Businesses, Republicans Raise the Alarm over Biden Taxes

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As President Joe Biden promotes his several trillion dollars in proposed federal spending, Republicans and small businesses are raising the alarm, arguing the taxes needed to pay for those spending plans are a threat to the economy.

The House Ways and Means Committee met Thursday to discuss infrastructure development and in particular the impact of proposed tax increases to pay for it. Rep. Kevin Brady, R-Texas, the ranking member on the committee, argued that only 7% of Biden’s proposed infrastructure bill goes to infrastructure and that raising taxes would incentivize employers to take jobs overseas.

“As bad as the wasteful spending is, worse yet, it’s poisoned with crippling tax increases that sabotage America’s jobs recovery, hurts working families and Main Street businesses, and drives U.S. jobs overseas,”  Brady said. “We cannot fund infrastructure on the backs of American workers.”

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Virginia Legislators Blast 5,593 Page House Bill Passed Just Hours After Legislators Get The Full Draft

The U.S. House of Representatives leadership gave legislators just hours to consider a 5,593-page omnibus spending bill incorporating over $900 billion of coronavirus relief and $1.4 in government funding for fiscal year 2021. The bill was made available on Monday afternoon, with voting beginning on Monday evening, where it passed just after nine p.m.

“After several delays and last-minute haggling, we finally began receiving text of the COVID relief bill at 11:30 am this morning. This bill is likely to be thousands of pages, so I’m canceling my afternoon appointments & digging into the bill. As Reagan said, “Trust, but verify,” Congressman Ben Cline (R-VA06) tweeted.

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