Donald Trump blasts: ‘Tax hikes are a globalist betrayal by Joe Biden and his friends,’ Breitbart News reports.
On Wednesday, Trump issued a statement on Biden’s $2.25 trillion infrastructure proposal.
Trump criticized Biden’s “aggressive plan for the largest tax increase in U.S. history as a massive giveaway to China” that “would send thousands of factories, millions of jobs and trillions of dollars to these competing countries.”
Trump said “Biden promised to ‘rebuild better’ – but the country he’s building, specifically, is China.” , and then he added, “The United States is once again losing the economic war with China (Communist) — and Biden’s ridiculous trillion-dollar tax hike plan is a total economic surrender strategy.”
Trump detailed how raising taxes on U.S. businesses would hurt American workers.
Trump explained, “Under Biden’s plan, if you create jobs and hire American workers in the United States, you will pay more in taxes — but if you close factories in Ohio and Michigan, fire American workers, and move all production to Beijing and Shanghai, you will pay less in taxes.” This is the exact opposite of “America First” – it’s putting America last!”
He continued, “Companies that send American jobs to China should not be rewarded by Joe Biden’s tax bill, they should be punished so they can keep those jobs in America, where they belong.”
Trump also said that raising taxes would be “the biggest economic self-inflicted injury in history” and would result in “more Americans out of work, more families broken, more factories abandoned, more industries destroyed, more main streets blocked and closed.”
Trump concluded, “This tax increase is a classic globalist betrayal by Joe Biden and his friends: the lobbyists will win, the special interests will win, the Chinese (Communist) Congress will win, the politicians and government bureaucrats in Washington will win – but hard-working American families will lose.”
Biden will introduce his initiative around 4 p.m. Thursday in Pittsburgh, where he will likely speak of raising the corporate tax rate to a higher level than Communist China, spending $300 billion on housing, $400 billion on care for the elderly and disabled and dispersing “nearly $400 billion in ‘clean energy credits’ to promote green energy sources like wind and solar.”
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