![Biden Threatens To Undo Trump Tax Cuts After Claiming They Solely Benefitted The Wealthy... He's Wrong Like Usual [VIDEO] * 100PercentFedUp.com * by Frank Schaefer](https://100percentfedup.com/wp-content/uploads/2022/06/biden-tax-cuts.png)
100PercentFedUp.com By Adam Wilson
As the economy continues to go in to a downward spiral, Biden got in to an argument with his own Treasury Secretary today about if the U.S economy is headed for a recession.
On Sunday, Treasury Secretary Larry Summers said his “best guess” was that we were heading in to a recession. Earlier today, Biden contradicted Summers, saying that there is nothing ‘inevitable’ about a recession after having a conversation with him Monday morning.
Biden offered a number of solutions that he believed could reduce ‘inflationary pressures’ and prevent a recession.
One solution was to increase taxes on the wealthy, a proposal he made after threatening to undo the Trump tax cuts because they solely benefited high-earners.
