President Obama shares some of the responsibility for the nation’s wealth inequality, New Jersey Gov. Chris Christie alleged Tuesday.
The potential Republican presidential candidate cited the policies of the president’s administration and the Federal Reserve as contributing factors in the income gap, Thomson / Reuters reported.
Obama has made the situation worse by failing to decrease federal spending, and imposing health and safety regulations on industries, according to Christie. He called the administration’s new rules and executive orders “egregious and unlawful.”
The governor charged that “the Fed’s easy money policies and the president’s anti-growth policies have made the rich even richer, and made our middle class work longer and harder for less pay and less promise for the future.”
Christie also announced a five-part economic platform that includes proposals to simplify the tax code, cut corporate taxes, and apply the payroll tax only to people between the ages of 21 and 62.
Thomson / Reuters pointed out that Christie’s chances of capturing the GOP presidential nomination are hampered by the “Bridgegate” scandal and other controversies. Polls of likely Republican primary voters indicate that he trails former Florida Gov. Jeb Bush, Florida Sen. Marco Rubio and several other likely candidates by a wide margin.
