Brady: Biden's Recession Will Get Even Worse If Schumer-Manchin Tax Hikes Are Imposed on Struggling Economy
Press Release
Issues: Economy and Fiscal
Top Republican on the House Committee on Ways and Means Rep. Kevin Brady (R-TX) issued the following statement on Thursday's Bureau of Economic Analysis report on U.S. economic growth in the second quarter (GDP):
"I don't know a president who drove an economy faster into the ground--and into a recession--than Joe Biden. This report shows zero percent growth for consumer spending and for home and business investment--the main drivers of economic growth--the weakest since the pandemic recession.
"After Democrats bungled the economy and failed to meet expectations in five of the last six quarters of economic growth, imposing the Schumer-Manchin tax hikes on our economy will only make things worse."
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