BRADY: Worried About Higher Taxes & Racked by Inflation, People of Color & Minority-Owned Businesses Are Worse Off

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BRADY: Worried About Higher Taxes & Racked by Inflation, People of Color & Minority-Owned Businesses Are Worse Off | texasinsider

By FYH News Team

Published on April 6, 2022

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Headed towards a recession, worried about higher taxes, and racked by inflation, Americans have lost faith in President Biden’s ability to rebuild the economy

Texas Insider Report: WASHINGTON, D.C. – Facing 40-year high inflation rates that have wiped out the wage gains from the Tax Cuts & Jobs Act, American families – particularly people of color – are in crisis after only 14 months of Democrats’ and President Joe Biden’s economic policies.

“Many Americans believe our economy is already in a recession or depression, and have lost faith in the President’s ability to rebuild an economy that works for them,” said the House Ways & Means Committee’s Republican Leader, Cong. Kevin Brady (R-TX) in opening remarks during a full committee hearing.

CLICK HERE to watch Rep. Brady’s remarks.

Key Excerpts:

“A recent survey found that people of color, and those just getting into the workplace for the first time, are the ones struggling the most with inflation.

“Minority-owned small businesses are struggling to recover from the pandemic, facing higher prices, and a labor shortage thanks to Washington’s lavish and extended unemployment bonuses, monthly stimulus checks, and Affordable Care Act subsidies that discouraged work,” said Brady.

CLICK HERE to read Rep. Brady’s full remarks as prepared for delivery.

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