By eliminating overly generous COVID-era transfer payments, Congress will restore incentives for wage earners to return to work.
#BIDENS DAY ONE AGENDA DRIVERS#
By enacting fiscal reforms that will address the drivers of the unsustainable levels of debt –i.e., reckless Congressional spending – a conservative Congress can deal with inflationary pressures. And it also means addressing federal spending that is resulting in trillion-dollar annual deficits being added to the burgeoning national debt.
#BIDENS DAY ONE AGENDA FREE#
This means policymakers who will demand low taxation, low regulation, and free trade agreements. In order to compete internationally, and grow domestically, Americans need champions of economic freedom and liberty, and leaders with a basic understanding of free market principles and supply side economics.
While this fiscal calamity is being inflicted upon Americans, we believe that it is still not too late for the United States to reclaim our economic prosperity. job creators and entrepreneurs in many areas of the economy that lead new business formation and risk-taking to stop investing in order to reevaluate the future of the U.S.
Biden has even proposed the largest tax increases in American history in an attempt to fund his spending spree. Progressive economic polices a made goods and services more difficult to come by, thus more expensive. His policies created wage pressure on inflation. Biden incentivized millions of Americans to drop out of the labor force, adding pressure on the supply chain. However, Biden’s Executive Orders and regulatory actions turned us into a nation reliant on foreign energy - all because he sought to placate radical climate change environmentalists. as a net energy exporter on day one of his administration. President Biden pumped trillions of dollars in federal spending into the economy during supply chain interruptions, while demand was volatile due to the COVID-19 pandemic, causing prices to rise. The answer is simple, President Biden reversed many of the successful economic policies President Trump’s administration championed with the help of pro-growth Republicans in Congress. How did we get here so quickly, when less than three years ago the economy was strong, taxes were low, America was energy independent, and wages were rising, while inflation was in-check? The evidence indicates that this fiscal crisis will badly damage the economic outlook for prosperity and opportunity that belongs to the American people and future generations. GDP in the first quarter of 2022, Club for Growth fears an even worse outcome from the profligate Biden spending–an economic recession. Because inflation raises the cost of gas and groceries, while wages fail to keep pace, inflation is known as the invisible tax, but it’s far from invisible to most Americans and it disproportionately hurts America’s working class and families.ĭespite, the dire state of the economy today, as clearly evidenced by the 1.4% decline in U.S. Their trillions in spending have caused higher than expected 8.3% inflation, very close to April’s 40-year high. For far too long, Congress has acted irresponsibly with the nation’s credit card and taxpayer dollars. President Biden and his Radical Left allies in Congress have passed multiple, massive and unnecessary federal spending bills, which have led the way in causing historic inflation. The coming Biden Recession will harm all Americans. economy is now in deep trouble and teetering on the edge of a full-blown recession. Unfortunately, due to President Joe Biden’s radical policies, the U.S. COMMENTARY ON CLUB FOR GROWTH FOUNDATION REPORT: How President Biden’s Agenda Slows Economic Growth
0 kommentar(er)
