Dear Ms. Lidberg:
Thank you for taking the time to contact me about the Biden Administration’s proposed tax and spending package. I appreciate hearing from you.
Recently, the Biden Administration and Congressional Democratic leaders unveiled their $3.5 trillion tax hike and spending package, which is a wish list of left-wing ideological priorities grouped together under the intentionally-vague definition of “human infrastructure.” Nearly all of these provisions would harm the U.S. economy and hardworking American families, including job-killing tax increases, unrealistic Green New Deal environmental mandates, and major immigration changes that would permit amnesty for upwards of 8 million illegal immigrants.
Make no mistake, as recent jobs and inflation data shows, the country cannot afford to continue down this track. As of July, the Consumer Price Index was up 5.4 percent over the last twelve months, the highest rate in thirteen years. Further massive packages of government spending will no doubt continue this inflationary trend, ultimately harming working-class North Carolinians already struggling with rising prices on groceries, gasoline, and other essentials. Furthermore, the job-killing tax increases in this plan would have a disastrous impact on small businesses, family farms, and workers during our ongoing economic recovery.
Furthermore, additional out-of-control spending on left-wing priorities will have drastic impacts on our long-term fiscal viability. This proposed package envisions a trend in federal spending that would balloon the national debt well past $33 trillion in 2024 and to $45 trillion—more than $350,000 per taxpayer—by 2031. This comes at a time when we already pay nearly $400 billion annually to service the interest on our debt. And one of the primary reasons we are even able to meet this obligation is that interest rates are historically low. With rates expected to rise steadily in the coming years, the accumulated debt bomb will begin counting down to a fiscal reckoning.
Please know, I will strongly oppose this partisan and irresponsible tax and spending spree as it is considered in the Senate.
It is important to note the $3.5 trillion proposal is different than the recent bipartisan infrastructure legislation passed by the Senate. The bipartisan infrastructure legislation makes the strongest investment in America’s critical infrastructure in a generation – without raising taxes. This historic investment will, among other things, modernize our nation’s roads and bridges, expand access to broadband, and create good-paying jobs for North Carolinians. While I supported the bipartisan infrastructure agreement, I am strongly opposed to the Majority Party’s reckless $3.5 trillion tax and spending spree, and I will remain resolutely against it as it comes before the Senate.
Again, thank you for taking the time to contact me. Please do not hesitate to get in touch with me again about other issues important to you.