Trump Reveals Exactly How He’ll Fix The Biden-Harris Economic Disaster — You Won’t Believe His Bold Strategy!

(Congressional Agenda) – Former President Donald Trump recently revealed a five-step plan he would enact immediately after taking office in order to “rapidly defeat” the super high level of inflation our country has endured under the Biden-Harris administration. Vice President Kamala Harris, however, is taking a much different approach. Rather than actually try to come up with a plan that will help lead the nation out of its doldrums and bring down inflation, she’s simply going to double-down on policies that are already in place. The very same ones that plunged our economy off a cliff.

“We delivered an economic miracle, which Kamala and Joe turned into an economic disaster, just like they turned the border, and indeed the whole world, into a catastrophic surrender,” the former president declared while addressing the Economic Club of New York.

According to The Western Journal, Trump pointed out during the speech that while he was in office, there was “virtually no inflation.” At the time he left and Joe Biden took over, inflation was sitting at an annual rate of 1.4 percent.

“Prices are up an average of 20 percent since Biden took over and that does not include the increased borrowing costs Americans are experiencing when it comes to their homes, cars and credit card payments,” the article noted. “The Federal Reserve increased interest rates in recent years to combat the inflation brought about by the record federal deficit spending during the current administration.”

“My plan will rapidly defeat inflation, quickly bring down prices and reignite explosive economic growth,” Trump told the audience. He then provided five steps he would take in order to bring the chaos of high inflation to order and stimulate economic growth.

“First, I will end Kamala Harris’s anti-energy crusade and implement a policy of energy abundance, energy independence, and even energy dominance. We have more liquid gold under our feet than any other country, including Russia and Saudi Arabia,” the former president went on to say. “My plan will cut energy prices in half or more than that within 12 months of taking office. It will be an economic revival of our country like no one has ever seen before. Energy was what caused our problem initially [with inflation]. Energy is going to bring us back.”

“The Biden-Harris administration greatly restricted oil exploration and drilling on federal lands and offshore immediately after taking office, which included closing down drilling in the Arctic National Wildlife Refuge in Alaska. It is believed to have one of the largest oil reserves in the world,” the report remarked. “Oil production in the U.S. within the last several months finally reached the same level it was under Trump in 2019, because of these policies, though the need is greater now than in 2019, because the population is millions more.”

Trump then made the case that if Biden had left Trump-era policies as they were, our country would be energy dominant and currently producing four times as much energy as it does right now. The second step in the plan is terminating the initiatives that were enacted as part of the Green New Deal. Biden got these initiatives put in place through the Inflation Reduction Act, which did absolutely nothing whatsoever to do as its name suggests. Data shows these actions are now three times over their initial cost estimates.

The WJ article divulged, “Researchers at the University of Pennsylvania’s Wharton School of Business, working with the investment firm Goldman Sachs, updated their estimated cost of the IRA’s green initiatives from $385 billion over a 10-year period to in excess of $1 trillion in April 2023.”

“Third, I will launch a historic campaign to liberate our economy from crippling regulation,” Trump stated. “My first term, I pledged to cut two old regulations for every one new regulation, and we did much better than that, as I’ve said. Yet over the past four years, Kamala has added $6,300 a year in regulatory costs onto the backs of the typical American family.”

“To stop this onslaught at lower prices, I’m pledging today that in my second term, we will eliminate a minimum of 10 old regulations for every one new regulation. We’ll be able to do that quite easily, actually,” he continued.

The fourth step is to establish a Government Efficiency Commission, which billionaire X owner Elon Musk has already agreed to chair. After what he did with X — formerly Twitter — by slashing waste from the company, I can’t think of a man better suited for the position.

It’s main purpose will be to conduct “a complete financial and performance audit of the entire federal government and making recommendations for drastic reforms. We need to do it. Can’t go on the way we are now.”

Musk took to his social media platform in order to explain the primary cause of inflation as a response to Harris’ plan to put communist price controls in place.

“The rise in prices (inflation) is caused by government overspending, which increases the amount of money faster than the increase in goods & services output,” the post read. “This is further exacerbated by excess regulation, which prevents the market from solving an unmet need (eg housing in high-demand areas).”

“The fifth way Trump would tackle inflation is by making the provisions in the 2017 Tax Cuts and Jobs Act permanent, and adding some new reforms to incentivize the domestic manufacturing of goods. The greater the supply of goods, the lower the cost,” the article read.

“To further support the revival of American manufacturing, my plan calls for expanded R&D tax credits, 100 percent bonus depreciation, expensing for new manufacturing investments, and a reduction in the corporate tax rate from 21 percent to 15 percent, solely for companies that make their product in America,” he explained.

Harris, as per Forbes, is planning to allow certain critical components of the Tax Cuts and Jobs Act to expire and to increase the corporate income tax from 21 to 28 percent. When this is added to the state corporate tax, it would make businesses here in the U.S. among some of the highest taxed in the world. And that would provide company owners with even more incentive to move their businesses to other countries with lower taxation.

Copyright 2024. CongressionalAgenda.com

RELATED ARTICLESMORE FROM AUTHOR

2 COMMENTS

  1. Too bad most voters, especially the Democrats don’t know or care about facts and how the different policies will impact them. They only look for the R or D designation for the Presidential Candidate. When encountering one of those under-informed, have the courage to ask them were they happier in 2019 than they are now? At least get them to think and maybe that little bit of reflection, might change a few of their minds and help save our country from the corrupt Marxist Socialist future of Harris and Walz!

  2. There’s little doubt that another 4 years of the left wing libs being in control and our country will be one more bankrupt third world country.

LEAVE A REPLY

Please enter your comment!
Please enter your name here