Bipartisan Cost Coalition Reacts to Moody’s Downgrade of the U.S. Economy

Cost Coalition Advisers Terry Holt and Andrew Bates released the following statement after Moody’s downgraded the U.S. economy:

“It would be egregious mismanagement to follow a credit downgrade with tax giveaways to the rich that heap $3 trillion onto our national debt. After getting the keys to the best-performing economy in the world, the Trump Administration and their allies have rapidly spiked the costs they promised to lower, slapped new import taxes on the middle class, weakened the economy, and granted China unprecedented financial advantages. Whether they are Republicans, Democrats, or anything else, the American people are being double-crossed by Washington, and they are in no mood for tax welfare for unpopular MAGA billionaires that come at the expense of everyone else.”

The Cost Coalition, a bipartisan group launched earlier this month, is dedicated to restoring the promise of the American Dream and fighting for the economic interests of middle class families.