.larry_kudlow: This is the single biggest obstacle to growth
HAKEEM JEFFRIES:
One more point: Biden and Democrats keep insisting that Republicans are going to double up on a national sales tax. This is the so-called FairTax, which purports to end the income tax and rely solely on a consumption tax, which would be an add-on to state and local sales taxes. Speaker of the House Kevin McCarthy, R-Calif., speaks during a news conference in Statuary Hall at the Capitol in Washington, Thursday, Jan. 12, 2023. The White House is yelling the FairTax will put us imposing another sales tax on middle-class people and that you you're in favor of that.No. All he did was introduce a bill. For a bill to get to the floor, it would have to pass the committee.
Democrats have increased spending and borrowing somewhere between $5 and 6 trillion dollars, as the total debt has jumped to over $31 trillion.
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