Read the story here. Advertise at Before It's News here.
Profile image
By Tim Scott for Congress (Reporter)
Contributor profile | More stories
Story Views
Last hour:
Last 24 hours:

Tim Scott: ‘Build Back Better’ Plan Will Wreck US Economic System

% of readers think this story is Fact. Add your two cents.

Sen. Tim Scott, R-S.C., is warning President Joe Biden’s “Build Back Better” plan will “kill the goose that laid the golden eggs” — and wreck the nation’s economic system.

In remarks on Fox News’ “Life, Liberty & Levin” to air Sunday, Scott said Democrats didn’t get a mandate from voters in 2020 to enact a transformation of the American socioeconomic system.

“We have no idea, except for what we read in the newspapers… what’s actually happening behind closed doors. It’s like those old days of smoke-filled rooms in the middle of the night,” Scott lamented.

“The deals are being cut, the American people are left out and the entire Republican Party, representing half of the votes in the Senate, literally relegated to the sidelines with no ability to actually have an input.”

“There are no committees that are meeting and talking about the greatest transformation in a negative way of the greatest economic system ever known to man literally behind closed doors… A one-way ticket to socialism,” he added.

Scott, the first Black Republican from the South elected to the Senate since the 1870s, pointed out he’s an example of the current system’s success.

“This system that has allowed the poorest kids in this country to become some of the wealthiest kids; to allow for kids like me who nearly failed out of school to one day become a United States senator. It’s because our system works,” he said. “Sure, we can make it better, but this is not making it better.”

Scott called out the Democrats’ plan to tax unrealized gains, arguing it doesn’t only hurt the wealthy as its advocates claim.

“Part of their strategy right now is not only to increase the tax rates but to find new ways to generate revenue from revenue that is not [in] your account yet,” he said

“That is something that is not just problematic. That is something that actually discourages the system itself.”

“[E]very American who sells a house or sells a business that is a once in a lifetime transaction. To be double taxed on that is wrong,” he said.

“But to take it from 23% now to 43% or to 30%, those earned 7-point increases or a 20 point increase – that is a 100% tax increase. We can’t afford it,” he asserted, adding: “We can’t kill the goose that lays the golden eggs. And this administration is antithetical to all things free enterprise, hoping for liberty and justice for all.”

“That is not what you’re seeing,” he charged. “They’re embedding discrimination in the middle of their economic platforms in ways we’ve never even seen before in our country.”

Sens. Charles Schumer, D-N.Y., and Joe Manchin, D-W.Va., were continuing talks with Biden in Delaware Sunday amid a scramble by Democrats to reach agreement on social spending legislation.

Biden met at the White House on Friday with House Speaker Nancy Pelosi, and Schumer joined by video call from New York.

The leaders have been working with party moderates and progressives to shrink the once-$3.5 trillion, 10-year “Build Back Better” package to around $2 trillion in child care, health care and clean energy programs.

The post Tim Scott: ‘Build Back Better’ Plan Will Wreck US Economic System appeared first on Tim Scott.


Before It’s News® is a community of individuals who report on what’s going on around them, from all around the world.

Anyone can join.
Anyone can contribute.
Anyone can become informed about their world.

"United We Stand" Click Here To Create Your Personal Citizen Journalist Account Today, Be Sure To Invite Your Friends.

Please Help Support BeforeitsNews by trying our Natural Health Products below!

Order by Phone at 888-809-8385 or online at M - F 9am to 5pm EST

Order by Phone at 866-388-7003 or online at M - F 9am to 5pm EST

Order by Phone at 866-388-7003 or online at M - F 9am to 5pm EST

Humic & Fulvic Trace Minerals Complex - Nature's most important supplement! Vivid Dreams again!

HNEX HydroNano EXtracellular Water - Improve immune system health and reduce inflammation.

Ultimate Clinical Potency Curcumin - Natural pain relief, reduce inflammation and so much more.

MitoCopper - Bioavailable Copper destroys pathogens and gives you more energy. (See Blood Video)

Oxy Powder - Natural Colon Cleanser!  Cleans out toxic buildup with oxygen!

Nascent Iodine - Promotes detoxification, mental focus and thyroid health.

Smart Meter Cover -  Reduces Smart Meter radiation by 96%! (See Video).

Report abuse


    Your Comments
    Question   Razz  Sad   Evil  Exclaim  Smile  Redface  Biggrin  Surprised  Eek   Confused   Cool  LOL   Mad   Twisted  Rolleyes   Wink  Idea  Arrow  Neutral  Cry   Mr. Green

    Load more ...




    Email this story
    Email this story

    If you really want to ban this commenter, please write down the reason:

    If you really want to disable all recommended stories, click on OK button. After that, you will be redirect to your options page.