Central Montana Times

U.S. Senator Steve Daines strongly criticized Treasury Secretary Janet Yellen and the Biden administration's economic policies during a Senate Finance Committee hearing. Daines expressed his concerns about the detrimental effects of the administration's actions on American workers, companies, and families.

Daines began by pointing out the discrepancy between the administration's promises and actions, stating, "My observation has been that the Administration has a pattern of saying one thing and doing something else, and that’s creating harm for Montanans." He highlighted the impact of inflation on the average taxpayer and low-income earners, emphasizing the administration's failure to address the issue effectively.

The senator also criticized the administration's handling of interest rates, tax policies, and budget decisions. He accused President Biden of breaking promises regarding tax increases and corporate tax rates, which he believes will burden American families and workers. Daines raised concerns about the Inflation Reduction Act and its allocation of funds towards projects that he views as misguided priorities.

One of the key points of contention raised by Daines was the administration's involvement in OECD negotiations, which he described as a "complete dereliction of duty." He accused Yellen of bypassing Congress and making decisions that would harm U.S. businesses' competitiveness. Daines criticized the extraterritorial taxes proposed in the negotiations, arguing that they would benefit foreign governments at the expense of American companies.

In conclusion, Senator Daines condemned the Biden administration's economic policies as detrimental to the interests of American workers, companies, and families. He urged for a reevaluation of these policies to prioritize economic growth, stability, and job opportunities for Americans.