Raising taxes does not create jobs, Gingrich added, pointing to the unemployment rate after passage of the 2017 Tax Cuts and Jobs Act. Along with deep deregulation, the tax cuts led Americans to some of the lowest unemployment rates in modern U.S. history, especially among Black and Latino Americans.
“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,” he stated. Gingrich is not alone in his criticism of the Biden plan.
Senate Republican leader Mitch McConnell called the bill 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 wrote. “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.”