President Biden is raising taxes on the middle class. Make no mistake about it. Middle-class Americans are feeling the squeeze of inflation as well--at the gas pump, at the grocery store, at the hardware store, and everywhere in between--as a result of the President's reckless Big Government spending plans. This irresponsible $6 trillion budget doubles down on taxing the middle class, breaking his pledge to only tax the wealthy. And we know he wants to tax the middle class because the President's budget would let the working- and middle-class tax hikes from the Tax Cut and Jobs Act expire. {time} 1045 By the way, from 2017 to 2019, the TCJA raised the median household income by over $5,000. This was a real positive impact for families across the district that I represent, for families across the country. And it also led to the lowest poverty rate in history, lifting more people out of poverty than ever before and historically slow unemployment. But, apparently, Biden wants to throw away those policies that built the strongest economy that we have seen in generations and, instead, will force greater dependence on the Federal Government. Even with all of the radical socialist policies included in the President's budget, their own projections indicate the worst economic growth of any decade since the Great Depression, at the cost of more than $17 trillion added to the national debt.…
On the recordJune 16, 2021
Share
More from Lloyd Smucker
Apr 6, 2025
If people can’t decide now that we can agree on some floor for spending cuts, then it probably won’t happen later.
Dec 5, 2023
I think particularly, Mr. Smetters, what you have described, what could occur here, what will occur here, according to your testimony, over the next 20 years if we don't change course, is really--it is a five-alarm fire. It is cataclysmic.
Jan 16, 2024
We really need to stay the course in prioritizing family for young people and particularly connecting them to their relatives.
Jan 31, 2024
The Tax Cuts and Jobs Act worked. It grew the economy. It increased revenue and it helped every American family to achieve a better life. It also, for those in opposition to this bill, for the first time, required a Social Security number…





