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CT GOP Says Biden’s Better Build-Back Plan Will Harm The Economy – NBC Connecticut

President Biden partially visited Connecticut on Friday to try to save his Build Back Better proposal. Connecticut Republicans say the state and the country cannot afford this.

“It is paid for in tax increases and they are not wealthy tax increases as wealthy people define. It’s tax hikes for families who make over $ 50,000 a year, “said Ben Proto, the chairman of the Connecticut Republican Party.

Proto says Connecticut would pay the price if that $ 3.5 trillion package gets through.

“Now they want to put another $ 3.5 trillion on the taxpayers’ backs, and since Connecticut is the highest taxed state in the country, where is the money going to come from?” Proto asks.

Biden was at the Capitol Child Development Center in Hartford to highlight the part of the bill that would guarantee parents would not pay more than 7% of their income for childcare.

President Joe Biden is in Connecticut and was stopped by the Capitol Child Development Center in Hartford to speak about his Build Back Better Agenda.

“Washington, DC and Hartford have really lost sight of what it means for working women and men just to try and pay the bills,” says Proto.

Democrats argue that it will help working families and not increase inflation because it will be paid for with an increase in taxes for businesses and those who make more than $ 400,000 a year.

We met Senator Chris Murphy on his annual state walk on Thursday.

“The Build Back Better plan will not increase inflation because we will pay for everything. Inflation rises when you spend deficits, but we don’t intend to borrow to pay for those investments. We’re going to raise taxes on billionaires and businesses. It won’t cost anything because we’re going to pay for it, ”Murphy said.

“You don’t get paid for something when you have to take someone else’s money to actually pay for it,” said Carol Platt Liebau, president of the Yankee Institute.

Liebau says it’s basic economics.

“If you put more money into the economy and spend a lot more government spending, the inflation that is hurting the Connecticut people will get worse right now,” says Liebau.

What does this mean for the average person?

“That means they end up making terrible choices between buying milk, buying gasoline, and buying toys for their children for Christmas. “, Says Liebau.

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