WASHINGTON, D.C. – Top Republican on the Ways and Means Committee Rep. Kevin Brady (R-TX) today joined Larry Kudlow on Fox Business to discuss how President Biden is cooling off our jobs recovery and surrendering our tax base to foreign competitors.

Rep. Brady said:

“I think what Secretary Yellen is going to bring back to America is a plan that does two things. It will disadvantage American companies over foreign companies and foreign workers.

“Secondly, it’s going to take a big bite – maybe one-hundred billion dollars or more – out of our own tax base here in America.

“Bottom line is we lose multiple ways in these negotiations. It all starts with one horrific policy to make America’s corporate tax rate among the worst in the world.”

 

CLICK HERE to watch the full interview.

KEY TAKEAWAYS:

Biden’s Global Tax Puts Foreign Companies Ahead of American Workers

• Under Biden’s Global Tax Surrender, it’s better to be a foreign company or foreign worker than it is to be an American company or American worker.
• A new Gallup poll finds that 65 percent of Americans believe our top foreign policy priority ought to be protecting the jobs of American workers.

READ: President Biden’s Global Tax Hike is Not a Victory for America, but a Surrender

Biden’s Policies Are Cooling the Jobs Recovery He Inherited

• According to the liberal Tax Policy Center, President Biden’s overall tax plan will raise taxes on 75 percent of middle-class families next year, rising to 95 percent of middle-class families by 2031.
• Democrats’ runaway spending has caused prices to rise twice as fast as paychecks – leaving American families falling behind. Real wages have declined since President Biden took office.

READ: There’s Nothing “Fair” About Hiking Taxes on American Families, Businesses, and Farmers