‘Raising taxes will NOT slow the economy’: Biden doubles down on $ 2 trillion infrastructure plan Republicans have vowed to fight ‘every step of the way’ and has been slammed by big business
After Friday’s report of more than 900,000 jobs, President Joe Biden insisted that his $ 2 trillion infrastructure plan paid for by tax increases would not slow economic growth.
“Raising taxes is not going to slow the economy at all,” Biden told reporters. “Asking corporate America to pay their fair share will not slow the economy down at all, it will make the economy function better and generate more energy.”
Biden laughed when a reporter asked about the promise made by Senate minority leader Mitch McConnell to “fight them every step of the way.”
“Raising taxes will not slow the economy at all,” Biden told reporters after commenting on Friday about the more than 900,000 US jobs added in March.
Senate Leader Mitch McConnell vowed on Thursday to “ fight them every step of the way, ” speaking about the Biden administration and the president’s proposed $ 2 trillion infrastructure plan.
“I don’t think the American people gave them a mandate to drive our country all the way to the political left,” McConnell said from Kentucky on Thursday.
On Wednesday, from Pittsburgh, Biden debuted its $ 2 trillion infrastructure plan that will invest in roads, bridges, broadbant technology, water projects, housing and job training.
It will be paid by raising taxes for large corporations to a higher rate than what former President Donald Trump signed in his 2017 tax package.
Americans who earn more than $ 400,000 annually could also see an increase.
After Biden commented on the job numbers on Friday, he briefly participated in Q&A with reporters.
He scoffed at the idea that Republicans are suddenly against infrastructure.
‘If the Republicans claim we don’t need infrastructure. They have been talking about its necessity for years. If the Republicans decide we need it, but they’re not going to pay for it, the deficit will only get bigger, ”Biden began.
If the Republicans say that the next phase of my plan we don’t have to invest in VA hospitals and fulfill the sacred commitment we have made to so many Americans, when the Republicans say that the 400,000 homes and schools and daycares have lead pipes, lead pipes, that delivered water to their doors, ”he continued.
“They say we shouldn’t do that?” he asked.
“What do you think would happen if they found out that all the lead pipes were on the Capitol every time they opened the water fountain,” Biden noted.
As with the $ 1.9 trillion COVID-19 aid package, Biden indicated that he is betting on support from Republican voters, not politicians.
“I think the Republican voters will have a lot to say about whether we get this done often,” he told reporters as he left the room.