{"id":1037268,"date":"2024-07-15T23:16:00","date_gmt":"2024-07-16T03:16:00","guid":{"rendered":"https:\/\/democrats.org\/?p=1037268"},"modified":"2024-07-16T00:17:34","modified_gmt":"2024-07-16T04:17:34","slug":"trumps-rnc-day-1-leave-working-families-behind-again","status":"publish","type":"post","link":"https:\/\/democrats.org\/news\/trumps-rnc-day-1-leave-working-families-behind-again\/","title":{"rendered":"Trump\u2019s RNC Day 1: Leave Working Families Behind Again"},"content":{"rendered":"\n
\"\"<\/figure>\n\n\n\n

In response to Donald Trump\u2019s allies pushing his failed MAGAnomics agenda throughout the first day of the RNC convention, <\/em>DNC Chair Jaime Harrison released the following statement: <\/em><\/strong><\/p>\n\n\n\n

\u201cDonald Trump\u2019s GOP kicked off their convention tonight pledging to bring back his failed MAGAnomics agenda that delivered nothing but empty promises to working Americans after four years of handouts to the ultra-rich on the backs of the middle class. The truth is that Trump, J.D. Vance, and their MAGA allies\u2019 extreme Project 2025 platform would devastate working families with skyrocketing inflation after Trump\u2019s last tax scam incentivized outsourcing and let billionaires pay a lower tax rate than the middle class for the first time ever. This November, voters will reject the Trump-Vance ticket\u2019s extreme and expensive MAGAnomics agenda that puts the ultra-rich ahead of the rest of us \u2014 and reelect President Biden and Vice President Harris, who are building the economy from the bottom up and middle out.\u201d<\/p>\n\n\n\n

Donald Trump\u2019s MAGAnomics tax scam gifted handouts to the ultra-rich and big corporations while leaving working families behind \u2013 and he\u2019s promising to do it all over again.<\/strong><\/p>\n\n\n\n

Forbes<\/a>: \u201cTrump Tax Cuts Helped Billionaires Pay Less Taxes Than The Working Class In 2018\u201d<\/strong><\/p>\n\n\n\n

CBS News<\/a>: \u201cTwo years after Trump tax cuts, middle-class Americans are falling behind\u201d<\/strong><\/p>\n\n\n\n

The Guardian<\/a>: \u201cThey were billed as a \u2018middle-class miracle\u2019 but according to a new book Donald Trump\u2019s $1.5tn tax cuts have helped billionaires pay a lower rate than the working class for the first time in history.\u201d<\/strong><\/p>\n\n\n\n

Washington Post Analysis<\/a>: \u201cThe growth in the annual deficit under Trump ranks as the third-biggest increase, relative to the size of the economy, of any U.S. presidential administration, according to a calculation by Eugene Steuerle, co-founder of the Urban-Brookings Tax Policy Center.\u201d<\/p>\n\n\n\n

Vanity Fair<\/a>: \u201cDonald Trump Wants to Give His Favorite Corporations Another Giant Tax Cut in a Second Term: Report\u201d<\/strong><\/p>\n\n\n\n

Trump is rooting for the U.S. economy to crash for his own political gain, saying he doesn\u2019t \u201cwant to be Herbert Hoover\u2026\u201d<\/strong><\/p>\n\n\n\n

Trump<\/a>: \u201cAnd when there\u2019s a crash \u2014 I hope it\u2019s going to be during this next 12 months because I don\u2019t want to be Herbert Hoover. The one president I just don\u2019t want to be, Herbert Hoover.\u201d<\/p>\n\n\n\n

Daily Beast<\/a>: \u201cDonald Trump admitted Monday that he wants a severe economic downturn to happen during the next year, because it will help his odds of winning the presidential election.\u201d<\/strong><\/p>\n\n\n\n

CNN<\/a>: \u201cTrump says he hopes any economic crash would happen before he could serve a possible second term.\u201d<\/p>\n\n\n\n

The Hill<\/a>: \u201cTrump says he hopes economy crashes in next 12 months: \u2018I don\u2019t want to be Herbert Hoover\u2019\u201d<\/p>\n\n\n\n

USA Today<\/a>: \u201cDonald Trump says he hopes economy tanks this election year \u2018because I don’t want to be Herbert Hoover\u2019\u201d<\/p>\n\n\n\n

