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U.S. House of Representatives Committee on Ways and Means

09/20/2021 | Press release | Distributed by Public on 09/20/2021 16:13

BRADY: Dems’ Tax Hikes Kill Jobs, Drive Prices Higher, and Hook Americans on Government Dependency

BRADY: Dems' Tax Hikes Kill Jobs, Drive Prices Higher, and Hook Americans on Government Dependency

September 20, 2021 - Blog - In Case You Missed It... - Press Releases

WASHINGTON, D.C. - After Democrats rammed through their $3.5 trillion tax hikes on the Middle Class and Main Street businesses, top Republican on the Ways and Means Committee Rep. Kevin Brady (R-TX) joined Fox News this weekend to warn against Democrats' $3.5 trillion tax hikes and economic surrender, which will kill jobs, worsen Bidenflation, and hook a new generation of Americans into government dependency. welfare with endless government checks.

On Fox News Live with Mike Emanuel, Rep. Brady said:

"This emergency spending - far beyond the emergency - will cripple our finances as a country in the future, much less the $3.5 trillion that they are proposing. At this point, it's the Democrats' responsibility. They're doing the spending; they're running everything in a partisan way."

READ: BRADY: Small Businesses Fear Democrats' Tax Hikes & Washington Mandates

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CLICK HERE to watch the full interview.

In a conversation with Charles Payne, Rep. Brady said:

"You've never seen Washington spend so much money to kill so many American jobs, drive prices up higher, and hook a whole new generation of Americans into government dependency.

"These taxes land on small businesses, they land on the middle class, they are an economic surrender to China, Russia, Japan, and Europe, and waste funding in a major way."

CLICK HERE to watch the full interview.

READ: Dems' Tax Plan Skyrockets U.S. to Third-Highest Corporate Tax Rate in Developed World

The last thing Americans need are Democrats' tax hikes on Main Street and family businesses.

  • The non-partisan Joint Committee on Taxation (JCT)found that workers will shoulder the burden of the tax hikes and that within 10 years of a corporate tax increase, 66.3 percent of the corporate tax burden would be borne by lower- and middle-income taxpayers.
  • It's not just the JCT - analysis from the Left-leaning Tax Policy Centerfinds that President Biden's overall tax plan will raise taxes on 75 percent of middle-class families next year, rising to 95 percent of middle-class families over the long term.
  • The JCT also foundthat 25 percent of the burden of Democrats' tax hikes would be borne by workers in slashed wages.

READ: Brady Fact Checks Dems' False Claims on Their Crippling Tax Hikes