President Biden on Tuesday stated he’s tired of trickle-down economics in a gathering with Democratic congressional leaders.
“I need the rich to proceed to have the ability to do effectively. But, look, I’m tired of this trickle-down economics,” he stated. “I need to construct this economic system from the underside up, the center out, and when that occurs poor of us have a shot, the center class does effectively and the rich by no means get damage.”
Biden has criticized Republican financial insurance policies up to now. In October 2022, he blasted what he termed as “mega MAGA trickle down.”
“If Republicans get their way, the deficit goes to soar. The tax burden goes to fall on the center class,” Biden warned Friday. “And Republicans are working actually laborious. And this was form of — I’ve to admit each every now and then they shock me. They have three — not one, not two — three plans to minimize Social Security advantages. Three plans. It’s not going to cease there.”
During Tuesday’s assembly, which included Vice President Kamala Harris and different senior Democratic leaders, he stated Republicans had been severe about reducing Social Security and Medicare.
“I like their 30 p.c gross sales tax,” Biden stated. “We need to speak lots about that however look, I’ve no intention of letting the Republicans wreck our economic system, nor does anyone round this desk for my part.”