Ferguson: Biden’s Stealth Tax is Coming for American Families
Democrats' emergency spending is holding back our jobs recovery and landing on hardworking Americans
July 12, 2021 - Blog - Op-eds and Speeches - Press Releases - Select Revenue Measures - Worker and Family Support
Whether it’s at the gas station or the grocery store, American families are seeing prices skyrocket everywhere they go - and there’s no end in sight, warns Ways and Means Republican Rep. Drew Ferguson (R-GA).
In an op-ed for The Hill, Rep. Ferguson wrote:
“Inflation is coming at Americans like a freight train, and it won’t stop unless we pump the brakes on President Biden’s liberal agenda."
KEY TAKEAWAYS:
Working Families Are Feeling the Pinch of Democrats’ Stealth Tax Everywhere They Turn
* With prices rising twice as fast as paychecks, Biden’s stealth tax, or inflation, “disproportionately hurt the poor."
* Real wages have declined since President Biden took office.
* And it’s not just inflation Americans’ have to worry about - according to the liberal Tax Policy Center, President Biden’s overall tax plan will raise taxes on 75 percent of middle-class families next year, rising to 95 percent of middle-class families by 2031.
READ: Americans Brace for a Long, Hot Summer of Rapidly Increasing Costs
While Americans Face Higher Prices, Nearly Half of All Job Creators Can’t Fill Job Openings
* Democrats’ $300 a week bonus unemployment benefits, along with other expansions of welfare benefits and cash payments not related to work, are contributing to a record 9.3 million unfilled jobs.
* Though vaccines are readily available and businesses are reopening, a new study shows that 46 percent of job creators cannot find workers to fill job openings.
STUDY: Dems’ Expanded Unemployment Benefits to Blame for Main Street’s Hiring Headache
It’s time to stop Democrats’ Emergency Spending and Get America Back to Work
* As President Biden and Democrats push through another multi-trillion dollar spending bill, Americans have already received unprecedented government relief from Congress.
* It’s time to end the emergency spending and government checks and get people back to work.
* Biden’s unemployment programs is rampant with fraud - as much as than $400 billion may already have been stolen - and are keeping people from getting back to work despite the more than 9.3 million job openings on the market
ANALYSIS: Family of 4 Getting $109,048 in COVID Government Checks Already Approved by Congress
