GOP Rep. Barr Warns of Recession if Big, Beautiful Bill Fails
Share this @internewscast.com

During an appearance on Thursday’s “Mornings with Maria” on Fox Business Network, Rep. Andy Barr (R-KY) said there could be consequences if the so-called big, beautiful spending bill fails to pass.

The Kentucky congressman said allowing tax cuts to expire would be a “disaster for the economy.”

“I mean, congressman, part of the issue is all that money that went out the door around COVID, maybe overboard, too much money,” host Maria Bartiromo said. “I mean, you just mentioned the rescissions package, the final vote today on codifying the nearly $8.5 billion in DOGE cuts. But, that’s $9.5 billion. We’re talking about $7 trillion in spending under the Biden years. Is there any way you see — is there a path to get back to pre-COVID spending, in your view, in the coming 10 years?”

“Well, I think there is,” Barr replied. “And I applaud Rand [Paul] for trying to rein in spending. We need to rein in spending. If the Senate can give us more spending cuts, great. But, here is the bottom line, Maria. If we don’t pass the one big, beautiful bill, the American people are looking at a $4.5 trillion tax increase. That is a recession. A recession is the last thing we need in order to balance the budget. You can’t balance the budget if we go into a recession. So, the average family that makes $60,000 a year in Kentucky would see a $1,200 tax hike. That is a recipe for disaster for the economy.”

He continued, “The way to get out of our debt and deficit crisis right now is, yes, fiscal discipline, spending cuts, like we’re voting on today, but also massive economic growth and raising taxes on the American people. The way that the Democrats want to do is a massive mistake. That’s what will give us not only a recession, but also more debt.”

Follow Jeff Poor on X @jeff_poor

Share this @internewscast.com
You May Also Like

Details from Hulk Hogan’s Official Death Certificate Released

Hulk Hogan’s official death certificate went public Friday, eight days after the…

Unexpected Incident Leads to Partial Closure of Disney World Theme Park

Visitors at Disney World were surprised on Thursday morning upon arriving at…

DailyMail+ Reveals Key Figure in Trump’s Inner Circle

Cabinet secretaries, Oval Office advisors, and Mar-a-Lago confidants face a daily challenge…

Massive Compensation Awarded to Victims of Autonomous Tesla Accident

A jury in Miami has concluded that Tesla shares some responsibility for…

Fuel Theft Bust in Mexico Allegedly Tied to Prominent Leaders of the Ruling Party

Mexican officials are making efforts to shield high-ranking political figures in the…

Country Star Conner Smith Opens Up About ‘Dark Moments’ Following Fatal Crash

Country star Conner Smith has admitted to enduring ‘dark moments’ since his fatal…

I’m a Commercial Pilot: Why Turbulence in the Skies is on the Rise

Veteran British Airways pilot Alastair Rosenschein remembers his most harrowing brush with…

Guess the Identity of This 80s Blockbuster Star at 69!

An actor who starred in a string of iconic 1980s blockbusters was…

Following provocations, Trump sends two U.S. nuclear submarines close to Russia

President Donald Trump declared that he had instructed the deployment of two…

Outbreak of Devastating Disease Tied to Secretive Island Facility

On a small dot of land just a mile from the coast…

Kim Cattrall Posts Mysterious Message Following the Cancellation of And Just Like That

Kim Cattrall shared a post on Friday that fans took to be…

Montana city in lockdown following shooting spree leaves four dead and suspect at large

A Montana city is on lockdown after four people were killed in a…