Democratic Party - Democratic National Committee

08/20/2024 | Press release | Distributed by Public on 08/20/2024 20:18

Trump’s Project 2025 Agenda Would Rig the Economy for Billionaires and Increase Costs for Hardworking Americans Arrow

As speakers at the Democratic National Convention call out Donald Trump for his extreme and out-of-touch Project 2025 agenda that includes rigging the economy for the ultra-wealthy on the backs of hard-working Americans, here are the facts:

Trump's Project 2025 agenda would go even further than his 2017 tax scam that rigged the economy for the ultra-wealthy - his MAGA allies are laying out plans to lower taxes for big corporations and increase costs for hard-working Americans.

CBS News: "Millions of low- and middle-class households would likely face significantly higher taxes under the Project 2025's proposals."

Axios: "Sixteen Nobel prize-winning economists are jumping into the presidential campaign with a stark warning: Former President Trump's plans would reignite inflation and cause lasting harm to the global economy if he wins in November."

BBC: "The economic advisers suggest that a second Trump administration should slash corporate and income taxes, abolish the Federal Reserve and even consider a return to gold-backed currency."

The Hill: "Trump win, GOP sweep would fuel inflation: Moody's Analytics"

The Atlantic: "Trump's Plan to Supercharge Inflation"

Project 2025: "The corporate income tax rate should be reduced to 18 percent. The corporate income tax is the most damaging tax in the U.S. tax system, and its primary economic burden falls on workers because capital is more mobile than labor."

Washington Post: "Trump and his advisers have discussed deeper cuts to both individual and corporate tax rates that would build on his controversial 2017 tax law. … Trump's advisers, though, have discussed proposals to make deeper cuts to the overall corporate tax rate, potentially to as low as 15 percent, or to use the revenue from the proposed tariffs to pay a dividend to U.S. households. Further cutting corporate taxes … would primarily benefit large firms."

Trump can't hide from his disastrous economic record that allowed billionaires to pay less in taxes than the working class for the first time ever and left him with the worst jobs record of any president in modern American history.

Forbes: "Trump Tax Cuts Helped Billionaires Pay Less Taxes Than The Working Class In 2018"

CBS News: "Two years after Trump tax cuts, middle-class Americans are falling behind"

The Guardian: "Donald Trump's $1.5tn tax cuts have helped billionaires pay a lower rate than the working class for the first time in history."

Fortune: "Trump to leave office with the worst jobs record since Herbert Hoover"

Bloomberg: "Trump's Jobs Record Fell Short of Promises Even Before the Virus"

Bloomberg: "The Offshoring of U.S. Jobs Increased on Trump's Watch"

REMINDER: Project 2025 is Trump and Vance's 900+ page anti-freedom agenda crafted by the Heritage Foundation and Trump's far-right extremist allies - it's "undeniably a Trump-driven operation," and Vance has praised it as containing "good ideas."

Axios: "This is undeniably a Trump-driven operation. The biggest tell: Johnny McEntee - one of Trump's closest White House aides, and his most fervent internal loyalty enforcer - is a senior adviser to Project 2025. One of the most powerful architects is Stephen Miller, a top West Wing adviser for the Trump administration."

CNN: "Trump claims not to know who is behind Project 2025. A CNN review found at least 140 people who worked for him are involved"

Politico: "Many of the authors of the blueprint are former Trump officials, and the Heritage Foundation has spent the past year-plus recruiting people to implement the plans within the administration, Scott said."

The Week: "Many of Trump's indicated plans for a second term fall in line with the Project 2025 outline."

New York Times: "[Heritage Foundation president Kevin Roberts] told me that he views Heritage's role today as 'institutionalizing Trumpism.' … The lesson of Trump's first year in office, Roberts told me, is that 'the Trump administration … simply got a slow start. And Heritage and our allies in Project 2025 believe that must never be repeated.'"

Washington Post: "Trump took a private flight with Project 2025 leader in 2022"

"'They're going to lay the groundwork and detail plans for exactly what our movement will do,' Trump said."

Vance: "I've reviewed a lot of [Project 2025]. There are some good ideas in there."

Axios: "J.D. Vance wrote foreword of upcoming book from Project 2025 architect"

The New Republic: "Project 2025 Leader Is Overjoyed by Trump's Vice Presidential Pick"

Nick Corasaniti, New York Times: "[Roberts] reacted to the news [of Vance's VP selection] 'with a broad smile on my face' and said that 'privately, we were really rooting for him.'"

Vox: "Kevin Roberts, the president of the right-wing Heritage Foundation and the driving force behind Project 2025, told Ward that '[Vance] is absolutely going to be one of the leaders - if not the leader - of our movement.'"

Politico: "Vought told POLITICO Magazine that he is in 'regular contact' with Vance's Hill office and that 'we probably have one of the closest relationships with [Vance's] office that we do with any Hill office.'"

Americans are learning more and more about the Trump-Vance ticket's extreme and unpopular Project 2025 agenda - and rejecting this dangerous and out-of-touch MAGA blueprint.

Navigator Research: "Project 2025 Has Become Significantly More Unfavorable Since Trump Attempted to Distance Himself From the Plan"

"Project 2025 has seen a significant increase in both awareness and unfavorability since our last survey in June. 54 percent of Americans report being familiar with Project 2025 … Among those familiar with the Project 2025, just 11 percent view it favorably, while 43 percent view it unfavorably.

"When people are asked what negative news they have heard recently concerning Donald Trump, mentions of Project 2025 have dramatically increased. … A plurality of Americans believe Project 2025 accurately represents what Trump stands for."

Navigator Research: "Americans oppose all the key elements in Project 2025, with the greatest concerns around health care, worker's rights, and dismantling federal programs. Over four in five Americans oppose an array of policies proposed in Project 2025 such as 'allowing employers to stop paying hourly workers overtime' … Additionally, four in five oppose 'allowing the government to monitor people's pregnancies to potentially prosecute them if they miscarry.'

"Americans' overall opposition to Project 2025 increases after reading about its specific policy goals.

"Three in five Americans say Project 2025 would benefit the wealthiest Americans, CEOs, and corporations."

Miami Herald: "As Americans learn more about Project 2025, they become more opposed, poll finds"