U.S. House of Representatives Committee on Ways and Means
04/20/2021 | News release | Distributed by Public on 04/20/2021 15:50
NEWSFLASH: Democrats’ So-Called ‘Compromise’ Still Sends American Jobs Overseas
NEWSFLASH: Democrats' So-Called 'Compromise' Still Sends American Jobs Overseas
Democrats refuse to protect recovering American economy & workforce
April 20, 2021 - Blog - Facts Are Stubborn Things - Select Revenue Measures - The Tax Tracker
Intent on wasting American taxpayer money on spending that barely even touches infrastructure, Democrats want hardworking Americans to pay the price-with tax hikes that will slash paychecks, raise prices, and kill jobs.
According to Axios, Democrats have offered what only they could call a 'compromise' - tax hikes that would still push Americans' jobs overseas, and threaten their wages.
As Americans for Tax Reform points out, any federal tax hike would add to the taxes already in place among states.
The American people know that tax hikes are contagious, and readily spread beyond their targets, like to consumers and employees.
KEY TAKEAWAYS:
- Instead of protecting America's economic recovery, Democrats plan to raise taxes in a way that guarantees Americans' jobs get sent overseas.
- As the Tax Foundation put it: Biden's plan could make the U.S. a less attractive place to do business in and to do business from.
- European leaders have already signaled they won't raise their taxes at the Biden Administration's request.
SUBCOMMITTEE: Select Revenue Measures