Fmr. Pres. Donald Trump
President Joe Biden has repeatedly said he wants to “Build back better” – but, the place he plans to do so is China, not the U.S., former President Donald Trump says.
Trump issued the warning in a statement Wednesday after Pres. Biden revealed details of his $2.5 trillion “infrastructure” plan. “Biden’s ludicrous multi-trillion dollar tax hike is a strategy for total economic surrender,” which would cost Americans well-paying jobs, Trump says:
“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. The Biden plan will crush American workers and decimate U.S. manufacturing, while giving special tax privileges to outsourcers, foreign and giant multinational corporations.
“Biden promised to ‘build back better’—but the country he is building up, in particular, is China and other large segments of the world. Under the Biden Administration, America is once again losing the economic war with China—and Biden’s ludicrous multi-trillion dollar tax hike is a strategy for total economic surrender. Sacrificing good paying American jobs is the last thing our citizens need as our country recovers from the effects of the Global Pandemic.”
The tax policy would punish job creation in the U.S. and reward outsourcing, “putting America LAST!” Trump says:
“Biden’s policy would break the back of the American Worker with among the highest business tax rates in the developed world. Under Biden’s plan, if you create jobs in America, and hire American workers, you will pay MORE in taxes—but if you close down your factories in Ohio and Michigan, fire U.S. workers, and move all your production to Beijing and Shanghai, you will pay LESS. It is the exact OPPOSITE of putting America First—it is putting America LAST!
“Companies that send American jobs to China should not be rewarded by Joe Biden’s Tax Bill, they should be punished so that they keep those jobs right here in America, where they belong.”
“This legislation would be among the largest self-inflicted economic wounds in history,” Trump says, warning that “If this monstrosity is allowed to pass, the result will be more Americans out of work, more families shattered, more factories abandoned, more industries wrecked, and more Main Streets boarded up and closed down.”
Trump calls Biden’s plan a “classic globalist betrayal by Joe Biden and his friends” and a “cruel and heartless attack on the American Dream” that must never become law.
Trump says that Biden’s tax policy will be just as destructive as his immigration policy:
“Just like our southern border went from best to worst, and is now in shambles, our economy will be destroyed!”