Booming Economic Recovery Will Become a Biden-Bust
Brady urges Dems to rein in out-of-control spending, job-killing tax hikes that will reverse gains shown in strong GDP report
The top Republican on the House Ways and Means Committee Rep. Kevin Brady (R-TX) issued the following statement after the Bureau of Economic Analysis released its report on Gross Domestic Product (GDP) in the first quarter of 2021:
“Beating expectations with economic growth of 6.4 percent, President Biden inherited a booming economic recovery. Now he is ending his first 100 days trying to spend like there’s no tomorrow.
“The last thing American families need is President Biden’s call for $6 trillion in new spending and massive job-killing tax hikes that will crush them and send their jobs overseas. We can do so much better by working together.”
KEY TAKEAWAYS:
- President Biden inherited a booming economic recovery that will be stifled under Democrats’ job-killing tax hikes and out-of-control spending.
- American families are seeing their prices go up due to inflation: gas prices across the nation increased by 31 percent from since the Presidential election.
- Every American will shoulder Democrats’ tax hikes in some form or fashion: slashed wages, higher consumer prices, or with U.S. jobs shipped overseas.