On the recordApril 27, 2021
Mr. President, a few weeks ago, President Biden introduced an infrastructure plan--or at least that is what the Democrats are calling it. In fact, a substantial portion of this bill goes to Democratic priorities that have nothing to do with infrastructure, from support for Big Labor to a new Civilian Climate Corps to advance ``environmental justice.'' President Biden's infrastructure proposal would cost a lot of money, well north of $2 trillion. So how does the President plan to pay for this legislation? Unsurprisingly, the President is proposing tax hikes--notably, a substantial hike in the corporate tax rate. There are two sources the Democrats like to go to when it comes to paying for their spending--corporations and prosperous Americans. In fact, the Democrats tend to speak about corporations and well-off Americans as if they are a bottomless source of funding for government programs and as if the Democrats can endlessly hike taxes on these individuals and businesses without consequences. When the Republicans object to the prospect of major tax hikes, the Democrats cry that the Republicans are just protecting wealthy corporate cronies--a deeply ironic charge when you consider that the Democrats want to include a tax cut for wealthy Democratic donors and Hollywood types in this same infrastructure package. The real reason for the Republicans' concern, of course, is quite different.…





