PolitMaster.com is a comprehensive online platform providing insightful coverage of the political arena: International Relations, Domestic Policies, Economic Developments, Electoral Processes, and Legislative Updates. With expert analysis, live updates, and in-depth features, we bring you closer to the heart of politics. Exclusive interviews, up-to-date photos, and video content, alongside breaking news, keep you informed around the clock. Stay engaged with the world of politics 24/7.

Contacts

  • Owner: SNOWLAND s.r.o.
  • Registration certificate 06691200
  • 16200, Na okraji 381/41, Veleslavín, 162 00 Praha 6
  • Czech Republic

White House says Trump’s tariffs will destroy manufacturing, exacerbate inflation

FIRST ON FOX: The White House is taking aim at congressional Republicans over their support for "MAGAnomics" and former President Donald Trump's "across-the-board tariffs" plan, which it claims would raise prices for families and worsen inflation.

In a Friday memo to "allies and interested parties," White House deputy press secretary Andrew Bates slammed Republicans for "targeting Medicare and Social Security for cuts, pushing tax welfare for the super-rich, and supporting across-the-board tariffs that would raise costs and taxes for hardworking families."

"Yesterday congressional Republicans met to plot a 2025 agenda that involves historic tax increases on the middle class in the form of high tariffs, then gives tax handouts to big corporations that are overcharging Americans despite inflation decreasing," Bates wrote.

Trump met with both Senate and House Republicans on Thursday during his trip to Capitol Hill. Rep. Thomas Massie, R-Ky., said afterward that the former president "briefly floated the concept of eliminating the income tax and replacing it with tariffs."

TRUMP SELLS SENATE REPUBLICANS ON PLAN TO WIN OVER WORKERS IN CLOSED-DOOR MEETING

"What’s more, the lead House Republican for budget issues, Jodey Arrington, recently wrote, ‘Unchecked mandatory spending on programs like Medicare, Medicaid, Social Security and welfare represent a growing threat to our economic security and potentially our way of life,’" Bates said in the memo.

Pointing to other recent reporting, Bates claimed that "in addition to extending the Trump tax giveaway for billionaires and multinational companies, congressional Republicans want even further corporate tax windfalls that will add another $1 trillion to the deficit."

President Biden

Read more on foxnews.com