Trump-Vance Economic Agenda: Offshored Jobs, Shuttered Plants, and Attacking Manufacturing Arrow

After JD Vance visited Michigan today to double down on Donald Trump's extensive economic failures and attack manufacturing funding, DNC Rapid Response Director Alex Floyd released the following statement:

"Just last week, JD Vance made clear that a second Trump term means a rerun of the same job losses and plant closures that defined his first term. Now, he's making it clear that the Trump-Vance economic agenda would double down on Trump's disastrous MAGAnomics blueprint that incentivized outsourcing and gave tax breaks to the ultra-wealthy at the expense of the middle class. Michigan voters rejected these failures and broken promises four years ago, and they'll do the same thing four weeks from now when they send Vice President Harris and Governor Walz to the White House."

JD Vance visited Michigan after signaling last week that Donald Trump will let their manufacturing plants close (again).

Detroit News: "Vance won't commit to $500M federal grant for building EVs at Michigan auto plant"

"Republican vice presidential hopeful JD Vance would not commit a second Trump administration to honoring the Biden administration's $500 million federal grant to General Motors Co. to convert a Cadillac sedan assembly plant in Michigan into a future electric vehicle plant.

"The Biden administration has said the conversion of GM's Lansing Grand River Plant to assembling EVs would save 650 jobs and create 50 new positions. The Detroit automaker has signaled the assembled battery packs for the Lansing plant would come from the new battery plant it is constructing in nearby Delta Township, west of Lansing. …

"Vance's comments on EVs while in Michigan on Wednesday tracked with Trump's criticism of the Biden administration's incentives for automakers to produce more electric vehicles.

"The Biden administration has not imposed a ban on gas-powered vehicle or required consumers to purchase EVs. But it has put in place numerous incentives and restrictions on future tailpipe emissions that incentivized automakers to build and sell more EVs."

REMINDER: Trump's disastrous record includes offshored jobs, shuttered factories, and manufacturing job losses in Michigan and across the country.

Federal Economic Data: "Michiganders lost 31,000 manufacturing jobs over the course of Trump's presidency."

MLive: "On the 2016 campaign trail in Warren, Trump pledged 'you won't lose one plant' if he were elected. GM announced last year it would end production at five North American plants."

CNN: "Trump told GM workers he could save their plant, but it's gone for good"

"Manufacturing activity in September [of 2019] fell to its lowest point in a decade. The Rust Belt states of Wisconsin, Pennsylvania and Michigan, which Trump flipped, have all lost manufacturing jobs since June. Many of those jobs have moved overseas."

Wall Street Journal: "President Trump's trade war against China didn't achieve the central objective of reversing a U.S. decline in manufacturing, economic data show, despite tariffs on hundreds of billions of dollars of Chinese goods to discourage imports."

Detroit Free Press: "Trump, tweets couldn't save U.S. auto jobs in 2017"

New York Times: "After Years of Growth, Automakers Are Cutting U.S. Jobs"

Bloomberg: "The Offshoring of U.S. Jobs Increased on Trump's Watch"

Washington Post: "Trump promised 'America First' would keep jobs here. But the tax plan might push them overseas."

Bureau of Labor Statistics: "When Trump left office, there were over 170,000 fewer manufacturing jobs than when he started."

Trump's MAGAnomics tax scam rigged the economy for the ultra-wealthy and big corporations while leaving working families behind and skyrocketing the deficit.

The Guardian: "Donald Trump's $1.5tn tax cuts have helped billionaires pay a lower rate than the working class for the first time in history."

CBS News: "Two years after Trump tax cuts, middle-class Americans are falling behind"

Washington Post Analysis: "One of President Donald Trump's lesser-known but profoundly damaging legacies will be the explosive rise in the national debt that occurred on his watch. The financial burden that he's inflicted on our government will wreak havoc for decades, saddling our kids and grandkids with debt. The national debt has risen by almost $7.8 trillion during Trump's time in office.

"The growth in the annual deficit under Trump ranks as the third-biggest increase, relative to the size of the economy, of any U.S. presidential administration, according to a calculation by Eugene Steuerle, co-founder of the Urban-Brookings Tax Policy Center. …

The combination of Trump's 2017 tax cut and the lack of any serious spending restraint helped both the deficit and the debt soar."

Vance: "The left attacked Donald Trump for those tax cuts and said they would make the deficit worse when in reality we took in more revenue because the government got out of the way on the regulatory side and the tax cuts spurred a lot of growth which means more people working, which meant more economic production which meant the entire economy was healthier … I think we have a pretty common sense regulatory and tax agenda."

New York Times: "The 2017 corporate tax cuts signed into law by Mr. Trump have not increased government revenue … In fact, they have had the opposite effect."

The Trump-Vance ticket now wants to enact their extreme, unpopular, and unaffordable Project 2025 agenda that would rig the economy for the ultra-wealthy again and risk supercharging inflation.

Axios: "Trump's inflation bomb: How his second-term plans could make it worse"

The Atlantic: "Trump's Plan to Supercharge Inflation"

Wall Street Journal: "A drumbeat of reports from Wall Street economists have warned that Trump's plans could substantially slow economic growth while driving up consumer prices."

CNBC: "Trump budget would spike deficits by nearly 5 times Harris proposal, says Penn Wharton"

Washington Post: "Trump and his advisers have discussed deeper cuts to both individual and corporate tax rates that would build on his controversial 2017 tax law … Further cutting corporate taxes … would primarily benefit large firms."

Trump: "You're all people that have a lot of money … You're rich as hell. … We're gonna give you tax cuts."

Vanity Fair: "Donald Trump Wants to Give His Favorite Corporations Another Giant Tax Cut in a Second Term: Report"

Vance on Trump's plan that would raise tariffs and raise costs for hardworking Americans: "This is a fascinating proposal and we could talk for a while about it."

Vance: "I've reviewed a lot of [Project 2025]. There's some good ideas in there."

New York Times: "Senator JD Vance of Ohio, former President Donald J. Trump's running mate, denied in an interview with NBC News on Sunday that tariffs had caused higher costs for Americans, as economists have documented."

Trump was one of the most anti-worker and anti-union presidents in American history - and Vance also stands firmly against working people.

Trump: "I know the unions. They're dues-sucking people. They just want their dues and they couldn't care less."

New York Times: "Does [Trump] support unions? He has had 'great success' in New York building with unions and also in Florida without unions. 'If I had my choice,' he said, 'I think I'd take it without.'"

Associated Press: "During Trump's presidency, the National Labor Relations Board reversed several key rulings that made it easier for small unions to organize, strengthened the bargaining rights of franchise workers and provided protection against anti-union measures for employees.

"The Supreme Court's conservative majority - including three justices that Trump nominated - overturned a decades-old pro-union decision in 2018 involving fees paid by government workers. The justices in 2021 rejected a California regulation giving unions access to farm property so they could organize workers."

Politico: "Vance has consistently opposed the PRO Act, the 'holy grail of pro-union labor reform' that organized labor and its allies on the Hill have been fighting for over two years to get passed. … Vance's skepticism of the PRO Act is part of a more fundamental skepticism that he harbors toward organized labor."

Fast Company: "Vance also voted in favor of a resolution to strike down the NLRB's updated joint-employer rule, which would have given workers more leverage when organizing at companies-like Amazon-that rely heavily on third-party contractors, by forcing both employers to participate in labor negotiations."

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