After his Foxconn failure that wasted millions in taxpayer dollars, Trump returns to Wisconsin with an agenda that will cost Wisconsinites thousands – WisPolitics

As Donald Trump drops into Wisconsin tonight for a town hall, DNC Spokesperson Addy Toevs released the following statement:

“Donald Trump already abandoned Wisconsin working families once before – wasting hundreds of millions of Wisconsinites’ tax dollars with his failed Foxconn scam. Now, he’s back with another scam-filled agenda that would cost Wisconsin families thousands of dollars a year while giving millions in tax breaks to his wealthy friends. Wisconsin voters know all too well that they will be left footing the bill for Trump’s disastrous economic plans. That’s why they’ll show up this November to reject Trump’s Project 2025 agenda and elect Vice President Harris and Governor Walz – the only candidates in this race fighting to lower costs and create real opportunities for Wisconsin’s working families.”

Trump’s Project 2025 agenda would raise taxes by up to $3,900 a year for typical middle-class families.

Center for American Progress: “CAP Action estimates that a 20 percent across-the-board import tax combined with the 60 percent tax on Chinese goods would amount to about a $3,900 tax increase for a middle-income family.* This includes a $200 tax increase on food; a $240 tax increase on oil and petroleum products; and a $210 tax increase on medicine.

“A typical family would, therefore, pay between $2,500 to $3,900 from Trump’s import taxes, depending on the precise tax rate between 10 percent and 20 percent that various countries’ goods could be taxed at.”

Donald Trump promised up to 13,000 new jobs in Wisconsin from the Foxconn deal. With a golden shovel in hand, he called it the “eighth wonder of the world” and lauded it as a “wonderful trade deal.” As Wisconsinites know, the jobs never materialized.

Washington Post: “Trump promised this Wisconsin town a manufacturing boom. It never arrived.”

Bloomberg: “It was going to be one of the biggest deals of Donald Trump’s presidency. But it was a mirage…”

“That heavily subsidized deal with the Taiwanese manufacturing giant that Trump helped broker has turned out to be, at best, a fraction of what was touted: a much smaller factory footprint with just over 1,000 jobs rather than the 13,000 jobs promised. The site is still largely a sprawling field.”

Strong Towns: “Wisconsin Foxconn Deal Cost Taxpayers Millions—And It Will Continue To Cost More Millions”

Trump has vowed to double down on his extreme tax scam, extending and even expanding his disastrous policies, which would give handouts to the wealthiest .01 percent of Americans and big corporations while leaving working Wisconsin families behind.

Americans For Tax Fairness: “Billionaires Are $2.2 Trillion Richer Since 2017 Trump-GOP Tax Law”

CBS News: “Two years after Trump tax cuts, middle-class Americans are falling behind”

Guardian: “They were billed as a ‘middle-class miracle’ but according to a new book Donald Trump’s $1.5tn tax cuts have helped billionaires pay a lower rate than the working class for the first time in history.”

Forbes: “Trump Tax Cuts Helped Billionaires Pay Less Taxes Than The Working Class In 2018”

Bloomberg: “Trump Tells CEOs He Would Cut Corporate Tax Rate to 20%”

Trump to wealthy donors: “You’re rich as hell… we’re gonna give you tax cuts”

Trump: “I gave the biggest tax cut [including to corporations]… we’d like to get it down lower actually.”