Sen. Tim Scott, R-S.C., slammed President Biden for being "willing to tank America's economy for no actual purpose" after the president announced his intention to let tax cuts passed under former President Trump expire if Biden is re-elected. "The bottom line is a very simple one," Scott told Fox News Digital in an interview Friday. "You allow for more than $2.
But even these positive signals aren't evidence of Americans doing well under Biden's economy, the South Carolina Republican explained. "When you see the stock market doing well, when you see the unemployment rates relatively low, those are indicators, but they're not strong indicators to the health of the economy," he said. A stronger indicator, according to Scott, is wage increases in relation to inflation.
The senator, who has made economic development and opportunity a key priority during his time in the upper chamber, laughed, saying, "I hope it's an economic apology tour, apologizing for the impact of Bidenomics." He added that Harris should apologize for "the impact of a slow economy," high gas prices and high food costs. "If I were her, I would stay home," Scott said.