Democrats are not backing off their anti-growth tax hikes and spending proposals, Republican Leader of the Ways and Means Committee Rep. Kevin Brady (R-TX) said on the “Larry Kudlow Show,” discussing how these provisions sabotage the economy, send inflation soaring, and hammer American families and small businesses.
In a conversation with Larry Kudlow, Rep. Brady also debunked President Biden’s false claim that tax reform led to less corporate tax revenue.
On President Biden’s latest Buy America guidance adding anti-growth provisions on top of Democrats’ infrastructure bill, Rep. Brady said:
“Look, we all want Made-in-America manufacturing. Thanks to President Trump and the new tax code and balanced regulations, we saw growth of about half a million manufacturing jobs the year after we lowered taxes to become competitive.
“But this could drain about 25percent of the value out of that infrastructure package. They just keep heaping anti-growth after anti-growth measures on top of this infrastructure bill, cutting its value dramatically.”
Rep. Brady debunked President Biden’s false claims that tax reform led to lower corporate tax revenue:
“We knew if we became competitive, redesigned the tax code, lowered those rates, encouraged investment, and families and small businesses kept more of what they earned, we’d see dramatically different economic growth, and more revenue. We had the three highest revenue years in history after the Trump tax cuts. We saw that economic...
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