WASHINGTON, D.C. – Top Republican on the House Ways and Means Committee Rep. Kevin Brady (R-TX) today joined Bloomberg Business to warn that while Republicans want an infrastructure bill, they won’t support a $3.5 trillion expansion of the welfare state.
CLICK HERE to watch the full interview.
KEY QUOTE:
Rep. Brady said:
“We’re all hopeful they can find common ground here.
“I’m less optimistic about the votes for it, because clearly Speaker Pelosi and Leader Schumer want this to be the pilot chute that pulls along that three-and-a-half trillion-dollar massive expansion of the welfare state. There won’t be Republican support for that.
“If they were truly separated, there’d be strong support for infrastructure. We ought to get it done.”
KEY TAKEAWAYS:
As President Biden and Democrats try to push through another multi-trillion dollar spending bill, Americans have already received unprecedented government relief from Congress.
- The average family of four with both parents out of work will receive $109,048 or more in government COVID stimulus checks, child tax subsidies, and unemployment checks through September of this year.
- It’s time to end the emergency spending and government checks and get people back to work.
- President Biden’s tax increases are cooling down the jobs recovery and ultimately land on small businesses, families, and local communities in shrinking paychecks and jobs shipped overseas.
READ: At 6 Months, Biden Fails His Economic Report Card
With Bidenflation on the rise, American families are falling behind.
- Inflation surged past the Congressional Budget Office’s (CBO) forecasts, and many economists now expect higher inflation to stick around.
- Steven Rattner, a top Obama-Biden economic recovery czar tweeted: “Recent wage increases will mean nothing for workers if inflation escalates.”
- Higher prices, due to inflation, disproportionately hurt the poor.
READ: Bidenflation Won’t Stop Democrats’ Runaway Spending
Despite all the advantages of trillions of COVID stimulus, reopening communities, and lifesaving vaccines economic, growth is slowing down.
- CBO projections show economic growth is about 30 percent slower after the sugar-high from Biden’s endless government spending.
- President Biden created 1.4 million jobs fewer in the first six months of 2021 than President Trump did in the last six months of 2020.
WATCH: Brady: How Biden Failed His Six-Month Economic Report Card