Republican Senator: Democrats Can Only Get Funding For Middle-Class ‘Gift Programs’

Its. Ron JohnsonRonald (Ron) Harold Johnson Tucker Carlson Gets Rittenhouse Interview for Monday Night NASCAR Driver Bubba Wallace Says Rittenhouse Would Have Won His Life If He Were Black Conservatives Praise Rittenhouse Jury Verdict MORE (R-Wis.) He claimed that Democrats can only get funding for “their gift programs,” which apparently include provisions in their roughly $ 2 trillion social and climate spending bill, from the middle class.

“The only place Democrats can get the money to fund all of their gifting programs is from the middle class, because that’s where the money is,” Johnson said Sunday in an interview with John Catsimatidis on WABC 770 AM.

Johnson claimed that even if corporate taxes were increased, the middle class would end up bearing the costs.

“They really don’t bear the brunt of the tax increase,” he said, referring to corporations. “They just pass it on to consumers and their employees with lower wages and benefits. So yeah, it’s the middle class that always pays. “

Johnson’s comments come after House Democrats passed his massive climate and social spending bill, known as the Build Back Better Act, on Friday and sent it to the Senate after weeks of negotiating with moderates. and party progressives.

Among the proposals in the bill is a minimum tax rate of 15 percent for corporations that report more than $ 1 billion in profits to their shareholders, which is one of the ways Democrats seek to offset costs in your bill.

A report published by Sen. Elizabeth warrenElizabeth Warren Overnight Defense & National Security – Presented by Boeing – Senate Passes On The Money Defense Bill – House Democrats Pass Biden Warren’s Big Bill Calls For Senate Investigation Into Syrian Airstrike 2019 that killed dozens of civilians MORE (D-Mass.) He indicated earlier this week that several companies, including Amazon and Facebook, would pay hundreds of millions of dollars in additional taxes if the proposal passes.

That tax proposal has won the support of key Democrats in the Senate. Kyrsten CinemaKyrsten Sinema: Democrats move on as Manchin yo-yos Biden’s election for Arizona federal prosecutor confirmed by Senate Three senators say NYT coverage of Sinema’s clothing is ‘sexist’ MORE (Ariz.).

In the interview, Johnson also spoke about rising inflation in the country, stating that he would cancel recent increases in worker wages and social security benefits.

“I think [Democrats are] trying to explain … trying to tell Americans that ‘Oh no, inflation is good for you. No, it isn’t, ”Johnson said. “Just when their wages are increasing, we have a record, or at least a more recent record, of an increase in social security benefits, it may sound good, but those increases will be wiped out by inflation.”

Data released earlier this month by the Labor Department showed that annual inflation had hit a 30-year high in the 12-month period ending in October.

Several Democratic legislators, including the senator. Joe manchinJoe Manchin Democrats Advance As Manchin’s Yoyos Five Takeaways: House Passes Biden’s Radical Benefits Bill Energy and Environment Overnight – House Passes Giant Climate and Social Policy Bill MORE (W.Va.), have also expressed concern about rising inflation. “From the grocery store to the gas station, Americans know that the inflation tax is real and DC can no longer ignore the economic pain Americans feel every day,” Manchin said on Twitter after the data was released.

In an appearance on CNN last week, the director of the National Economic Council Brian deeseBrian DeeseSunday Shows Preview: Boosters Open To All US Adults House Democrats Pass Spending Plan To Senate Overnight On Energy And Environment: House Passes Climate Giant, Bill social policy law The Chamber approves the social policy and the giant climate measure MORE He said the Better Rebuild Act could combat that surge in inflation. “This, more than anything, will come at the cost that Americans face,” he said of the bill.

Johnson, by contrast, suggested in the interview that the solution to the country’s economic concerns would be to remove Democrats from office.



Reference-thehill.com

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