Tags: 2020 Elections | Donald Trump | Financial Markets | Joe Biden | Money | Trump Administration | taxes

Trump on Biden: 'He'll Raise Taxes, Crash the Market'

President Donald Trump (Patrick Semansky/AP)

By    |   Wednesday, 01 July 2020 04:25 PM

President Donald Trump sounded the alarm on voting for presumptive Democratic presidential nominee Joe Biden, saying he is going to raise taxes on everybody and crash the economy.

"The Democrats want to raise taxes. and it's going to ultimately be everybody's taxes," Trump told Fox Business' Blake Berman in an exclusive interview Wednesday.

"That will kill the market, it will kill everything that we are doing, it will kill jobs, and it will be very bad."

Trump, referring to the House Democrats' Green New Deal-influenced infrastructure plan, said Democrats pulling the strings on Biden want money to pay for their "nonsense."

"He just wants to raise everyone's taxes because they want to spend it on nonsense," Trump said. "They want to spend it on things that don't work. They want to give the money away,  and I don't think people are going to stand for it."

Electing Biden is a sure-fire way to bring down the stock market and Americans' 401k accounts and return to an Obama era of business-killing regulations, he added.

"If he got elected, that's an overhang over the market because the market would crash, would absolutely crash – the market would go down by a tremendous amount," Trump said. "He would raise taxes, he'd raise regulations. Look, one of the biggest things I've done is I've cut regulations more than any president in history. We still have regulations but they're much less."

Trump added that Biden is beholden to radical left influences and does not take an active role in policy.

"If Biden got in, first of all, it wouldn't be him because he's not into regulation," Trump said. "He doesn't know where he is frankly. I watched his press conference Tuesday. He's answering, I mean, he's answering questions like this from a teleprompter. I said what's that all about. But his people, the people around him are radical left. They're going to raise taxes, they're going to raise regulations, and they are going to put everyone out of business. It would be a disaster."

Trump did promise a potential landmark statement on minimum wage "over the next two weeks," suggesting he might break with the Republican Party and raise the national minimum wage.

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President Donald Trump sounded the alarm on voting for presumptive Democratic presidential nominee Joe Biden, saying he is going to raise taxes on everybody and crash the economy.
taxes, democrat, radical, left, spending, economy, stock market, regulations
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2020-25-01
Wednesday, 01 July 2020 04:25 PM
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