Select Revenue Measures

Day Four Wrap-Up: Democrats Defend Economic Surrender

September 15, 2021 — Blog

On the fourth and final day of the Ways and Means Committee’s work on their $3.5 trillion tax hikes and spending package, Democrats defended crushing America’s innovation economy, tax increases that will send jobs and businesses fleeing overseas, President Biden’s economic surrender to China, and relegating too many Americans to poverty by making the largest expansion of the welfare ...

BRADY: Small Businesses Fear Democrats’ Tax Hikes & Washington Mandates

September 15, 2021 — Blog

After Democrats rammed their $3.5 trillion tax and spend agenda through the Committee, Ways and Means Republican leader Rep. Kevin Brady (R-TX) delivered the following closing statement. CLICK HERE to watch.   Thank you, Mr. Chairman.   We have worked long and hard these four days of the markup. Debate has been tough but ...

STUDY: Biden Plan Shrinks the Economy

September 15, 2021 — Blog

President Biden’s $3.5 trillion tax hike and spending plan will decrease future economic growth and reduce private wealth, according to a new analysis from the Penn Wharton Budget Model (PWBM), a macroeconomic forecasting project based at the University of Pennsylvania. Key Takeaways: ...

BRADY: Small Businesses Fear Democrats’ Tax Hikes & Washington Mandates

September 15, 2021 — Blog

After Democrats rammed their $3.5 trillion tax and spend agenda through the Committee, Ways and Means Republican leader Rep. Kevin Brady (R-TX) delivered the following closing statement. CLICK HERE to watch.   Thank you, Mr. Chairman.   We have worked long and hard these four days of the markup. Debate has been tough but ...

Study: Dems’ Tax Plan Skyrockets U.S. to Third-Highest Corporate Tax Rate in Developed World

September 15, 2021 — Blog

Democrats’ $3.5 trillion tax hike and spending plan will increase the corporate tax rate from 21 percent to 26.5 percent—skyrocketing the United States to the third highest corporate rate in the OECD, the Tax Foundation reports.   Corporations don’t pay taxes, people do. Democrats’ tax hikes will fall on the backs of American working families and Main Street ...

FACT CHECK: GOP Tax Reform Led R&D Boom—But Dems Want Washington In Charge

September 15, 2021 — Blog

Democrats believe that higher taxes and spending will lead to stronger American innovation and research & development (R&D)—but even China keeps taxes on their technology firms that compete with American companies as low as 15 percent. Here are the facts: Democrats’ tax hikes jeopardize American research and development. President Biden wants to 

Fact Check: Dems Subsidize Millionaires, Attack Main Street & Ordinary Americans

September 14, 2021 — Blog

Don’t buy Democrats’ hype that their tax increases simply hit millionaires. Instead, Democrats’ tax increases hit Main Street businesses and middle-class families' pocketbooks to offset the subsidies that they offer to the wealthy. Who suffers? Ordinary Americans. KEY POINTS: Main Street businesses will be hit with hundreds of billions of dollars in tax increases, while ...