From FoxBusiness.com….
FOX Business host Larry Kudlow warned that the “awful” next big-ticket economic spending package “will damage growth in the next couple years.”
The former National Economic Council director warned that if passed, it will hurt the middle class, blue-collar workers, lower-income workers, and would make the United States far less competitive. He added that it will also “slaughter” energy, fossil fuels and small businesses.
Kudlow made the comments on “America’s Newsroom” as Democratic lawmakers are reportedly eyeing ways to bypass Republican votes on legislation for infrastructure, drug pricing and climate policy, about two weeks after passing a sweeping coronavirus relief package without any GOP support.
The Biden administration is laying the groundwork for another massive economic relief package, with senior Democratic officials proposing as much as $3 trillion in new spending on a jobs and infrastructure bill that would become the foundation of Biden’s “Build Back Better” program. Politico reported that Democrats are eager to fit what they can in the package, including new measures on drug pricing and climate policy.
