Connect with us

Hi, what are you looking for?

Balance And Charge – Investing and Stock NewsBalance And Charge – Investing and Stock News

Economy

Biden to Democratic leaders: ‘I’m tired of this trickle-down economics’

President Biden on Tuesday said he is tired of trickle-down economics in a meeting with Democratic congressional leaders.

‘I want the wealthy to continue to be able to do well. But, look, I’m tired of this trickle-down economics,’ he said. ‘I want to build this economy from the bottom up, the middle out, and when that happens poor folks have a shot, the middle class does well and the wealthy never get hurt.’

Biden has criticized Republican economic policies in the past. In October 2022, he blasted what he termed as ‘mega MAGA trickle down.’

‘If Republicans get their way, the deficit is going to soar. The tax burden is going to fall on the middle class,’ Biden warned Friday. ‘And Republicans are working really hard. And this was kind of — I have to admit every once in a while they surprise me. They have three — not one, not two — three plans to cut Social Security benefits. Three plans. It’s not going to stop there.’

Video

During Tuesday’s meeting, which included Vice President Kamala Harris and other senior Democratic leaders, he said Republicans were serious about cutting Social Security and Medicare. 

‘I love their 30 percent sales tax,’ Biden said. ‘We want to talk a lot about that but look, I have no intention of letting the Republicans wreck our economy, nor does anybody around this table in my view.’

This post appeared first on FOX NEWS

You May Also Like

Economy

“The vast majority of commercial and industrial establishments are now working not for the free market but for the government.” V.I. Lenin, State and...

Economy

In this new book, Myth America: Historians Take on the Biggest Legends and Lies About Our Past, co-editors Julian Zelizer and Kevin Kruse have...

Economy

As I write in the introduction to a Southern Economic Journal symposium (commemorating the anniversaries of Ludwig von Mises’s “Economic Calculation in the Socialist...

Editor's Pick

IoT Analytics, a leading global provider of market insights and strategic business intelligence for the Internet of Things (IoT), AI, Cloud, Edge, and Industry...

Disclaimer: Balanceandcharge.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.


Copyright © 2023 Balanceandcharge.com