Trump Says White House Infrastructure Plan Is ‘Largest Tax Hike in American History’
Trump Says White House Infrastructure Plan Is ‘Largest Tax Hike in American History’

By Jack Phillips

Former President Donald Trump, in a statement Wednesday, responded to the White House infrastructure bill—which would introduce new taxes—and said it is “among the largest self-inflicted economic wounds in history.”

“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 4 years ago,” the former president said in a statement, adding that the plan will “implement the largest tax hike in American history.”

Trump, in a statement reminiscent of 2016 campaign speeches, said the measure would only serve “China and other large segments of the world” and said would make America lose “the economic war with China.”

With the infrastructure plan’s tax rates, “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. “It is the exact OPPOSITE of putting America First—it is putting America LAST!”

“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.

Throughout his campaigns and presidency, Trump often job creation measures, low unemployment rates, and increases in the Dow Jones—while saying that high taxes and regulations would further prompt companies to move their operations and factories to China, Mexico, and other countries.

On Wednesday, President Joe Biden started promoting a $2 trillion infrastructure plan, which besides aiming to fix roads and bridges also features an expansive climate change and social welfare agenda, with the White House calling it “the moment to reimagine and rebuild a new economy.”

“Every dollar spent on rebuilding our infrastructure during the Biden administration will be used to prevent, reduce, and withstand the impacts of the climate crisis,” the White House said.

Biden aims to put corporate America on the hook for the tab, which is expected to grow to a combined $4 trillion once he rolls out the second part of his economic plan in April.

Biden has proposed several changes to the tax code, including raising the corporate tax rate to 28 percent from the current 21 percent—the level that the Trump administration brought it down to from 35 percent.

The proposal was also panned by the U.S. Chamber of Commerce, one of the largest lobbying groups in the United States, which said the higher tax proposal is too much.

Tom Ozimek contributed to this report.

Affiliate News Feeds

  • Reuters
  • Washington Examiner
  • The Federalist
  • The Epoch Times
  • The Guardian
  • The Gateway Pundit
  • Judicial Watch

By Naveen Athrappully NASA announced on Tuesday that it intends to cancel the development of its GeoCarb mission, which was proposed to be a low-cost satellite aimed at monitoring greenhouse gas… [...]

By Bryan Jung The rate of job cuts in the United States soared 127 percent in November, amid a wave of layoffs in the tech industry. The American employers announced 76,835 cuts… [...]

By Jennifer Margulis and Joe Wang What medicine should you take? How should you treat any given illness? What preventative measures are most effective for you? Which vaccines do you need? These… [...]

A key Senate vote over whether to provide paid sick leave for rail workers is highlighting a divide within the GOP, a party that has increasingly tried to position itself… [...]

Transmission infrastructure will need to double or triple to accommodate the growth. [...]

Bot countries experienced giant leaps in the advancement of their space exploration goals. [...]

Anyone who actually watched 'Wednesday' can see that the 'racism' accusations are ridiculous and performative. [...]

Chuck DeVore's historical fiction book 'Crisis of the House Never United: A Novel of Early America' demonstrates not only why procedure and patience matter, but also the genius of the… [...]

Under Merrick Garland, the DOJ is little more than a partisan apparatus used to punish the Biden administration's enemies. [...]

New York’s quest to replace the troubled Rikers Island jail complex with smaller facilities across the five boroughs could lead to either hazardous overcrowding or the release of dangerous detainees,… [...]

Sen. Sheldon Whitehouse (D-R.I.) tried to use federal agencies like the Department of Justice and the Internal Revenue Service to act against groups propagating conservative programs, according to documents (pdf)… [...]

President Joe Biden on Dec. 2 signed legislation that forces rail unions to adopt an agreement, averting a strike by rail workers. “I know this was a tough vote for… [...]

Exclusive: Labour says ministers have been told repeatedly that people with prepayment meters are not getting enough supportCase studies: ‘I can’t afford to heat my son’s room’Up to half a… [...]

Health Security Agency issues rare alert over rise in cases, urging people to seek immediate medical help if they see symptomsQ&A: what are the symptoms and how can strep A… [...]

Moscow says west’s refusal to recognise illegally annexed regions is a barrier to peace talksRussia tested a new missile defence system rocket, its defence ministry said today.The missile was launched… [...]

Infowars founder Alex Jones on Friday filed for personal bankruptcy protection in a Texas court after the Sandy Hook verdict. A Connecticut judge last month ordered Alex Jones to pay… [...]

House Minority Leader Kevin McCarthy is warning GOP House members to vote for him for Speaker or else. The GOP barely took over the US House of Representatives after this… [...]

The U.S. Sixth Circuit Court ruled unanimously to uphold a class action injunction protecting Air Force personnel who declined the COVID vaccine from punitive measures. In the ruling, Judge Murphy… [...]

From Fox News: The Secret Service will not say why they changed their position regarding a government watchdog’s records request into Hunter Biden’s gun investigation records. Government watchdog Judicial Watch… [...]

(Washington, DC) – Judicial Watch announced today that the United States Secret Service has repeatedly changed its position about whether it is in possession of records related to the investigation… [...]

The Biden administration is giving a nonprofit partially funded by leftwing billionaire George Soros’s Open Society Foundations (OSF) $12 million to strengthen labor rights and empower workers in three Latin… [...]

USNN2020

USNN World News (USNN) USNN World News Corporation is a media company consisting of a series of sites specializing in the collection, publication and distribution of public opinion information, local,...