First appeared on FOX: The White House has criticized Republican lawmakers for their support of “MAGAnomics” and former President Donald Trump’s “overall tariff” plans, which the White House argues will raise prices for families and exacerbate inflation.
In a memo to “allies and stakeholders” on Friday, White House deputy press secretary Andrew Bates blasted Republicans for “targeting Medicare and Social Security for cuts, promoting tax breaks for the super-rich, and supporting a across-the-board tariff that would raise costs and taxes for hard-working families.”
“Republican lawmakers met yesterday to craft a 2025 agenda that would impose historic tax increases on the middle class in the form of high tariffs and subsidies for big corporations that continue to overtax Americans even as inflation falls,” Bates wrote.
President Trump met with Republican members of the House and Senate during a visit to the U.S. Capitol on Thursday. Republican Rep. Thomas Massie of Kentucky said: Later he said The former president “briefly proposed the idea of abolishing income taxes and replacing them with tariffs.”
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On the left is President Biden and on the right is former President Donald Trump. (Getty Images)
“Furthermore, House Budget Leader Jody Arrington said: I recently wrote“Unchecked mandatory spending on programs like Medicare, Medicaid, Social Security and Welfare poses growing threats to our economic security and potentially our way of life,” Bates said in the memo.
Bates pointed to other recent reports, claiming that “in addition to extending President Trump’s tax cuts for billionaires and multinational corporations, Republicans in Congress want to further increase corporate taxes, which would add another $1 trillion to the budget deficit.”
Bates noted that President Biden “rejects this dangerous MAGAnomics agenda.”
“His plan would protect and strengthen Medicare and Social Security, further reduce the deficit by making the wealthy pay their fair share, and crack down on corporate greed that is ripping off American families as inflation falls,” he wrote in the memo. “Republican officials oppose every aspect of his plan, including its defense of junk fees and price gouging.”
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President Joe Biden speaks at the National Museum of African American History and Culture on May 17, 2024 in Washington, DC. (Al Drago/Bloomberg via Getty Images)
“The MAGAnomics Summit highlights the stark choice between President Biden’s economic plan in which economic growth flows to the middle class and an economy in which hard-working families are sold off to billionaires and big corporations, forced to pay whatever the big corporations want to charge, and stripped of the Medicare and Social Security benefits they pay to earn,” Bates argued.
The Trump campaign did not immediately respond to Fox News Digital’s request for comment.
“I think the Republican Party is going to have a very difficult time,” former President Donald Trump, who is considered a potential Republican presidential nominee, told reporters at the NRSC in Washington, DC, on June 13, 2024. (AP Photo/Evan Vucci)
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President Trump’s visit to the nation’s capital this week drew plenty of headlines as he met with Senate Minority Leader Mitch McConnell for the first time in years.
Trump told Republican senators there was great unity within the party and promised to “bring common sense back to government” if elected in November.
