date_gmt":"2024-10-31T19:12:10","guid":{"rendered":"https:\/\/democrats.org\/?p=1049608"},"modified":"2024-10-31T15:12:11","modified_gmt":"2024-10-31T19:12:11","slug":"experts-and-trumps-own-surrogates-agree-the-trump-vance-project-2025-agenda-would-hike-prices-cause-hardship-and-risk-social-security","status":"publish","type":"post","link":"https:\/\/democrats.org\/news\/experts-and-trumps-own-surrogates-agree-the-trump-vance-project-2025-agenda-would-hike-prices-cause-hardship-and-risk-social-security\/","title":{"rendered":"Experts (And Trump\u2019s Own Surrogates) Agree: The Trump-Vance Project 2025 Agenda Would Hike Prices, Cause \u201cHardship,\u201d and Risk Social Security"},"content":{"rendered":"\n
\"\"<\/figure>\n\n\n\n

Don\u2019t take it from us: experts (and Donald Trump\u2019s <\/em>own surrogates<\/em><\/a>) are sounding the alarm about economic \u201chardship\u201d from Trump\u2019s \u201c<\/em>inflation bomb<\/em><\/a>\u201d of an agenda that would devastate working families:<\/em><\/p>\n\n\n\n

Donald Trump\u2019s extreme, unpopular, and unaffordable Project 2025 agenda would turbocharge inflation, hike prices, and \u201cdramatically worsen Social Security.\u201d<\/strong><\/p>\n\n\n\n

New York Times<\/a>: \u201cElon Musk Sees Trump\u2019s Economic Plans Causing \u2018Temporary Hardship\u2019\u201d<\/strong><\/p>\n\n\n\n

Associated Press<\/a>: \u201cTrump\u2019s economic plans would worsen inflation, experts say\u201d<\/strong><\/p>\n\n\n\n

Newsweek<\/a>: \u201cNobel Prize Winner Explains How Trump Could Cause \u2018Economic Chaos\u2019\u201d<\/strong><\/p>\n\n\n\n

Reuters<\/a>: \u201cGlobal economy chiefs fret over a Trump return as US election draws closer\u201d<\/p>\n\n\n\n

Washington Post<\/a>: \u201cCompanies ready price hikes to offset Trump\u2019s global tariff plans\u201d<\/strong><\/p>\n\n\n\n

Philadelphia Inquirer<\/a>: \u201cEditorial: Donald Trump\u2019s economic agenda would turn boom into bust\u201d<\/p>\n\n\n\n

U.S. News<\/a>: \u201cReport: Trump\u2019s Economic Proposals Would \u2018Dramatically Worsen\u2019 Social Security\u201d<\/strong><\/p>\n\n\n\n

CBS News<\/a>: \u201cTrump\u2019s plan to deport millions of immigrants would cost hundreds of billions, CBS News analysis shows\u201d<\/p>\n\n\n\n

The Guardian<\/a>: \u201cTrump\u2019s mass deportation plan would be \u2018economic disaster\u2019 for US\u201d<\/p>\n\n\n\n

If they have their way, Trump and JD Vance would once again gift tax breaks to the ultra-rich and big corporations while causing an \u201cinflation bomb.\u201d<\/strong><\/p>\n\n\n\n

Wall Street Journal<\/a>: \u201cEconomists Say Inflation, Deficits Will Be Higher Under Trump Than Harris\u201d<\/strong><\/p>\n\n\n\n

Axios<\/a>: \u201c16 Nobel economists see a Trump inflation bomb\u201d<\/strong><\/p>\n\n\n\n

\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

Axios<\/a>: \u201cTrump\u2019s inflation bomb: <\/strong>How his second-term plans could make it worse\u201d<\/p>\n\n\n\n

The Hill<\/a>: \u201cTrump win, GOP sweep would fuel inflation<\/strong>: Moody\u2019s Analytics\u201d<\/p>\n\n\n\n

CNBC<\/a>: \u201cTrump budget would spike deficits<\/strong> by nearly 5 times Harris proposal, says Penn Wharton\u201d<\/p>\n\n\n\n

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

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

Center for American Progress<\/a>: \u201cProject 2025\u2019s Tax Plan Would Raise Taxes on the Middle Class and Cut Taxes for the Wealthy\u201d<\/strong><\/p>\n\n\n\n

CBS News<\/a>: \u201cMillions of low- and middle-class households would likely face significantly higher taxes under the Project 2025\u2019s proposals.\u201d<\/strong><\/p>\n\n\n\n

Trump\u2019s utter failure of an economic record put working people last by rigging the economy for billionaires, skyrocketing the deficit, and creating new incentives for companies to ship jobs overseas.<\/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

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

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

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","protected":false},"excerpt":{"rendered":"

Don\u2019t take it from us: experts (and Donald Trump\u2019s own surrogates) are sounding the alarm about economic \u201chardship\u201d from Trump\u2019s \u201cinflation bomb\u201d of an agenda that would devastate working families: Donald Trump\u2019s extreme, unpopular, and unaffordable Project 2025 agenda would turbocharge inflation, hike prices, and \u201cdramatically worsen Social Security.\u201d New York Times: \u201cElon Musk Sees […]<\/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-1049608","post","type-post","status-publish","format-standard","hentry","category-press-release"],"acf":[],"yoast_head":"\nExperts (And Trump\u2019s Own Surrogates) Agree: The Trump-Vance Project 2025 Agenda Would Hike Prices, Cause \u201cHardship,\u201d and Risk Social Security - 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