JD Vance’s Debate Prep: Promising Tax Giveaways to the Trump Vance Ticket’s Ultra Wealthy Donors Arrow

In response to JD Vance cozying up to ultra-wealthy Republican donors today in New York City, DNC Rapid Response Director Alex Floyd released the following statement:

"JD Vance is spending the day before the debate with the people he'll always look out for: the Trump-Vance ticket's ultra-wealthy MAGA donors. Donald Trump already gave billionaires and big corporations massive tax handouts at the expense of hardworking, middle-class families the last time he was in office - and if given the chance, Trump and Vance will double down on their MAGAnomics priorities with their Project 2025 agenda to put the ultra-wealthy ahead of the rest of us."

JD Vance is rubbing elbows with ultra-wealthy MAGA donors, as he and Donald Trump promise to give handouts to the ultra-wealthy at the expense of the middle class - just like Trump did during his first term.

New York Times: "JD Vance to Address Major Republican Donors Just Before Debate"

Vance on Trump's plan that would raise tariffs and raise costs for hardworking Americans: "This is a fascinating proposal and we could talk for a while about it."

Vance: "The left attacked Donald Trump for those tax cuts and said they would make the deficit worse … I think we have a pretty common sense regulatory and tax agenda."

Trump: "You're all people that have a lot of money … You're rich as hell. … We're gonna give you tax cuts."

Bloomberg: "[Trump] intends to center his economic plans on extending and deepening the Republican tax cuts from 2017."

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."

Vanity Fair: "DonaldTrumpWants to Give His Favorite Corporations Another Giant Tax Cut in a Second Term: Report"

Project 2025: "The corporate income tax rate should be reduced to 18 percent."

Trump's disastrous economic policies allowed billionaires to pay less in taxes than the working class for the first time in American history.

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"

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

Trump's MAGAnomics tax scam created new incentives for companies to ship jobs overseas and earned him the worst jobs record in modern American history.

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

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

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."

Reuters: "How offshoring rolled along under Trump, who vowed to stop it"

"Donald 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't stop them."

ITEP: "The 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."

Washington Post: "President 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."

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

USA Today: "Fact check: Chart of job growth by president shows historic unemployment under Trump"

Newsweek: "Trump Leaving Office With 3M Less Jobs Than When He Entered, Worst Record Since Depression"

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