May 28,2021

Crapo on Budget-Busting Spending and Job-Killing Tax Hikes

Washington, D.C. -- U.S. Senate Finance Committee Ranking Member Mike Crapo (R-Idaho) issued the following statement today regarding President Biden’s budget announcement:  

“I continue to disagree with the Administration’s bids to pay for budget-busting spending with job-killing tax hikes.  This colossal $6 trillion proposal includes tax increases that will inevitably hurt all Americans and businesses, not just a slim minority of individuals.  The President’s proposals to hit Americans with higher taxes and strangle the economy with regulations and red tape is not a path to prosperity.  Prior to the pandemic, pro-growth policies, including the Tax Cuts and Jobs Act, helped to create one of the strongest economies in decades.  At a time when the U.S. should be maximizing economic growth and providing an environment for job creation to reach pre-pandemic levels, the Administration is putting forth proposals that will do the opposite.”