Trump Vows To Reverse Biden’s Economic Disaster
Former President Donald Trump has not been able to campaign the way he wants to because of his court case in Manhattan, where District Attorney Alvin Bragg is prosecuting him for marking alleged hush money payments to adult movie star Stormy Daniels as “legal expenses,” but when he does campaign, he makes an impression.
On Wednesday, the former president was in Waukesha, Wisconsin, where he highlighted President Joe Biden’s administration’s economic failures and vowed to fix them if he becomes President again.
“When I’m in the White House, the Biden economic bust will quickly be replaced by the Trump economic boom,” the former president said to the audience at the Waukesha County Expo Center. “When I left office, we handed Crooked Joe the fastest economic recovery ever recorded.
“The stock market was at a record high. The price of gasoline was $2 and even less than that a gallon. Think of that. We had periods of time where it was $1.57, $1.87; how does that sound to you? The 30-year mortgage rate was at a record low, the lowest ever recorded. Think of this, 2.65%, that’s what your mortgage rates were. Now you can’t get a mortgage. If you want to pay 8 or 9%, you still can’t get ‘em. And we had no inflation,” he said.
He shredded the president’s budget proposal that has a $5 trillion tax increase Forbes reported, and an increase to the capital gains tax to 44.5%, the highest in the history of the United States.
“Biden has just declared if he gets four more years he will drench the middle class in the largest tax increases in the history of our country,” he said. “Vowing repeatedly that he will ensure that the Trump tax cuts, the biggest tax cuts in history — you know he says, oh, it’s for the rich. No, it’s for the companies that employ people, it’s for the middle class, and the people that benefited the most are lower-income people. And he wants them to expire. He never will replace them. I don’t think we’re going to let it happen.”
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