April 30, 2021 | Press Release
Economy

Chairwoman McDaniel: Biden’s Plan Has A $6 Trillion Price Tag

Press Release

Chairwoman McDaniel: Biden’s Plan Has A $6 Trillion Price Tag 

MACCALLUM: How do Republicans from your party respond to what is being handed out here? It's a lot of goodies.
 
CHAIRWOMAN MCDANIEL: It is a lot of goodies and people don't realize the price tag. And that's our job to let them know, you know you're paying more at the pump right now because Joe Biden just removed our energy infrastructure. He didn't talk about jobs for those thousands of people that lost their jobs. You're going to be paying more and more as you go forward. It sounds great, but the price tag for Americans, people who have pensions, people who are in the stock market, if this Capital Gains Tax goes through, it will bankrupt this country. We'll be paying for this for generations to come. And I think it's interesting that they have child leave in there as infrastructure, Martha. Because what about the women who are losing jobs right now because they haven't gotten kids back to school? Biden made a promise that 100 days in our kids would be back to school. 50% of schools right now still don't have those kids back in. They want to give free two-year college at the community college level. What about the K-12 kids that are losing so much in education, that have lost through this pandemic. So, I think their priorities are wrong. And again the $6 trillion price tag, people are looking at the goodies and they don't realize how much it will cost them in the long run.
 
MACCALLUM: Yeah, you know when you look at -- you mentioned the paid family leave. It would be about $4,000 a month for three months or as high as $4,000. So that money would be coming from the government. But you think about the impact on businesses because the list of things that you could take that time off for, Ronna and I think about small business owners, you can take off three months from your job for a new child, an ill family member, to recover from a health issue, to deal with a family member’s military deployment, to recover from a serious illness, to address domestic violence, or take time off following the death of a loved one. I would imagine that there's going to be a lot of companies, Ronna, who are going to have somebody out on that family leave, probably a few employees, for a good chunk of the year if that is true.
 
CHAIRWOMAN MCDANIEL: Absolutely. I mean this is going to bankrupt small businesses. You know, we think of corporate America as this big giant monster that can take on these costs. But it’s really these small business owners who have been so hurt by the pandemic, to begin with. Restaurant owners who can't get people back to work right now because they’re getting more in unemployment benefits and the stimulus checks than they are making at work. You’ve got so many small businesses that have been decimated on top of women, by the way, who have lost 4.8 million jobs during this pandemic because they had to take off because of daycare issues. There's a simple fix. Get our kids back in school, get our economy open, and then a lot of these things will take care of themselves without government intervention and taxpayer dollars.