This will get the US economy growing, GOP lawmaker says

About this Video

• Video Title: This will get the US economy growing, GOP lawmaker says
• Channel: Fox Business
• Speakers: David, Congresswoman Beth Van Duyne
• Duration: 00:03:21

Introduction

This Fox Business interview discusses the possibility of GOP tax hikes and their potential economic impact. Congresswoman Beth Van Duyne refutes the idea, arguing that tax cuts stimulate economic growth by incentivizing businesses and increasing revenue.

Key Takeaways

• Tax cuts stimulate economic growth: Congresswoman Van Duyne asserts that lowering tax rates and providing incentives leads to increased revenue, citing the 2017 Tax Cuts and Jobs Act as an example.
• Opposition to tax increases: While acknowledging some Republicans are considering tax increases, Congresswoman Van Duyne states her opposition, highlighting the negative economic consequences.
• Focus on tax cuts and spending cuts: The Congresswoman emphasizes the importance of focusing on tax cuts to encourage economic growth, and the need to control government spending.
• Uncertainty and the need for assurance: Businesses are hesitant due to uncertainty surrounding tax policy and tariffs. They need assurance from Republicans that tax rates will be lowered.
• Ongoing work on a tax bill: Congresswoman Van Duyne mentions ongoing efforts within the Ways and Means committee to develop a comprehensive tax bill.