{"id":1560094,"date":"2022-07-18T22:41:29","date_gmt":"2022-07-19T02:41:29","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1560094"},"modified":"2022-07-18T22:41:35","modified_gmt":"2022-07-19T02:41:35","slug":"trump-economic-team-says-inflation-wont-fall-back-to-2-percent-unless-democrat-policies-change","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/trump-economic-team-says-inflation-wont-fall-back-to-2-percent-unless-democrat-policies-change\/","title":{"rendered":"Trump Economic Team Says Inflation Won\u2019t Fall Back to 2 Percent Unless Democrat Policies Change"},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"&quot;\"><div class=\"counts mashsbcount\">30<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Ftrump-economic-team-says-inflation-wont-fall-back-to-2-percent-unless-democrat-policies-change%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1560094&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47--><p>Economists Art Laffer and\u00a0and Kevin Hassett spoke with fellow Trump administration economic team alum Larry Kudlow on\u00a0Kudlow\u2019s\u00a0<a href=\"https:\/\/video.foxbusiness.com\/v\/6309597218112\">Fox Business program on July 15<\/a>, over Sen. Joe Manchin (D-W.Va.) delaying President Joe Biden\u2019s Build Back Better agenda until August.<\/p>\n<p>The three former Trump economic advisors also believe that the United States is already in a recession and that inflation will not fall below 2 percent until Biden is out of office.<\/p>\n<p>Manchin is currently opposing policies put forward by his party\u2019s leadership at a time when fuel prices have\u00a0skyrocketed and\u00a0inflation is at a record-high.<\/p>\n<p>The senator from West Virginia has\u00a0for a month stalled massive tax hikes and \u201cclimate change\u201d subsidies being put forward by the Democrats in Congress, saying he would not support a Senate compromise bill after the package passed in the House, until July\u2019s inflation numbers were released next month on Aug. 10.<\/p>\n<p>\u201cI see the stock market breathing a sigh of relief, over Joe Manchin, that there won\u2019t be any more tax hikes, that whole reconciliation bill is dead in the water,\u201d Kudlow said.<\/p>\n<p>\u201cWe\u2019re not going to get a trillion dollars of spending, a trillion dollars of taxes on successful individuals, small businesses, on large corporations.\u201d<\/p>\n<p>Manchin told Senate Majority Leader Chuck Schumer (D-N.Y.) that he would only back a moderate spending bill that includes provisions on health care and premium drug subsidies, <a href=\"https:\/\/www.wsj.com\/amp\/articles\/joe-manchin-wont-support-bill-that-includes-climate-and-tax-measures-11657848978\">according to the WSJ<\/a>.<\/p>\n<p>The senator said that he would support a package that raises taxes, but wants concessions like a reduction in medication costs, the promotion of domestic energy production, a two-year extension of Obamacare subsidies, and a reduction of the budget deficit to control inflation.<\/p>\n<p>\u201cThe [Federal] Reserve: are they going to raise interest [rates]? How much more, and how much damage is that going to be? And then make a decision [about] what<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Economists Art Laffer and\u00a0and Kevin Hassett spoke with fellow Trump administration economic team alum Larry Kudlow on\u00a0Kudlow\u2019s\u00a0Fox Business program on July 15, over Sen. Joe Manchin (D-W.Va.) delaying President Joe Biden\u2019s Build Back Better agenda until August. The three former Trump economic advisors also believe that the United States is already in a recession and [\u2026]<\/p>\n","protected":false},"author":327,"featured_media":2315279,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"","fifu_image_alt":"","footnotes":""},"categories":[],"tags":[],"class_list":["post-1560094","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry"],"_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1560094","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/327"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=1560094"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1560094\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/2315279"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=1560094"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=1560094"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=1560094"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}