WASHINGTON, D.C. – Today, Senator Rick Scott released the below statement following reports that President Joe Biden is planning a major federal tax hike and considering several other tax increases on the American people and businesses. These tax increases would reportedly help offset the cost of the partisan $1.9 trillion “COVID” spending package, of which only 10% went to actually help fight COVID.
Senator Rick Scott said, “Democrats are taking our economy down a dark path of runaway inflation, growing debt and high taxes. I want to be very clear – these policies will only hinder our economic growth and families’ ability to succeed. President Biden and Congressional Democrats just pushed through a wasteful and partisan $1.9 trillion ‘COVID’ spending package, with only 10% actually going to help fight COVID, filled with liberal priorities that will drive our federal debt up to an unsustainable $30 trillion. Now, President Biden is planning to push that cost right back onto the American people by considering several huge tax hikes for the first time in decades.
“It’s completely possible to address our federal debt crisis without increasing costs on the America people. We did it when I was governor of Florida. Over eight years, we paid down nearly one-third of our state debt while cutting taxes by $10 billion and making record investments in things that matter most to Floridians. You do it by making tough choices, cutting wasteful spending and growing the economy so you can afford to make these investments. President Biden needs to take real action to grow the economy and cut government waste. Taxpayers shouldn’t be on the hook for Democrats’ wasteful spending, especially while they’re still working to recover the impacts of the coronavirus.”
###