As Vice President Harris kicks off her nationwide Economic Opportunity Tour today after Donald Trump rooted for the economy to crash, DNC Rapid Response Director Alex Floyd released the following statement: 

“While President Biden and Vice President Harris are delivering results and building an economy from the bottom up and middle out, Donald Trump rooted for the market to crash for his own selfish political gain. Under the Biden-Harris administration, the American people are seeing record job numbers, lower prescription drug costs, historic investments in infrastructure, and so much more. Meanwhile, Trump is doubling down on his tax scam that gave massive handouts to the ultra-wealthy and big corporations at the expense of working families, promising he’d do it again in a heartbeat if reelected. Luckily, Trump won’t get the chance, because the American people will choose the Biden-Harris administration’s economic success over Trump’s failed MAGAnomics agenda.”

Vice President Harris is kicking off a nationwide Economic Opportunity Tour in Atlanta today to highlight the Biden-Harris administration’s record investments to build the economy from the bottom up and middle out.

White House Fact Sheet: “Today, Vice President Kamala Harris is kicking off a nationwide Economic Opportunity Tour with a stop in Atlanta, GA. During this multi-state tour, the Vice President will be traveling across the country to highlight how the Biden-Harris Administration has built economic opportunity, supported communities, and delivered for the American people. The tour reflects President Biden and Vice President Harris’ commitment to invest in all of America, create an economy in which every person has the freedom to thrive, and help underserved entrepreneurs access historic investments available locally to launch and scale their businesses, build wealth, and strengthen their communities.”

“The President and Vice President’s strategy for investing in all of America has helped lead to a historically strong and equitable recovery, and a small business boom that is lifting communities across the country. Under the Biden-Harris Administration we’ve seen the three strongest years for new business applications on record. At the same time, Black business ownership has grown at its fastest pace in 30 years and the Latino new entrepreneurship rate reaching an all-time high in 2023.”

Fox 5 Atlanta: “‘President Biden and I are committed to creating an economy in which every person has the freedom to thrive,’ Harris said in a statement. ‘Our economic approach has delivered great progress, and we will continue to invest in you, your family, and your future.’”

Meanwhile, Donald Trump rooted for the U.S. economy to crash for his own political gain, saying he doesn’t “want to be Herbert Hoover…” 

Trump: “And when there’s a crash — I hope it’s going to be during this next 12 months because I don’t want to be Herbert Hoover. The one president I just don’t want to be, Herbert Hoover.”

Daily Beast: “Donald Trump admitted Monday that he wants a severe economic downturn to happen during the next year, because it will help his odds of winning the presidential election.”

… even though he already is. Trump’s disastrous MAGAnomics agenda left him with the worst jobs record since the Great Depression.

Fortune: “Trump to leave office with the worst jobs record since Herbert Hoover”

Washington Post: “President Trump took office at the crest of the longest economic expansion in U.S. history. He leaves presiding over the worst labor market in modern U.S. history, as an already-sputtering economic recovery has turned negative.”

Forbes: “Trump Tax Cuts Helped Billionaires Pay Less Taxes Than The Working Class In 2018”

CBS News: “Two years after Trump tax cuts, middle-class Americans are falling behind”

The Guardian: “They were billed as a ‘middle-class miracle’ but according to a new book Donald Trump’s $1.5tn tax cuts have helped billionaires pay a lower rate than the working class for the first time in history.”

REMINDER: Trump has repeatedly wished for a market crash for his own benefit over the years. 

Trump in 2016: “I think I hear it’s the worst first week ever recorded, so we’ll see what happens. Hopefully, the bubble won’t be there … If the bubble is going to explode, I would rather have it explode before the next president rather than after the next president.”

CNN: “Two years before the housing market collapsed in 2008 and millions of Americans lost their homes, Donald Trump said he was hoping for a crash. ‘I sort of hope that happens because then people like me would go in and buy,’‘If there is a bubble burst, as they call it, you know you can make a lot of money,’ Trump said in the 2006 audio book, ‘How to Build a Fortune.’ ‘If you’re in a good cash position — which I’m in a good cash position today — then people like me would go in and buy like crazy.’”

Trump also gave massive handouts to the ultra-wealthy at the expense of working families. Now, he’s running to make his tax scam permanent.  

Trump: “We will replace Biden’s tax hikes with the beautiful Trump tax cuts. You know, we have to extend the tax cuts.”

Washington Post: “The former president’s closest economic advisers are plotting an aggressive new set of tax cuts to push on the campaign trail and from the Oval Office if he wins a second term. Trump and his advisers have discussed deeper cuts to both individual and corporate tax rates that would build on his controversial 2017 tax law … Trump’s advisers, though, have discussed proposals to make deeper cuts to the overall corporate tax rate, potentially to as low as 15 percent, or to use the revenue from the proposed tariffs to pay a dividend to U.S. households. Further cutting corporate taxes … would primarily benefit large firms.”

Bloomberg: “[Trump] intends to center his economic plans on extending and deepening the Republican tax cuts from 2017.”

CBS News: “Two years after Trump tax cuts, middle-class Americans are falling behind”

The Guardian: “They were billed as a ‘middle-class miracle’ but according to a new book Donald Trump’s $1.5tn tax cuts have helped billionaires pay a lower rate than the working class for the first time in history.”

Forbes: “Trump Tax Cuts Helped Billionaires Pay Less Taxes Than The Working Class In 2018”

Economic Policy Institute: “The TCJA overwhelmingly benefited the rich and corporations while overlooking working families”

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