Trump says Biden tax hike-infrastructure plan is an 'attack on the American dream'

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Former President Donald Trump launched a populist pre-emptive strike on President Joe Biden’s infrastructure plans, condemning them as a “giveaway” to China that would hurt American workers and line the pockets of Washington’s special interests.

Biden is due to unveil the first part of his $2 trillion proposal on Wednesday in Pittsburgh, the blue-collar heart of a battleground state that helped delivered him the White House. Details released by the White House show it will propose billions of dollars for repairing and building roads, bridges, transport systems and schools.

But it will face a battle in Congress where Republicans say corporate tax increases will destroy jobs.

Trump, who promised a $1 trillion infrastructure plan without tax increases during the 2016 campaign, said Biden’s proposals would penalize American companies that created jobs.

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“Joe Biden’s radical plan to implement the largest tax hike in American history is a massive giveaway to China, and many other countries, that will send thousands of factories, millions of jobs, and trillions of dollars to these competitive nations,” he said. “The Biden plan will crush American workers and decimate U.S. manufacturing, while giving special tax privileges to outsourcers, foreign and giant multinational corporations.”

Economists at the Georgetown University’s Center on Education and the Workforce say the Biden plan could create millions of jobs and help rebuild the economy after the pandemic.

The majority of jobs, they forecast based on investing $1.5 trillion, would go to workers with no more than a high school diploma – about 8 million, with another 4.8 million going to workers with more than a high school diploma but less than a bachelor’s degree.

In recent years, voters without a college degree have sided increasingly with Republicans. Some observers believe the infrastructure plan may help Democrats reverse that trend.

However, Trump – whose deregulation and tax cutting programs were credited with helping create about 6.7 million jobs in his first three years before the coronavirus pandemic reversed gains – warned that increasing rates of corporate tax would force American companies and jobs overseas.

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“Joe Biden’s cruel and heartless attack on the American dream must never be allowed to become federal law,” he said. “Just like our southern border went from best to worst, and is now in shambles, our economy will be destroyed.”