Former President Donald Trump declared during his Fox News town hall on Wednesday that the U.S. will fall into an economic depression if Vice President Kamala Harris wins the general election on Nov. 5.
“This country will end up in a depression if she becomes president. Like 1929, this will be a 1929 depression. She has no idea what the hell she’s doing,” Trump said from the New Holland Arena in Harrisburg, Pennsylvania.
“I gave you the biggest tax cuts in the history of our country. If you let them. If you let the Trump tax cuts expire, which she wants to do, she wants to terminate them. If you do that, you will suffer the biggest tax increase in history. There’s never been a tax increase like it, on top of which she wants to add a lot of tax,” Trump argued of Harris’ economic agenda.
Trump joined Fox News’ Sean Hannity for the town hall on Wednesday evening, when he spoke about top voter concerns, including the economy and ongoing inflation woes.
Harris proposed a 28% tax on long-term capital gains on Wednesday for households pulling in an annual income of $1 million per year, which is lower than President Biden’s proposed 39.6% rate in his 2025 fiscal year budget.
HERE’S WHAT KAMALA HARRIS’ TAX ARMAGEDDON WILL COST YOU AND THE US ECONOMY
Former President Donald Trump speaks from Harrisburg, Pennsylvania, during a Fox News town hall. (Fox News )
“What if unrealized capital gains taxes were implemented, what would that do?” Hannity asked Trump following the Harris campaign’s announcement.
“She wants to do that. This is where you have something, you don’t even know what the value is. I tell you what, if that’s going to happen, go out and open an appraisal company because you’re going to make a fortune. That’s about the only group that’s going to make it. And accountants, it is the craziest idea,” Trump responded.
Democratic presidential nominee Vice President Kamala Harris speaks at a campaign event at Northwestern High School in Detroit on Monday, Sept. 2,…
