Politics

Newt Gingrich Blasts Joe Biden For ‘American Job Killing Tax Plan’

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Former Speaker of the House Newt Gingrich is speaking out this week to blast Joe Biden for his “American job killing tax plan,” describing it as “a tax increase bill masquerading as an infrastructure bill.”

Gingrich wrote on his website that Biden’s plan “will not create jobs or ultimately improve our infrastructure. It will kill jobs and make infrastructure projects more expensive in time and money.”

He proceeded to call out the “deep irony” of Biden starting to look for support for his “American Job Killing Tax Plan” in Pittsburgh, given the fact that this was the site of the central battlefield of the 1791 Whiskey Rebellion. During this Rebellion, Americans fought against an overreaching tax on whiskey imposed by the federal government.

“So, today, we have President Biden, who is calling to immediately raise all domestic corporate taxes by one-third (from 21 percent to 28 percent), set a minimum 21 percent tax rate for multinational US corporations, raise taxes on oil and gas companies (which will cause the costs of gasoline, heating oil, and plastic to skyrocket), and levy a host of other new tax measures across the economy,” Gingrich continued.

“All of these measures will mean that the companies that employ people will have to lay them off. Construction companies will have fewer workers to complete large infrastructure projects – and the projects themselves will have higher price tags because it will cost more to run the machines necessary to do the work,” he said. “Only a true-believing leftwing Washington zealot could imagine a reality in which any of these measures will make America better or improve the lives of Americans.”

Gingrich went on to definitively say that raising taxes will not create jobs, despite Biden’s claims.

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“Raising taxes doesn’t create jobs – and it never has. If you need evidence, look at the unemployment rate after passage of the 2017 Tax Cuts and Jobs Act (which enacted much of the job-creating tax cuts President Biden is clumsily trying to destroy),” he said. “Along with deep deregulation, the tax cuts led Americans to some of the lowest unemployment rates in modern US history (in fact, the lowest ever for Black and Latino Americans).”

This comes after Senate Minority Leader Mitch McConnell (R-KY) described the bill as a “Trojan horse for far-left demands.”

“My advice to the administration: If you want to do an infrastructure bill, let’s do an infrastructure bill,” McConnell said. “Before the pandemic, we had the best economy in 50 years. We should not raise taxes under the guise of an infrastructure bill and send our economy in the wrong direction.”

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