The millionaire former Wall Streeter teed off on the tax policy measures
PENNSYLVANIA — Senator Pat Toomey opposes plans to reduce the deficit, make billionaires pay their fair share and improve public safety as laid out in President Joe Biden’s new budget proposal, per reporting from the Pennsylvania Capital-Star.
Toomey called the budget proposal—which funds law enforcement, reduces the deficit by more than $1 trillion over the next decade, invests in safety at home and abroad, cuts costs for families, and ensures billionaires and the wealthiest .01% pay their fair share—radical, and then proceeded to defend corporations using profits to repurchase stocks to line executives’ pockets. While Toomey stands up for the wealthiest and the GOP pushes a plan to raise taxes on over 35% of Pennsylvanians, President Biden is focused on delivering for families across the commonwealth.
The president’s budget that Toomey and his fellow Pennsylvania Republicans oppose would:
- Reduce the deficit by more than $1 trillion over the next decade.
- Impose a Billionaire Minimum Income Tax, ensuring that the wealthiest pay their fair share without raising taxes on the rest of us.
- Put more cops on the beat for community policing, fighting gun crime, and investing in crime prevention and community violence interventions.
- Make one of the largest investments ever in our national security, strengthening our military and leveraging our renewed strength at home to meet pressing global challenges.
- Cut costs for families and advance the president’s bipartisan Unity Agenda.
- And more.
Republicans like Toomey have a choice: Do they want to protect tax cuts for billionaires while forcing their tax hike agenda on working Pennsylvanians? Or do they want to join President Biden in strengthening safety, investing in the middle class and reducing the deficit?
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