Trump Warns U.S. Economy Will Face ‘1929 Depression’ If Kamala Wins

Republican presidential nominee Donald Trump warned on Wednesday that if Vice President Kamala Harris wins the presidential election this fall the U.S. will face the worst economic crisis in nearly a hundred years.

Trump made the remarks during a town hall event with Fox News’ Sean Hannity in Pennsylvania.

“I gave you the biggest tax cuts in the history of our country,” Trump said. “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.”

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Trump highlighted Harris’ plans to implement price control policies to stop inflation, which critics say she helped spark by casting the tie-breaking vote in the U.S. Senate to pass the American Rescue Plan.

“This country will end up in a depression if she becomes president,” he said. “Like 1929, this will be a 1929 depression. She has no idea what the hell she’s doing.”

“Her father’s a Marxist teacher of economics,” Trump added. “Can you believe this? But if that happened, this country and I think forgetting about that … she’s got a lot of things that are just as bad. If she gets in, I think we will have a depression, 1929-style depression. That’s what I think will happen to our country already. They’ve set us on a path.”

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WATCH:

WATCH: Donald Trump warns that Kamala Harris will cause massive economic damage if elected:

“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” pic.twitter.com/FXQIvzXPRv

— Steve Guest (@SteveGuest) September 5, 2024