Sep 17, 2024, 4:49 PM
Sep 17, 2024, 4:49 PM

Mike Johnson unveils economic plan for Trump’s potential second term

Right-Biased
Highlights
  • Speaker Mike Johnson presented a five-pronged economic plan for a potential Trump administration during a speech at the America First Policy Institute.
  • The plan includes extending tax cuts, enhancing border security through the tax code, and rolling back certain legislative acts.
  • Johnson expressed optimism about Republican prospects in the 2024 elections, emphasizing the need for a change in economic direction.
Story

During a recent speech at the America First Policy Institute, Speaker Mike Johnson outlined a five-pronged economic plan that Republicans aim to implement immediately if Donald Trump is re-elected. Johnson criticized the current Biden-Harris administration, labeling it a 'big government socialist experiment' that has led to economic challenges, including rising inflation and housing costs. He emphasized the need for a shift in policy direction to restore economic stability and growth. The proposed economic agenda includes extending the tax cuts from Trump's 2017 legislation, utilizing the tax code to enhance border security, and rolling back the Green New Deal and the Inflation Reduction Act. Johnson also highlighted the importance of reforming the education system and eliminating unnecessary bureaucratic positions to combat fraud and abuse. Johnson expressed confidence that Republicans could regain control of the House, Senate, and the White House in the upcoming 2024 elections. He argued that the current economic situation is dire and that the country cannot afford to continue on the same path for another four years. He also criticized Vice President Kamala Harris's economic proposals, suggesting they would lead to a more controlled and less free economy. In addition to the economic plan, Johnson and other GOP leaders are working on a six-month continuing resolution and the SAVE Act, which aims to ensure election integrity by banning noncitizens from voting in federal elections. However, there is significant opposition within the Republican conference regarding the funding of the government without the inclusion of the SAVE Act, which may complicate the legislative process.

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