Top Republican on the Ways and Means Committee Rep. Kevin Brady (R-TX) today joined CNBC’s Squawk Box to discuss better solutions to paying for infrastructure than Democrats’ crippling tax increases which land on American workers and families.
Rep. Brady said:
“These are crippling proposals. They hit job creators, small businesses, working families, right as we’re trying to find our way out of this pandemic.
“I think more and more moderate Democrats understand if they go home and vote for these massive tax increases, they’re not coming back to Congress next election.”
CLICK HERE to watch the interview.
- Even liberals claim President Biden is violating his pledge by increasing taxes on the middle class, according to an analysis by the Tax Policy Center and Democrats’ own budget, which assumes the expiration of TCJA’s personal income tax cuts, while restoring the SALT carveout for the wealthy.
- Biden’s economic policies are cooling off the U.S. jobs recovery. As Rep. Brady has pointed out, fewer jobs were created in the first five months of Biden’s presidency (500,000 jobs short despite the advantages of a reopening economy) than the last five months of Trump’s. Workers’ real wages have declined, and we’re experiencing the highest inflation in 13 years.
- Biden’s crippling taxes will cost millions of jobs. The surrender of America’s taxing authority to foreign governments with a “global minimum tax” will send jobs overseas and make it better to be a foreign company or worker than an American one.