Allentown, Pa. – U.S. Senator Pat Toomey (R-Pa.) released the following statement regarding President Biden’s speech in Pittsburgh where he unveiled a massive plan to increase spending and taxes:
“We can and should do more to rebuild our nation’s physical infrastructure. I am happy to work with anyone who wants to make responsible progress. That means funding these improvements through a negotiated combination of user fees and reductions in wasteful, outdated, and duplicative government spending.
“Pre-pandemic, the federal government was spending around an eye-popping $4.5 trillion annually. We added $4 trillion in additional spending in response to the pandemic and recession last year. This year, the Biden administration wants to do even more total spending, despite the fact that the economic recovery is well underway.
“However, rather than offsetting this enormous spending binge responsibly, the Biden administration is pushing a massive tax increase by undoing large portions of the Tax Cuts and Jobs Act. That 2017 tax reform helped create the best American economy of my lifetime. We should be trying to get back to that economy, not making American workers and businesses less competitive globally.”