“We cannot tax and spend our way to prosperity,” top Republican on the Ways and Means Trade Subcommittee Rep. Adrian Smith (R-NE) writes in an op-ed, emphasizing that while less than 10 percent of Democrats’ recent reckless government spending actually went towards COVID-related measures, American families are paying the price with inflation and shrinking wages.

CLICK HERE to read the full op-ed. 

Key Excerpts:

• “Unfortunately, my Democrat colleagues would still rather raise taxes and continue their reckless spending spree than curb their spending addiction. Raising taxes is not the answer because we do not have a revenue problem in this country – we have a spending problem. In fact, every year since the Tax Cuts and Jobs Act – tax reform President Trump signed into law – was enacted, revenue has increased.”

• “…(O)ut-of-control government spending has already led to an economic crisis across this country. Take for example Democrats’ $1.9 trillion stimulus package. While the Biden Administration would have you believe the American Rescue Plan Act (ARPA) – the largest “stimulus package” in American history – was intended to combat COVID-19, less than 10 percent of the funding went toward COVID-related measures. There was bipartisan opposition to the ARPA, and I voted against it because we cannot tax and spend our way to prosperity.”

• “If we want to grow our economy and leave our country better for future generations then we must rein in out-of-control spending; allow hardworking American families to keep more of what they earn through permanent tax relief; and get the federal government out of the way of American innovation and ingenuity.”

CLICK HERE to read the full op-ed.