Tag: tucker

Trump’s Economic Plan: Higher Taxes, Higher Inflation, and Higher Minimum Wage

It was only days after Donald Trump clinched the Republican nomination that the mask (such as it was) came off. Suddenly he was telling multiple interviewers that he could be talked into raising taxes, boosting the minimum wage, and printing enough money to pay the national debt in cheap dollars.

“On my plan [taxes are] going down. But by the time it’s negotiated, they’ll go up,” Trump said. “In my opinion, the taxes for the rich will go up somewhat.”

As for the minimum wage, he talks like Obama, completely uninterested in market forces, as if what people are paid is purely at the discretion of political managers: “I think people have to get more… I don’t know how you live on $7.25 an hour.”