{"id":1049777,"date":"2024-11-19T19:52:00","date_gmt":"2024-11-20T00:52:00","guid":{"rendered":"https:\/\/democrats.org\/?p=1049777"},"modified":"2024-11-20T09:53:25","modified_gmt":"2024-11-20T14:53:25","slug":"trump-commerce-pick-howard-lutnick-celebrated-higher-prices-for-consumers-while-pushing-tax-handouts-for-ultra-wealthy","status":"publish","type":"post","link":"https:\/\/democrats.org\/news\/trump-commerce-pick-howard-lutnick-celebrated-higher-prices-for-consumers-while-pushing-tax-handouts-for-ultra-wealthy\/","title":{"rendered":"Trump Commerce Pick Howard Lutnick Celebrated Higher Prices for Consumers while Pushing Tax Handouts for Ultra-Wealthy"},"content":{"rendered":"\n
\"\"<\/figure>\n\n\n\n

In response to Donald Trump <\/em>tapping<\/em><\/a> Howard Lutnick for Commerce Secretary, <\/em>DNC Rapid Response Director Alex Floyd released the following statement: <\/em><\/strong><\/p>\n\n\n\n

\u201cJust like Donald Trump, Howard Lutnick doesn\u2019t care about working families or what\u2019s best for the middle class \u2013 he only cares about his own bottom line and tax handouts for his rich friends. Lutnick praised Trump\u2019s \u2018inflation bomb\u2019<\/a> of an agenda and has promised to follow Trump\u2019s disastrous plans to double down on tax giveaways for the ultra-wealthy and mega corporations. The American people can\u2019t afford Trump and Lutnick\u2019s broken agenda that puts the wealthy and well-connected ahead of the rest of us.\u201d<\/p>\n\n\n\n

Howard Lutnick is a strong advocate of Donald Trump\u2019s disastrous Project 2025 economic agenda, including high tariffs and tax giveaways for the wealthy. He also supports Trump\u2019s corporate tax cuts because it benefited his bottom line. <\/strong><\/p>\n\n\n\n

CNN<\/a>: <\/strong>\u201c\u2018We had so much money that we had the greatest businessmen of America get together to try to figure out how to spend it,\u2019 said Lutnick, 63, who has been advocating for higher tariffs. As a candidate, Trump pledged to impose 60% tariffs on goods from China, as well as 10% tariffs on goods from other countries.\u201d<\/p>\n\n\n\n

Wall Street Journal<\/a>: \u201cLutnick has fiercely defended Trump\u2019s economic proposals in the midst of opposition from some on Wall Street, who worry the president-elect\u2019s pledge to impose sweeping tariffs will trigger trade wars and ultimately lead to higher prices for American consumers.\u201d<\/p>\n\n\n\n

The New Republic<\/a>: \u201cLutnick, the CEO of financial services company Cantor Fitzgerald \u2026 has been the co-chair of Trump\u2019s transition team since August, and has expressed support for Trump\u2019s ill-defined plan to impose broad tariffs on foreign producers, a scheme experts say would shock the U.S. economy and cause increases in consumer prices across the board.<\/p>\n\n\n\n

\u201cIn September, Lutnick told CNBC that \u2018tariffs are an amazing tool for the president to use\u2014we need to protect the American worker.\u2019 Lutnick also gushed about tariffs at Trump\u2019s fascistic rally in Madison Square Garden last month, claiming that America was better off 100 years ago, when it had \u2018no income tax and all we had was tariffs.\u2019 His high praise for tariffs came even as he admitted Americans would face higher prices as a direct result.\u201d<\/p>\n\n\n\n

New York Post<\/a>: \u201c\u2018Heritage, because of Project 2025, is radioactive,\u2019 Cantor Fitzgerald CEO Howard Lutnick told The Post \u2026 one former member of the Trump presidential personnel office (PPO) [claimed] \u2018it would be impossible to do a transition without including Project 2025 people.\u2019<\/p>\n\n\n\n

\u201cLutnick\u2019s team has \u2018already reached out\u2019 to people affiliated with Project 2025, the source went on, arguing there is no possibility of staffing a second Trump administration \u2018unless he\u2019s going outside of the conservative movement.\u2019<\/p>\n\n\n\n

\u201cThe former PPO staffer added that the Project 2025 database includes Republicans from a wide-ranging list of different groups, including Turning Point USA and \u2018state legislative staff.\u2019\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"

In response to Donald Trump tapping Howard Lutnick for Commerce Secretary, DNC Rapid Response Director Alex Floyd released the following statement:  \u201cJust like Donald Trump, Howard Lutnick doesn\u2019t care about working families or what\u2019s best for the middle class \u2013 he only cares about his own bottom line and tax handouts for his rich friends. […]<\/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-1049777","post","type-post","status-publish","format-standard","hentry","category-press-release"],"acf":[],"yoast_head":"\nTrump Commerce Pick Howard Lutnick Celebrated Higher Prices for Consumers while Pushing Tax Handouts for Ultra-Wealthy - 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\/trump-commerce-pick-howard-lutnick-celebrated-higher-prices-for-consumers-while-pushing-tax-handouts-for-ultra-wealthy\/\" \/>\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=\"2024-11-20T00:52:00+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-11-20T14:53:25+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=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/democrats.org\/news\/trump-commerce-pick-howard-lutnick-celebrated-higher-prices-for-consumers-while-pushing-tax-handouts-for-ultra-wealthy\/\",\"url\":\"https:\/\/democrats.org\/news\/trump-commerce-pick-howard-lutnick-celebrated-higher-prices-for-consumers-while-pushing-tax-handouts-for-ultra-wealthy\/\",\"name\":\"Trump Commerce Pick Howard Lutnick Celebrated Higher Prices for Consumers while Pushing Tax Handouts for Ultra-Wealthy - 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