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

04/11/2021 | News release | Distributed by Public on 04/11/2021 04:23

Brady on Fox Business: Biden’s Tax Hikes Are Dangerous to Blue-Collar Workers

Brady on Fox Business: Biden's Tax Hikes Are Dangerous to Blue-Collar Workers

Defends Republican tax reform on 'Maria Bartiromo's Wall Street'

This week, House Ways and Means Republican Leader Kevin Brady (R-TX) appeared on Fox Business's 'Maria Bartiromo's Wall Street' to warn against President Biden's $2 trillion job-killing tax hikes. Watch the full interview here. Excerpts are below.


WATCH:Rep. Kevin Brady Talks About the Dangers of Biden's Job-Killing Tax Hikes


'What [President Biden's] failed to explain is what's wrong with the 21 percent rate? That rate jump-started our economy [and] leapfrogged America to the most competitive economy in the world.'

'In my view, their tax proposals coupled with what we've seen out of the Senate will trigger a second wave of U.S. companies movingtheir jobs and research overseas.Biden'stax policy actuallymakes it better for a foreign company to operate in America, than an American company to operate here at home.'

'This policy is very dangerous to blue-collarworkers.'

READ: Businesses to Biden: Tax Hikes Will Destroy Good-Paying Jobs


'We saw more jobs, record-level paycheck growth. […] We ended the signature failure of the Obama-Bidenadministration,which was so many American companies either moving overseas or being acquired by foreign companies. What is wrong with having the most competitive economy on the planet?'

'Secretary Yellen claimed the tax cuts put American companies at a disadvantage. Just the opposite. We became more competitive both here and abroad as well.'

READ: Debunking Biden's Misleading Tax Claims-Yes, Republican Tax Reform Helped All Americans

SUBCOMMITTEE: Select Revenue Measures SUBCOMMITTEE: Oversight