'We Call It The Biden Inflation Tax': Trump Hits Biden Over The Economy

7 months ago

At a campaign rally in Freeland, Michigan, on Wednesday, former President Trump slammed President Biden over inflation.

Fuel your success with Forbes. Gain unlimited access to premium journalism, including breaking news, groundbreaking in-depth reported stories, daily digests and more. Plus, members get a front-row seat at members-only events with leading thinkers and doers, access to premium video that can help you get ahead, an ad-light experience, early access to select products including NFT drops and more:

https://account.forbes.com/membership/?utm_source=youtube&utm_medium=display&utm_campaign=growth_non-sub_paid_subscribe_ytdescript

Stay Connected
Forbes on Facebook: http://fb.com/forbes
Forbes Video on Twitter: http://www.twitter.com/forbes
Forbes Video on Instagram: http://instagram.com/forbes
More From Forbes: http://forbes.com

Transcript

00:00 Last week, we saw numbers showing clearly that the economy is crashing with GDP growing

00:08 and plunging and all over the place.

00:11 Nobody knows what's happening, especially Biden.

00:14 But GDP growth was plunging by more than 50 percent in the first quarter this year.

00:21 Nobody's seen anything like that for a long time.

00:24 We now have a thing called stagflation.

00:26 Does anyone know what that means?

00:28 It's not good.

00:29 It's worse than deflation and it's worse than inflation.

00:34 Stagflation is the worst and that's what we're in right now, which spells the death of the

00:38 American dream.

00:39 And that doesn't even include some of the horrible numbers we're seeing flowing in from

00:44 poor and crime-ridden countries right across our southern border.

00:48 They're coming in by the millions.

00:51 That's why this November, the people of Michigan are going to tell crooked Joe Biden, "Biden,

00:57 you're fired.

00:58 Get out of here."

01:03 The worst president in our history.

01:05 There's never been anybody like him.

01:08 In the past three years, the average Michigan family has lost 20 or 30 thousand dollars.

01:14 Think of this, 20 to 30 thousand dollars, thanks to the Biden inflation tax.

01:19 We have a new term.

01:21 It's called a new tax.

01:22 It's called inflation tax.

01:24 We call it the Biden inflation tax.

01:26 That's what's happened.

01:28 Record kinds of inflation.

01:30 And his price hikes are continuing to drain nearly one thousand dollars from the tithe.

01:35 A typical family each month loses one thousand dollars on other different taxes.

01:43 That's what he's done to you.

01:46 And by the way, for the auto workers, we'll talk about it later.

01:49 Your cars are all going to be made in China.

01:51 Congratulations.

01:52 That's the dumbest thing I've ever seen.

01:56 Food is up 24 percent.

01:58 Baby food is up 30 percent.

02:00 Eggs are up 50 percent.

02:01 Gasoline is up 54 percent.

02:04 Airfares are up 33 percent.

02:06 And the 30 year mortgage rate just hit seven point six percent.

02:11 When I left, it was two point six percent.

02:14 We had no inflation.

02:16 Everything was so good.

02:17 Bidenomics is flout out economic warfare and welfare on the American middle class and low

02:25 income people.

02:26 It's a disaster.

02:27 If Joe Biden wins this election, the middle class loses.

02:31 But if Trump wins, the middle class wins.

02:34 People of low income will start their journey toward the American dream.

02:39 Michigan wins and America wins.

02:41 That's what's going to happen.

02:47 That's what's going to happen.

02:50 Just days ago, Crooked Joe vowed to impose the largest tax in the history of America.

02:57 It's going to be the biggest tax hike in the history of America.

03:00 Biden said the Trump tax cuts are, quote, going to expire and I'm not going to renew

03:07 them if I'm reelected.

03:09 He had no idea what the hell he was saying, so it doesn't really matter.

03:12 That means under Biden, a single individual earning seventy five thousand dollars a year

03:18 will see an almost two thousand dollar tax hike and a family of four earning one hundred

03:24 and sixty five thousand dollars.

03:26 Think of this.

03:27 We'll see close to three thousand dollars in tax hikes over and above what you're paying

03:32 right now.

03:33 But instead of a Biden middle class tax increase, I will deliver a Trump middle class tax cut,

03:40 the likes of which you've never seen before.

03:48 And I already gave you the largest tax cut in the history of our country, larger than

03:52 the Reagan tax cuts many years ago.

03:55 You got the largest tax cuts in history.

03:57 On day one, we will throw out Bidenomics and we will reinstate a thing called Maginomics.

'We Call It The Biden Inflation Tax': Trump Hits Biden Over The Economy

Category

Transcript

Recommended