Liberals aren’t happy.
Recently on Fox Business Network, Rep. Kevin Brady (R-TX) discussed President Joe Biden’s plan to raise the capital gains tax and said Republicans will fight it ‘Tooth and Nail’.
According to Breitbart, Brady stated, “This is another major economic blunder by President Biden. Look … after the Tax Cuts and Jobs Act, investment surged in America, and as a result, it was blue-collar workers, it was local communities that benefited. When you double that tax, you have the opposite effect. In reality, you wouldn’t encourage a cure by punishing the most frequent and successful researchers., You don’t rebuild a healthy economy by punishing those who invest in that local and U.S. economy, and that’s exactly what you have here. So at the end of the day, American workers are the net loser in President Biden’s capital gains proposal.”
Brady later added that Republicans will fight Biden “tooth and nail in the House of Representatives.”
You can read the full details of this story here.