WASHINGTON, D.C. – U.S. Chamber of Commerce Executive Vice President and Chief Policy Officer Neil Bradley released the following statement today after House Democrats released text of their reconciliation tax proposal:
“Rolling back job-creating tax reforms will slam the brakes on hiring and wage increases. Every CEO and business leader is concerned about this proposal, and the Chamber strongly opposes it. This reconciliation bill is an existential threat to America’s fragile economic recovery and future prosperity.
“This is an everything but the kitchen sink bill that includes every policy idea the majority has been unable to pass. We will not find durable or practical solutions in one massive bill that is equivalent to more than twice the combined budgets of all 50 states. The success of the bipartisan infrastructure negotiations provides a much better model for how Congress should proceed in addressing America’s problems.”