President Joe Biden’s $2.3 trillion infrastructure plan is rife not only with “waste, fraud, abuse” and “corruption,” but the inflation we are seeing is a “Biden Tax” on lower-income families, according to House Minority Leader Kevin McCarthy, R-Calif.
“When the president talks about not raising taxes on people under $400,000, that’s a lie,” McCarthy told Sunday’s “The Cats Roundtable” on WABC 770 AM-N.Y. “Every day you watch the inflation that he is creating. This is the Biden Tax.”
Biden’s chief pay-for proposal to date is raising the tax on corporations from 21% to 28% and higher-income Americans – people who can afford it – but it will ultimately trickle down.
The infrastructure package in itself is a lie, McCarthy told host John Catsimatidis, because there is “no need to spend these trillions of dollars” when less than 10% – McCarthy suggests a mere 6% – actually will go to infrastructure.
Read more at NEWSMAX.
{Matzav.com}
