The 2017 Republican tax cuts mentioned by Pelosi were priced at $ 1.5 trillion over a 10-year period. Pelosi defended Biden’s proposed tax hikes, saying that they did not stem from “any resentment against anyone for their success” and that Biden “rewards work” and meets people’s needs.
In an interview on Wednesday, Pelosi pointed out Biden’s plans, including the American Families Plan, which he will unveil in his first joint address to Congress on Wednesday evening. The family plan provides $ 200 billion for the universal preschool garden, $ 100 billion for the free community college, an expanded tax credit for children through 2025, and $ 225 billion for the nation’s first paid medical and family vacation program.
“It will be transformative and obviously use our party’s traditions, persistent experimentation, to work for the people,” Pelosi said.
Both of the packages proposed by Biden are unlikely to receive, if any, Republican support in Congress. Senate Minority Whip John Thune (R-S.D.) Has attacked Biden’s proposed tax hikes.
“President Biden’s proposed tax increases may help Democrats achieve their socialist vision for our country, but they will not help working Americans if they wreck our economic recovery and force employers to cut jobs and / or move to areas with.” to draw lower taxes, “Thune wrote in a tweet Tuesday.
Senator Marsha Blackburn (R-Tenn.) Has attacked the plan Biden will roll out Wednesday night, calling it “anti-family” in an interview Wednesday morning with Fox Business.
“The wallets of Americans from all walks of life are being hurt by Biden’s tax plan,” Blackburn wrote in a tweet on Wednesday, saying the plan will cause inflation.
So far, Republicans have generally avoided attacking the details of Biden’s popular plans. On Wednesday Senate session, Mitch McConnell, chairman of the Senate Minority, beat Biden for failing, in McConnell’s view, on his promise to work for the unit.
“Many hoped that his government would reflect that promise. But the first 100 days leave a lot to be desired, ”said McConnell. “Within a few months, the Biden government appears to have given up selling the actual unit in favor of catnip for their liberal base, which is covered with a heavy layer of false advertising.”