President Joe Biden praised former President Donald Trump for signing COVID stimulus checks while warning against a return to “trickle-down economics” in a legacy-focused speech. Biden highlighted the American Rescue Plan as the most significant economic recovery package and emphasized the importance of stimulus checks in aiding the nation’s economic recovery. However, Biden acknowledged that Trump received stronger approval marks on the economy during his presidency.
Biden criticized Trump’s tax and tariff policies, cautioning against tax cuts for the wealthy and across-the-board tariffs that would increase costs for American consumers. Biden expressed concern over Project 2025, a policy blueprint for tax cuts for the wealthy, and warned of its potential economic impact. Biden also highlighted his economic achievements, including job growth, low unemployment rates, increased GDP, and reduced inflation.
Biden urged Republican lawmakers to support his infrastructure, microchip, and climate initiatives, emphasizing the economic benefits these projects would bring to their states or districts. He criticized those opposed to his legislation but later celebrated the economic improvements resulting from it. Ultimately, Biden encouraged lawmakers to prioritize economic growth and development for the benefit of all Americans.
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