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FIRST ON FOX: The White Home is taking intention at congressional Republicans over their help for “MAGAnomics” and former President Donald Trump’s “across-the-board tariffs” plan, which it claims would increase costs for households and worsen inflation.
In a Friday memo to “allies and events,” White Home deputy press secretary Andrew Bates slammed Republicans for “focusing on Medicare and Social Safety for cuts, pushing tax welfare for the super-rich, and supporting across-the-board tariffs that may increase prices and taxes for hardworking households.”
“Yesterday congressional Republicans met to plot a 2025 agenda that includes historic tax will increase on the center class within the type of excessive tariffs, then offers tax handouts to huge firms which can be overcharging People regardless of inflation lowering,” Bates wrote.
Trump met with each Senate and Home Republicans on Thursday throughout his journey to Capitol Hill. Rep. Thomas Massie, R-Ky., stated afterward that the previous president “briefly floated the idea of eliminating the earnings tax and changing it with tariffs.”
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President Biden, left, and former President Donald Trump, proper. (Getty Photographs)
“What’s extra, the lead Home Republican for price range points, Jodey Arrington, lately wrote, ‘Unchecked obligatory spending on applications like Medicare, Medicaid, Social Safety and welfare characterize a rising risk to our financial safety and doubtlessly our lifestyle,’” Bates stated within the memo.
Pointing to different latest reporting, Bates claimed that “along with extending the Trump tax giveaway for billionaires and multinational corporations, congressional Republicans need even additional company tax windfalls that may add one other $1 trillion to the deficit.”
President Biden “rejects this harmful MAGAnomics agenda,” Bates famous.
“His plan would shield and strengthen Medicare and Social Safety, additional reduce the deficit by making wealthy particular pursuits pay their justifiable share, and to crack down on the company greed that’s ripping off American households as inflation falls,” he wrote within the memo. “Republican officers have stood in opposition to each facet of that plan, even defending junk charges and worth gouging.”
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President Joe Biden speaks on the Nationwide Museum of African American Historical past and Tradition in Washington, D.C, on Could 17, 2024. (Al Drago/Bloomberg by way of Getty Photographs)
Bates insisted the “MAGAnomics summit places into aid the stark selection between President Biden’s plan for an financial system wherein financial development flows to the center class, and an financial system wherein hardworking households are offered out to billionaires and the largest firms, pressured to pay no matter huge firms need to cost whereas stripped of the Medicare and Social Safety advantages they pay to earn.”
The Trump marketing campaign didn’t instantly reply to Fox Information Digital’s request for remark.
Former President Donald Trump, the presumptive GOP nominee, speaks with reporters on the NRSC on June 13, 2024, in Washington, D.C. (AP Picture/Evan Vucci)
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Trump’s journey to the nation’s capital this week made quite a few headlines, as he met for the primary time in a number of years with Senate Minority Chief Mitch McConnell.
Trump informed Republican senators that there was super unity within the get together, and promised to “convey again widespread sense to the federal government” if he is elected in November.
Kyle Morris covers politics for Fox Information. Story ideas could be despatched by way of electronic mail and on X: @RealKyleMorris.
White Home says Trump’s tariffs will destroy manufacturing, exacerbate inflation
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