Billionaire Trump hasn’t heard of a ‘corner store’ and laments poorer people ‘don’t think in terms of deductions’ at tax event
During an event aimed at promoting the Republicans’ tax agenda on Thursday, President Donald Trump appeared to go off script, saying he had never heard the term “corner store” before and saying inflation was the result. Iran war “fake.”
“What is a corner store?” the president told the crowd gathered for the roundtable, “I’ve never heard that term. I know what a corner store is, but I’ve never heard it described.” [as] a ‘corner store’. Who wrote this?”
Elsewhere, as he touts new cut package In the GOP-led One Big Beautiful Bill last year, the billionaire president seemed to suggest that middle-class and poor people should not consider tax cuts.
“So rich people always look for deductions when they do something, right? It’s always deductions. They blackouts and everything,” Trump said. “And middle-class and middle-income people, poorer people, they don’t understand that, they don’t think about it in terms of cuts.”
Later at the event, the president appeared to acknowledge how his global agenda, which also included massive tariffs and war on the Middle East’s vital oil strip, was playing out. affected financial marketsEven though he claims the economy has never been better.
President Trump said at a tax event on Thursday that he had never heard of the term “corner store” (Reuters)
The president said the current economy is even better than it was in his first term, “even though we’ve been fooling around a little bit with the lovely country of Iran.”
The war has almost completely halted traffic in the Strait of Hormuz, a major oil shipping route, and the national average gas price in the U.S. has increased by more than a dollar since the start of the war, according to AAA. IMF warns war could continue triggering global recession.
According to AAA, the national average cost of a gallon of gasoline rose to $4.09 from $2.92 before the start of the Iran war. In Nevada, prices are pushing $5 per gallon.
Earlier in the day at the White House, Trump took a similar stance on gas prices, telling reporters, “They’re not too high.” rising stock marketBuoyed by the hope that the war might end soon.
Trump used the incident to claim rising gas prices as a result of the Iran war were ‘fake inflation’ (Getty)
In Vegas, the president continued this line, calling war-related inflation “fake inflation.”
Despite these denials, the president sometimes seemed to acknowledge that he had shaken the market.
“When he talks, the whole market calms down,” Trump said while introducing Treasury Secretary Scott Bessent.
Trump continued: “When I talk, the whole market gets a little nervous. I tell Scott, go out there, clean it up for me.”
At the Vegas roundtable, the president said about half of American taxpayers benefited from the new Trump-era policies, with nearly five million people opening “Trump account” savings pools for their newborn children.
