GOP Rep. Brady: Looming Tax Hikes, Biden Rhetoric ‘Creating Real Problems’ in the Economy

Tuesday on CNBC’s “Squawk Box,” Rep. Kevin Brady (R-TX) warned that looming tax hikes in the Senate were “creating real problems” in the U.S. economy.

Brady advised that President Joe Biden “talking about higher taxes nearly every week” was ultimately having an inflationary impact.

“What we didn’t see is anything, any incentives, to drive workers back to their jobs,” Brady outlined. “In fact, there seems to be almost a denial of that worker shortage. Secondly, I think these looming tax hikes that are still out there in the Senate, I think that’s creating real problems as well because from what I hear from our local businesses — worker shortage still high; inflation, as you noted, has become now the biggest concern. But in my town hall meetings, I did yesterday from small businesses, they’re asking about potential tax hikes. In this economy, that ends up in higher prices as well. So, I think that’s a worry.”

Host Joe Kernen said it was a “stretch” to suggest looming tax increases impacted inflation.

“Inflation, not yet,” Brady replied. “Worry on investment from main street businesses, yes, because, again, the president is talking about higher taxes nearly every week. We know where that ultimately lands.”… (Excerpt from Breitbart)