Trump Claims Ignorance of 'Corner Store' Term and Dismisses War-Driven Inflation at Tax Event
During a roundtable event in Las Vegas aimed at promoting the Republican tax agenda, President Donald Trump made several controversial remarks regarding economics and his personal background. He claimed unfamiliarity with the term 'corner store,' questioning its usage despite acknowledging knowledge of such establishments. Trump also asserted that middle-class and lower-income individuals do not consider tax deductions, contrasting them with wealthy individuals who actively seek them. Furthermore, he dismissed rising gas prices resulting from the ongoing conflict in Iran as 'fake inflation,' even as national averages surged past $4 per gallon and the IMF warned of potential global recession. The President acknowledged that his statements often cause market volatility, noting that financial markets become 'jittery' when he speaks, requiring intervention from Treasury Secretary Scott Bessent to stabilize them. Despite the economic turbulence linked to the war in the Middle East and disrupted oil shipping lanes, Trump maintained that the economy is performing better than during his first term. The event also highlighted new tax policies, with Trump claiming significant uptake among American tax-filers and the creation of millions of savings accounts for newborns.
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Trump Claims Ignorance of 'Corner Store' Term and Dismisses War-Driven Inflation at Tax Event
During a roundtable event in Las Vegas aimed at promoting the Republican tax agenda, President Donald Trump made several controversial remarks regarding economics and his personal background. He claimed unfamiliarity with the term 'corner store,' questioning its usage despite acknowledging knowledge of such establishments. Trump also asserted that middle-class and lower-income individuals do not consider tax deductions, contrasting them with wealthy individuals who actively seek them. Furthermore, he dismissed rising gas prices resulting from the ongoing conflict in Iran as 'fake inflation,' even as national averages surged past $4 per gallon and the IMF warned of potential global recession. The President acknowledged that his statements often cause market volatility, noting that financial markets become 'jittery' when he speaks, requiring intervention from Treasury Secretary Scott Bessent to stabilize them. Despite the economic turbulence linked to the war in the Middle East and disrupted oil shipping lanes, Trump maintained that the economy is performing better than during his first term. The event also highlighted new tax policies, with Trump claiming significant uptake among American tax-filers and the creation of millions of savings accounts for newborns.
The Independent World