President of the United States Joe Biden warned of similar outcomes when he linked Republican plans for taxes and spending if they win control of Congress in November to the economic plan unveiled by Britain’s former prime minister Liz Truss.
“You read about what happened in England recently, and the last Prime Minister, she wanted to cut taxes for the super wealthy,”During a phone call to raise money for Michigan politician Cynthia Axne, Biden remarked.
Republicans serving on the U.S. House Ways and Means Committee, which regulates taxes and tariffs, have promised to make a portion of the tax cuts enacted in 2017 by President Donald Trump permanent.
After 44 days, Truss was forced to quit after introducing a tax cut on Britain’s wealthiest citizens that created unrest in her party and turmoil in the financial markets.
In recent days, as Democratic support has dwindled days before the midterm elections that will determine his presidency’s next two years, Biden has returned to talking about the American economy.
