Politics

Trump Reemerges To Say ‘Tax Hike Is Globalist Betrayal By Joe Biden And His Friends’

Former President Donald Trump issued a statement on Wednesday in which he blasted Joe Biden’s $2.25 trillion infrastructure proposal.

Trump ripped into “radical plan to implement the largest tax hike in American history,” calling it a “massive giveaway to China” that will displace thousands of “factories, millions of jobs, and trillions of dollars to these competitive Nations.”

“Biden promised to ‘build back better’—but the country he is building up, in particular, is China,” Trump said.“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.”

Not stopping there, Trump explained exactly

how raising taxes on American businesses would hurt the American worker.

“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,” Trump said, according to The Hill. “It is the exact OPPOSITE of putting America First—it is putting America LAST!”

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“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,” he added.

The former president then stated that the tax hike would be “the largest self-inflicted economic wounds in history,” which will result in “more Americans out of work, more families shattered, more factories abandoned, more industries wrecked, and more Main Streets boarded up and closed down.”

“This 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 concluded.

This comes after the Biden administration laid out its $2 trillion infrastructure and jobs plan to repair roads and bridges, invest in climate-friendly technologies, and expand broadband access, among other provisions. Biden reportedly plans t pay for this  over a 15-year period by hiking the corporate tax rate from 21 percent to 28 percent.

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