Former President Donald Trump has criticized President Joe Biden for his massive tax hike plan, calling it a “radical plan” that will “crush American workers and decimate U.S. manufacturing” while benefiting China and many other foreign countries.
“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,” Trump said in a statement issued through the Save America PAC on Wednesday, March 31.
“The Biden plan will crush American workers and decimate U.S. manufacturing while giving special tax privileges to outsourcers, foreign and giant multinational corporations,” he continued.
Trump argued that Biden has promised to “build back better,” but in fact, his successor is building up China and other countries.
“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,” Trump said, adding that sacrificing good American jobs is the last thing the U.S. citizens need.
Trump said that Biden’s policy, with high business tax rates, “would break the back of the American Worker” as businesses will have to pay more taxes if they hire American workers. They will move all production to Beijing and Shanghai. “It is the exact OPPOSITE of putting America First—it is putting America LAST!”
“This legislation would be among the largest self-inflicted economic wounds in history,” Trump said. “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—just like it was before I took over the presidency four years ago.”
The former president said that “the tax hike is a classic globalist betrayal by Joe Biden and his friends: the lobbyists will win, the special interests will win, China will win, the Washington politicians and government bureaucrats will win—but hardworking American families will lose.”
Trump said that “our economy will be destroyed!” like what is happening to the southern border, which the new administration makes “from best to worst.”