Former Trump economic adviser Stephen Moore says President Donald Trump should slam Joe Biden on his $700 billion economic revival plan that would raise taxes on corporations and the wealthiest Americans.
“How dramatically far off the deep end the Democratic party has gone over the last 30 or so years that they now celebrate raising taxes,” Moore said Wednesday during an appearance on Newsmax TV’s “Greg Kelly Reports.”
Biden’s “Buy American” economic agenda is designed to counter Trump’s “America First” platform. Under the plan, Biden calls for a $400 billion, four-year increase in government purchasing of U.S.-based goods and services plus $300 billion in new research and development in U.S. technology concerns. His plan would also reverse Trump’s tax cuts for high earners.
“They pretend that somehow raising taxes is going to help the economy,” said Moore.
“I can’t, for the life of me, understand how raising taxes on small businesses, raising taxes on American companies, raising taxes on shareholders … there’s a 40 percent additional death tax in the Joe Biden plan – so you pay all these taxes, then you die, and you pay another 40 percent.
“This is anti-growth and I think Trump has to pound him on that, saying, ‘look, there’s two candidates in this race. One wants to keep continuing to lower them to make America more competitive and the other wants to raise them through the roof.’”
Solange Reyner is a writer and editor for Newsmax. She has more than 15 years in the journalism industry reporting and covering news, sports and politics.
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