Home WND Tax Foundation warns Democrats want more taxes from 80% of Americans

Tax Foundation warns Democrats want more taxes from 80% of Americans

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By Thomas Catenacci
Daily Caller News Foundation

The highest-ranking Republican on the powerful House Ways and Means Committee slammed Democrats’ massive trillion-dollar budget reconciliation package, arguing it raises taxes on working class Americans.

Ways and Means Ranking Member Kevin Brady said the $3.5 trillion legislation, titled the Build Back Better Act, would fuel inflation, devastate small business and set the U.S. back economically relative to competing nations. Brady, who wrote the 2017 Tax Cuts and Jobs Act, said Democrats are attempting to reverse Republicans’ progress on tax reform through the budget bill.

“There is a steep price that Americans will pay for this bill,” Brady told the Daily Caller News Foundation in an interview. “Our government has never wasted so much money that kills so many American jobs, drives prices even higher and hooks a whole new generation of the poor on government dependency.”

“This is an economic surrender to China, Russia, Europe and Japan,” he added. “It’s trillions of wasteful government spending to fuel inflation further.”

Senate Democrats unveiled the Build Back Better Act in early August, months after President Joe Biden announced his budget priorities. Different parts of the proposal received approval from the House Ways and Means, Energy and Commerce, Veterans’ Affairs and Judiciary committees on Sept. 15.

The legislation includes trillions of dollars in new government spending,

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