Kevin Brady: Mainstream Businesses Will Get Hammered ‘with About Six Different Tax Hikes’ in Biden’s Bill

‘You are going to see slower GDP growth, you are going to see flatter paychecks, you are going to see jobs moving overseas’

EXCERPT:

BRADY: “Look, we are seeing record revenues because we got the economy moving again, became the most competitive economy in the world. We saw small business investing and expanding. We saw jobs and manufacturing coming back from overseas. And so we saw record levels. What this says is that another myth that President Biden uses and much of the narrative he gives on taxes are false, this one got debunked, tax revenues are not down, corporations are -- are hitting record revenues for the federal government, 80 percent of this new tax revenue comes from the successful. And so the -- the bottom line is Washington has all the money it needs. It just doesn’t have all the money it wants in the Democrats view. And so, look, I think we hiked taxes trying to come out of pandemic, self sabotage our competitiveness with foreign countries, you are going to see slower GDP growth, you are going to see flatter paychecks, you are going to see jobs are moving overseas. And mainstream businesses who get hammered with about 6 different tax hikes in President Biden’s bill is going to get hurt in a -- in a significant way.”

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