Biden is squandering the recovery he inherited

May 7, 2021 in Columnists, News by RBN Staff


via: email | By Michael Joyce

Paid for by the Republican National Committee
Not authorized by any candidate or candidate’s committee.

Good morning,

The April jobs report shows that Joe Biden is squandering the economic recovery he inherited.

Under the leadership of President Trump and Republicans in Congress, the economy recovered 56% of the jobs lost in the pandemic. But instead of building on this progress, Biden’s policies are obstructing the recovery.

Here’s what the jobs report showed us:

The deeper you dig the worse this report gets. The Biden recovery slowdown is especially hurting minorities and workers:

Now Biden is pushing a $6 trillion American Bankruptcy Plan that will only make things worse. He is calling for nearly $3 trillion in new tax hikes, including hiking the business tax rate to 28 percent – higher than communist China. According to the Penn Wharton Budget Model , this would SHRINK the economy and LOWER workers’ wages.

Biden should be reopening American businesses and schools, but instead he is floundering and slow-walking on reopening with disastrous results:

  • 9.4 million Americans were unable to work in April because their employer was closed or had lost business because of the pandemic.
  • 1.5 million U.S. mothers have fallen out of the workforce, and many are staying home to take care of their children because schools have not re-opened.

As American workers and businesses are still struggling to recover, and families are facing rising prices, now is not the time for Biden’s $3 trillion tax hike and $6 trillion plan to bankrupt America.  Biden needs to open this economy and empower Americans through pro-growth policies, instead of relying on job-killing socialist schemes from Washington, D.C.

Michael Joyce
Republican National Committee