President Donald Trump just issued a kill notice and Joe Biden is in complete shock. The Democratic Party’s presumptive nominee can’t believe what Trump announced on national television. This is the end.
Recently, Biden pledged to roll back Trump’s signature 2017 tax cuts, but the president himself has warned against it. Trump noted that “the Down Jones increased 18 percent in the second quarter,” and “the only thing that can kill it is a bad president or a president that wants to raise taxes.”
Trump was obviously responding to Biden’s promise without saying his name in order to avoid campaign politics during an official press conference. However, the point is clear: Reversing his tax cuts would be devastating to an unexpectedly fragile economy (due to the COVID-19 crisis).
“You want to raise taxes?” continued Trump. “Your 401k’s will drop down to nothing and your stock market will drop down to nothing. This is not just luck what’s happening. This is a lot of talent.” He is right, of course. The strong economy we had before COVID-19 and our recovery wasn’t an accident.
Already, job creation is on its way back up. “Our Nation’s economy has broken another record as 4.8 million jobs were added in June, bringing the economic comeback to 7.5 million jobs added over the past two months,” noted a White House press release on July 2.
This is another reason why Biden cannot become president of the United States. He is a career politician without any business sense and the DC swamp would rule again. Trump’s tax cuts helped many businesses survive and grow, and they put more money in the pockets of middle-class Americans.
Read the full story here.