\u2026 even though he already is. Trump\u2019s disastrous MAGAnomics agenda left him with the worst jobs record since the Great Depression.<\/strong><\/p>\n\n\n\n

Fortune<\/a>: \u201cTrump to leave office with the worst jobs record since Herbert Hoover\u201d<\/strong><\/p>\n\n\n\n

Washington Post<\/a>: \u201cPresident 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.\u201d<\/strong><\/p>\n\n\n\n

Bloomberg<\/a>: \u201cTrump\u2019s Jobs Record Fell Short of Promises Even Before the Virus\u201d<\/strong><\/p>\n\n\n\n

USA Today<\/a>: \u201cFact check: Chart of job growth by president shows historic unemployment under Trump\u201d<\/p>\n\n\n\n

Newsweek<\/a>: \u201cTrump Leaving Office With 3M Less Jobs Than When He Entered, Worst Record Since Depression\u201d<\/p>\n\n\n\n

And now, Trump\u2019s Project 2025 agenda would double down on his economic failure and continue to help his ultra-rich friends while leaving the middle class behind.<\/strong><\/p>\n\n\n\n

Trump<\/a>: \u201cI will never let the Trump tax cuts \u2026 I will never let them be taken away.\u201d<\/p>\n\n\n\n

Trump<\/a>: \u201cYou\u2019re all people that have a lot of money \u2026 You\u2019re rich as hell \u2026 We\u2019re gonna give you tax cuts.\u201d<\/strong><\/p>\n\n\n\n

Trump<\/a>: \u201cWe will replace Biden\u2019s tax hikes with the beautiful Trump tax cuts. You know, we have to extend the tax cuts.\u201d<\/p>\n\n\n\n

Trump<\/a> on whether his second term tax policies would echo those of his first term: \u201cYes, and I\u2019d do even more taxes.\u201d<\/p>\n\n\n\n

Washington Post<\/a>: \u201cThe former president\u2019s closest economic advisers are plotting an aggressive new set of tax cuts to push on the campaign trail and from the Oval Office if he wins a second term. Trump and his advisers have discussed deeper cuts to both individual and corporate tax rates that would build on his controversial 2017 tax law. <\/strong>\u2026 Trump\u2019s 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 \u2026 would primarily benefit large firms.\u201d<\/strong><\/p>\n\n\n\n

Bloomberg<\/a>: \u201c[Trump] intends to center his economic plans on extending and deepening the Republican tax cuts from 2017.\u201d<\/p>\n\n\n\n

Economic Policy Institute<\/a>: \u201cThe TCJA overwhelmingly benefited the rich and corporations while overlooking working families\u201d<\/strong><\/p>\n\n\n\n

Vox<\/a>: \u201cTrump said this tax break was for small businesses. It\u2019s giving $17 billion to millionaires this year\u201d<\/strong><\/p>\n\n\n\n

\u201cIf many average Americans aren\u2019t noticing or loving the tax cut bill yet, it might be understandable \u2014 it benefits the wealthy by design. And a congressional report released this week shows that one specific new deduction for so-called \u2018pass-through\u2019 companies is heavily benefiting the rich. \u2026 The Republican tax bill cut the corporate tax rate to 21 percent from 35 percent and disproportionately benefits corporations and the wealthy.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"

In response to Donald Trump\u2019s allies pushing his failed MAGAnomics agenda throughout the first day of the RNC convention, DNC Chair Jaime Harrison released the following statement:  \u201cDonald Trump\u2019s GOP kicked off their convention tonight pledging to bring back his failed MAGAnomics agenda that delivered nothing but empty promises to working Americans after four years […]<\/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-1037268","post","type-post","status-publish","format-standard","hentry","category-press-release"],"acf":[],"yoast_head":"\nTrump\u2019s RNC Day 1: Leave Working Families Behind Again - 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\/trumps-rnc-day-1-leave-working-families-behind-again\/\" \/>\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=\"2024-07-16T03:16:00+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-07-16T04:17:34+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=\"5 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/democrats.org\/news\/trumps-rnc-day-1-leave-working-families-behind-again\/\",\"url\":\"https:\/\/democrats.org\/news\/trumps-rnc-day-1-leave-working-families-behind-again\/\",\"name\":\"Trump\u2019s RNC Day 1: Leave Working Families Behind Again - 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