Fox News host Chris Wallace challenged Republican Sen. Roy Blunt (R-MO) on Sunday over the Republican Party opposition to President Biden’s infrastructure plan by citing the national debt.
“We’re talking about raising the corporate tax rate from 21% to 28%. When President Trump came in it was 35 so it’s still a tax cut from where it was in 2017,” Wallace explained. “They’re going to say you’re protecting the fat cats and putting it all on the backs of the working class?”
Blunt defended the tax cuts saying it resulted in the economy “growing in a dynamic and dramatic way” and more businesses remain in the country instead of moving overseas.
Wallace displayed graphics indicating that the national debt grew by $3 trillion under Donald Trump before the pandemic while cutting taxes by $1.5 trillion.
“When I hear, for instance, Mitch McConnell talking about, ‘Well, debt and deficits,’ hasn’t the Republican Party, haven’t you lost your credibility on this issue?”
“I don’t think anybody has a very good record,” Blunt responded.