As the elections draw closer and closer, House Speaker Nancy Pelosi repeatedly criticizes former President Donald Trump, warning Americans that his policies could hit their wallets hard. In her recent tweet, Pelosi claimed that if Trump wins again, he plans to “double down” on benefits for his wealthy donors and impose new tariffs that could cost the average family up to $4,000 yearly.
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Pelosi pointed out that Trump has a history of not paying his workers and crossing picket lines, signaling a disregard for the working class. She also criticized his 2017 tax cuts, which favored the top 1%, leaving many regular taxpayers to foot the bill. According to Pelosi, Trump's economic policies are anything but friendly to the everyday American.
Tariffs are one of the main issues Pelosi focused on. Trump has frequently promoted tariffs to bolster American industry, contending that levying taxes on imports would enable American producers to compete worldwide. However, she argued that Trump’s proposed tariffs would effectively tax consumers, leading to higher prices on everyday goods. Her estimate is grim, as according to her and the Harris campaign, these tariffs could add up to $4,000 in extra costs per household each year.
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However, Trump does have his defenders. E.J. Antoni of the conservative Heritage Foundation pointed out that similar policies were enacted during Trump’s first term without causing runaway inflation.
Pelosi’s remarks are part of a larger narrative that Democrats have been building against Trump. They focus on how his economic policies benefit the wealthy at the expense of the average American. She cited his handling of worker pay issues as an excellent illustration, pointing out how “he stiffed his own workers.”
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A 2016 USA TODAY investigation found that Trump has been involved in over 3,500 cases over the past three decades, many of which involve allegations that his companies failed to pay workers, contractors and even his lawyers.
The report focused on the case of Edward Friel Jr., a cabinet builder from Philadelphia whose family business was destroyed when Trump delayed paying the last bill for their work on an Atlantic City casino project called Trump Plaza. Friel’s story is one of many involving small businesses that struggled or went bankrupt after payment disputes with Trump.
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According to the report, since 2005, Trump’s businesses have violated the Fair Labor Standards Act 24 times by neglecting to pay minimum wages or overtime. Three of these infractions were against Trump Mortgage LLC and 21 against the now-closed Trump Plaza in Atlantic City.
Numerous employees at Trump buildings, including dishwashers, painters and even bartenders, have complained about receiving little or no compensation for their jobs. Pelosi said these instances show a worrying pattern of behavior that runs counter to Trump’s claims of being an advocate for American workers.
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