Congressman Smith Critiques Harris's Economic Policies

In a recent discussion, Congressman Jason Smith, chair of the House Ways and Means Committee, addressed Vice President Kamala Harris's proposals aimed at supporting small businesses amid soaring inflation and rising interest rates. He emphasized that the Biden-Harris administration's policies significantly harmed small business owners, asserting that regulatory measures totaling $1.4 trillion have made it increasingly difficult for them to thrive. Smith highlighted Harris's plans for a 'new opportunity economy' as misleading, suggesting her proposed $7 trillion tax increase and the expiration of previous tax cuts would burden small businesses, which comprise nearly 70% of the economy. He criticized the potential tax rates under her plan, stating they would exceed those in communist China, and pointed to the tight presidential race, comparing it to 2016. Smith concluded by pointing out his farming background in Missouri, where he raises registered beef cattle, bison, sheep, and donkeys, revealing a personal connection to the economic landscape he critiques.