For a PDF of this document, click here. As working American families and Main Street businesses struggle through the highest inflation in 40 years, a looming recession, and a shrinking economy, Democrats have raised taxes and wastefully spent ...
“Republicans have a strong record of bringing relief to American families and businesses. In 2017, we passed the most comprehensive overhaul of our tax code in more than three decades,” writes Ways and Means Member Rep. Vern Buchanan (R-FL) in
Democrats dangerously expanded the GOP-created Child Tax Credit (CTC) and turned it into a wasteful stimulus program that fueled inflation and discouraged work. What’s more, the Democrats’ CTC was plagued with problems, with preliminary reports finding that more than $1 billion has been lost in improper payments and at least 4 million families are still waiting to receive ...
“In President Trump’s economy after the tax cuts, we saw wages not only growing but they were growing twice as fast as inflation,” Ways and Means Republican Leader Rep. Kevin Brady (R-TX) said on “Your World” with Neil Cavuto on Fox News, five years after the Tax Cuts and Jobs Act was introduced in the House of Representatives. In President Biden’s cruel ...
While President Biden falsely claims credit for an automatic increase in Social Security payments, even reporters from the New York Times and the Washington Post are debunking the claim. “There's so much disinformation and fear mongering coming out of the White House. I think everyone understands why Social Security payments went up: Because inflation is crushing so many seniors,” ...
A permanent extension of the Democrats’ 2021 Child Tax Credit policy would cost taxpayers $1.4 trillion over the next decade, reduce economic growth, business investment, and labor force participation while resulting in higher inflation, according to a recent analysis by the Joint Committee on Taxation (JCT)
“If Congress does not take action, working and middle-class families will face tax increases, which stifle domestic innovation and investment and make America less competitive abroad,” writes Ways and Means Member Rep. David Kustoff (R-TN) in a ...
After the Bureau of Economic Analysis released its report for September’s personal consumption expenditures (PCE) showing core prices increased 5.1 percent from one year ago, the third-highest level under the Biden Administration, Ways and Means Republican Leader Rep. Kevin Brady (R-TX) released the following statement: “This is more bad ...
After fueling an inflation crisis that has health care premiums at their highest in years, Democrats cut Medicare and seniors’ access to breakthrough medicines and raised taxes for families. Now the White House is
“Some of the greatest benefits of TCJA is the effect that it has had on the growth of jobs, enhancing productivity, and increasing the paychecks for our employees,” shared John John Frangakis, owner of a small business in Pennsylvania. As the economy slows towards a Biden recession John added, “there’s no worse thing to do than raise taxes.” Permanent middle-class and small ...