10/31/2024 | Press release | Distributed by Public on 10/31/2024 14:02
Don't take it from us: experts (and Donald Trump's own surrogates) are sounding the alarm about economic "hardship" from Trump's "inflation bomb" of an agenda that would devastate working families:
Donald Trump's extreme, unpopular, and unaffordable Project 2025 agenda would turbocharge inflation, hike prices, and "dramatically worsen Social Security."
New York Times: "Elon Musk Sees Trump's Economic Plans Causing 'Temporary Hardship'"
Associated Press: "Trump's economic plans would worsen inflation, experts say"
Newsweek: "Nobel Prize Winner Explains How Trump Could Cause 'Economic Chaos'"
Reuters: "Global economy chiefs fret over a Trump return as US election draws closer"
Washington Post: "Companies ready price hikes to offset Trump's global tariff plans"
Philadelphia Inquirer: "Editorial: Donald Trump's economic agenda would turn boom into bust"
U.S. News: "Report: Trump's Economic Proposals Would 'Dramatically Worsen' Social Security"
CBS News: "Trump's plan to deport millions of immigrants would cost hundreds of billions, CBS News analysis shows"
The Guardian: "Trump's mass deportation plan would be 'economic disaster' for US"
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 "inflation bomb."
Wall Street Journal: "Economists Say Inflation, Deficits Will Be Higher Under Trump Than Harris"
Axios: "16 Nobel economists see a Trump inflation bomb"
"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."
Axios: "Trump's inflation bomb: How his second-term plans could make it worse"
The Hill: "Trump win, GOP sweep would fuel inflation: Moody's Analytics"
CNBC: "Trump budget would spike deficits by nearly 5 times Harris proposal, says Penn Wharton"
The Atlantic: "Trump's Plan to Supercharge Inflation"
Wall Street Journal: "A drumbeat of reports from Wall Street economists have warned that Trump's plans could substantially slow economic growth while driving up consumer prices."
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 … Further cutting corporate taxes … would primarily benefit large firms."
Center for American Progress: "Project 2025's Tax Plan Would Raise Taxes on the Middle Class and Cut Taxes for the Wealthy"
CBS News: "Millions of low- and middle-class households would likely face significantly higher taxes under the Project 2025's proposals."
Trump's 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.
Washington Post: "For the first time in history, U.S. billionaires paid a lower tax rate than the working class last year"
Forbes: "Trump Tax Cuts Helped Billionaires Pay Less Taxes Than The Working Class In 2018"
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."
New York Times: "How Big Companies Won New Tax Breaks From the Trump Administration"
Economic Policy Institute: "The TCJA overwhelmingly benefited the rich and corporations while overlooking working families"
Vox: "Trump said this tax break was for small businesses. It's giving $17 billion to millionaires this year"
New York Times: "The 2017 corporate tax cuts signed into law by Mr. Trump have not increased government revenue … In fact, they have had the opposite effect."
CBS News: "Two years after Trump tax cuts, middle-class Americans are falling behind"
Bloomberg: "The Offshoring of U.S. Jobs Increased on Trump's Watch"
Washington Post: "Trump promised 'America First' would keep jobs here. But the tax plan might push them overseas."
The Guardian: "'He pulled the wool over our eyes': workers blame Trump for moving jobs overseas"
"Promises to save US manufacturing and prevent American jobs moving abroad were a key part of Donald Trump's 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."