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House Minority Leader Kevin McCarthy, left, and Senate Minority Leader Mitch McConnell, right, address reporters outside the White House after their Oval Office meeting with President Joe Biden on Tuesday in Washington, D.C. (Drew Angerer / Getty Images) President Joe Biden’s trillion-dollar dreams won’t come true if there is a tax increase attached, Republican leaders vowed Wednesday after a White House meeting with Biden and top congressional Democrats.
Senate Minority Leader Mitch McConnell and House Minority Leader Kevin McCarthy each said after the meeting that they will not back the tax hike Biden wants to cover his $2.3 million package of infrastructure spending and other projects.
Biden wants a hike in corporate income taxes to be the main revenue source to offset the spending. A separate $1.8 trillion package of child care and education spending would be offset by an increase on personal income taxes for the richest Americans.
“We’re not interested in re-opening the 2017 tax bill. We both made that clear with the president. That’s our red line,” McConnell said, according to Politico . “This discussion … will not include revisiting the 2017 tax bill.”
The 2017 tax bill, passed during the administration of former President Donald Trump, reduced taxes. “We’re not interested in re-opening the 2017 tax bill. We both made that clear with the president. That’s our red line,” McConnell says next to McCarthy. “This discussion … will not include revisiting the 2017 tax bill” — Burgess Everett (@burgessev) May 12, 2021 “You won’t find any Republican that wants to go out and raise taxes,” McCarthy said. “Raising taxes is the biggest mistake you can make.”
McCarthy said he also raised with Biden his concern that inflation must be brought under control. We keep saying it. Prices are going up. Democrats won’t admit whether they feel this is already inflation. But the additional tax hikes, expanded taxpayer-funded UI payments, and trillions of more spending will make this situation worse, not better. https://t.co/K2EruoGlr7 — Ways and Means GOP (@WaysandMeansGOP) May 12, 2021 McConnell said Senate Republicans will not simply march to Biden’s drum, saying he did not favor “top-down dictation as […]
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