Pelosi & Company Are Trying To Erase All Of Trump’s Economic Gains, GOP Leader Says

House Minority Leader Kevin McCarthy is speaking out against the Democratic majority in his chamber after they voted to legally require a $15/hour minimum wage.

McCarthy accused his Democratic colleagues of wanting to erase all the economic success that President Trump has achieved over the last three years.

“Democrats are dead set on erasing all the economic gains that America has made under President Trump,” McCarthy tweeted.

Writing in a Daily Signal op-ed, McCarthy continued:

Over the last 18 months, the American economy has grown at a record-breaking rate, and the results have had a far-reaching positive impact on communities nationwide.

Since January 2017, 5.6 million jobs have been created with the help of Republican-led tax reform, deregulation, and other pro-growth reforms. The unemployment rate is near a 50-year low with 224,000 jobs added to the economy last month, surpassing economists’ expectations.

Our nation is in the midst of enjoying the best economy we have seen in a generation.

“These results did not occur by accident,” he added, confirming Trump and conservative policymaker’s role is passing pro-business tax cuts and removing burdensome regulations.

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“But our economic progress can, and will, be overturned if Congress tries to control the economy from within its bubble in Washington, D.C., as Democrats are attempting to do today,” he warned.

The California Republican said the new minimum wage legislation is “misguided,” “backward-looking” and imposes a “one-size-fits-all policy on the American people.”

Its pending result, should it ever be signed into law (nearly impossible under a Republican-controlled Senate and with President Trump in the White House), could be the loss of as many as 3.7 million jobs, the nonpartisan Congressional Budget Office determined.

Here’s more from McCarthy, via the Daily Signal:

According to the study, a $15 minimum wage could lead to the loss of as many as 3.7 million jobs. Those losses would fall disproportionately on entry-level workers. Younger workers could account for 46% of the job losses.

This disastrous policy would also hurt our working families. About 42% of families with a minimum-wage earner would see a net reduction to their family income. The same Congressional Budget Office report estimates that total real family income could be reduced by $9 billion. That means less money for things that matter: bills, essential expenses, or perhaps the occasional meal out.

Taking to Twitter, House Minority Whip Steve Scalise similarly argued that Pelosi and company were keeping themselves and their chamber busy with pushing anti-Trump legislation at the cost of not addressing the border crisis.

Check it out:


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