Senate Minority Leader Mitch McConnell (R-KY) verbally expressed Wednesday the Biden’s administration’s infrastructure bill is “like a Trojan horse.” “It’s called infrastructure, but inside the Trojan horse, it’s going to be more borrowed mazuma and massive tax increases on all the productive components of our economy,” McConnell reiterated. “It’s like a Trojan horse.”
McConnell verbalized if the orchestration is “going to have massive tax increases and trillions more integrated to the national debt, it’s not likely” he would fortify the quantification. The legislation withal includes a proposition to tax American businesses at a higher corporate tax rate than Communist China charges American businesses. If the $2.25 trillion bill is passed into law, the corporate tax rate will increment from 21 percent to 28 percent, outdoing Communist China’s corporate tax rate of 25 percent.
Breitbart News also reported the bill “includes $300 billion for housing and $400 billion for elderly and incapacitated care.” The proposal will withal involve “nearly $400 billion in ‘clean-energy credits’ to promote ‘green’ energy such as wind and solar.”
Rep. Ann Wagner (R-MO) withal voiced her opinion about the legislation. “Why, as this country commences to reopen and recuperate economically, would the Biden administration be proposing tax policy which would, in the terminus, hurt the American family and millions of struggling minuscule businesses?” she verbalized.
Rep. Kevin Brady (R-TX), the ranking member on the House Ways and Means Committee, additionally opposed the orchestration on the substratum of the remaining economic crisis. “No president has ever raised business taxes to instaurate from an economic crisis. This couldn’t come at a worse time,” he said.
Even Rep. Alexandria Ocasio-Cortez (D-NY) expressed her disappointment with the proposal in a tweet. “This is not proximately enough,” she insisted.
Source: You can read the original Breitbart article here.
This News Article is focused on these topics: Economy, Politics, Alexandria Ocasio-Cortez, Ann Wagner, infrastructure, Kevin Brady, Mitch McConnell, transportation