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Trump’s MAGA Veepstakes: VP Contenders Would Help Trump Rig the Economy for Himself and His Ultra-Wealthy Donors

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From the DNC War Room:

Trump’s MAGA Veepstakes: VP Contenders Would Help Trump Rig the Economy for Himself and His Ultra-Wealthy Donors

As Donald Trump’s VP contenders trip over themselves to prove they will continue to help him push his failed MAGAnomics agenda, DNC Rapid Response Director Alex Floyd released the following statement: 

“Donald Trump’s VP contenders are willing to help him rig the economy for himself and his ultra-rich donors at the expense of hardworking families. But no amount of spin from his desperate MAGA lackeys changes Trump’s failed MAGAnomics record of ballooning the deficit and letting billionaires pay less in taxes than working Americans for the first time in history, and leaving with the worst jobs record since the Great Depression. The American people rejected this extreme and out-of-touch MAGAnomics agenda in 2020, and they’ll reject Trump and whichever MAGA minion ends up as his running mate again in November.”

Donald Trump’s VP contenders support his disastrous MAGAnomics agenda that rigged the economy for the ultra-wealthy and failed hardworking Americans.

Tim Scott: “We make the Tax Cuts and Jobs Act tax cuts permanent.”

Doug Burgum: “I believe in these economic policies, I believe the tax bill is a great thing.”

Marco Rubio: “Overall, the Republican tax-cut bill has been good for Americans. That is why I voted for it.”

Tom Cotton: “Trump’s tax cuts helped deliver the strongest economy in recent history.”

CNBC: “Ben Carson leads prayer for tax cuts at Trump Cabinet meeting”

KOTA: “Republicans are calling President Trump’s tax plan the biggest tax overhaul in history. … Representative Kris[ti] Noem was a big part in pushing this bill.”

Fox Business: “Trump’s tax policies have worked out for all of America: Rep. Byron Donalds

Vivek Ramaswamy on a suggestion to make permanent or expand the Trump tax cuts: “I’d go a little further, Larry, than that, to be honest with you.”

Alabama Political Reporter: “Katie Britt on Monday released a memo with her policy positions … [including] a bill to make permanent the individual tax cuts and extend the expanded standard deduction contained in President Trump’s 2017 Tax Cuts and Jobs Act. … a pro-growth tax reform bill reducing business tax rates, repealing the Death Tax, and making the expensing of capital assets permanent. … a bill to repeal the state and local tax deduction.”

Wesley Hunt: “I supported the 2017 Tax Reform bill.”

Trump’s VP contenders are standing by him as he promises his ultra-wealthy backers political favors while begging for campaign cash…

Washington Post: “Trump makes sweeping promises to donors on audacious fundraising tour”

“As he closed his pitch at the Pierre Hotel, Trump explained to the group why it was in their interest to cut large checks. If he was not put back in office, taxes would go up for them under President Biden, who vows to let Trump-era tax cuts on the wealthy and corporations expire at the end of 2025.

“Seconds after promising the tax cuts, Trump made his pitch explicit. ‘So whatever you guys can do, I appreciate it,’ he said.”

Fox News“VP hopefuls dueling for dollars as they show off their fundraising clout for Trump”

“As they audition for the role of Donald Trump’s running mate, potential vice presidential nominees are showing off their ability to help the former president raise much-needed campaign cash. 

“Closed-door fundraisers with top-dollar Republican donors appear to be the latest screen test venue for those vying to land on the GOP ticket alongside Trump, joining a list that includes teaming up with the former president at his rallies and showing up at his criminal trial in New York City in support of Trump.”

Reuters: “Senator J.D. Vance, a potential running mate for Trump who previously lived in San Francisco and worked in venture capital, will attend the event, according to a source familiar with his plans. Vance helped organize the fundraiser and was a point of contact between [David] Sacks and the Trump campaign.”

Axios“Sen. J.D. Vance (R-Ohio), a top possible VP pick for former President Trump, has spent the past six months lobbying some of the heaviest hitters in Silicon Valley to back Trump.”

Fox News: “Senator’s fundraising skill could be winning ticket for Trump’s veepstakes”

New York Times: “A financial show of force for [Tim] Scott’s group could lift his chances of being selected by Mr. Trump, who has spoken to advisers at Mar-a-Lago about which potential running mates could help the campaign raise money.”

Politico: “Trump’s vice presidential contenders have been taking aggressive steps to distinguish themselves, such as doing interviews with national news outlets, fundraising for the former president and attending his hush money trial in New York.”

…and even asked Big Oil and Gas CEOs to give $1 billion to his campaign and vowed to immediately roll back environmental regulations in exchange.

Washington Post“What Trump promised oil CEOs as he asked them to steer $1 billion to his campaign”

“You all are wealthy enough, [Trump] said, that you should raise $1 billion to return me to the White House. At the dinner, he vowed to immediately reverse dozens of President Biden’s environmental rules and policies and stop new ones from being enacted, according to people with knowledge of the meeting.

“Giving $1 billion would be a ‘deal,’ Trump said, because of the taxation and regulation they would avoid thanks to him, according to the people. … Trump’s remarkably blunt and transactional pitch reveals how the former president is targeting the oil industry to finance his reelection bid.

“The contrast between the two candidates on climate policy could not be more stark. … Trump has called climate change a ‘hoax,’ and his administration weakened or wiped out more than 125 environmental rules and policies over four years.

“Despite Trump’s huge fundraising ask, oil donors and their allies have yet to donate hundreds of millions to his campaign. They have contributed more than $6.4 million to Trump’s joint fundraising committee in the first three months of this year, according to an analysis by the advocacy group Climate Power.”

The Guardian“Trump promised US oil bosses to scrap climate laws for $1bn donation”

REMINDER: Trump’s MAGAnomics agenda left him with the worst jobs record in modern American history, as jobs were offshored and he ballooned the deficit.

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.”

The Guardian“Donald Trump’s $1.5tn tax cuts have helped billionaires pay a lower rate than the working class for the first time in history.”

Bloomberg“The Offshoring of U.S. Jobs Increased on Trump’s Watch”

Washington Post“Trump promised ‘America First’ would keep jobs here. But the tax plan might push them overseas.”

Washington Post Analysis“One of President Donald Trump’s lesser-known but profoundly damaging legacies will be the explosive rise in the national debt that occurred on his watch. The financial burden that he’s inflicted on our government will wreak havoc for decades, saddling our kids and grandkids with debt. The national debt has risen by almost $7.8 trillion during Trump’s time in office… The growth in the annual deficit under Trump ranks as the third-biggest increase, relative to the size of the economy, of any U.S. presidential administration.”

Politico: “The nation’s fiscal outlook looks ever bleaker, thanks in part to deficit spending during President Donald Trump’s first term, Congress’ nonpartisan budget scorekeeper projected Tuesday.”

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