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WASHINGTON – U.S. Senator Kevin Cramer (R-ND), a member of the Senate Banking, Budget, and Armed Services committees, joined David Asman on Fox Business this afternoon to discuss President Biden’s expected budget proposal, the Nord Stream 2 pipeline, and ongoing infrastructure negotiations between Senate Republicans and the White House. 

On the Biden Economy:

“We're hearing about a $6 trillion budget being presented by the president. Here is the issue, what would motivate him, I think, is the prospect of hyper-inflation. The fact [is] that the first $2 trillion they jammed down our throats created a move toward inflation and an increase in commodity prices. I can't imagine why any president under his watch would, on purpose try to stoke the flames of inflation even greater. That will lead no doubt to increased interest rates, and he wants to increase taxes at the same time. I can't think of a worst economic nightmare.”

“For those people that want to live in the bubble in the White House and pretend somehow the American public isn’t going to notice, they need to get out more. We hear it all the time. … This has real life consequences. They ought to start pay attention.” 

“Anytime you raise taxes you reduce revenue. You might have a short-term spike in income, but clearly people respond to that, clearly investment responds to that. There is just no way. In fact, to your point, when we had the largest tax cut in American history we created the greatest economy in recent history.”

On Nord Stream 2:

“Two weeks after Vladmir Putin's friends in the Russian mafia shut down an American people line, Joe Biden rewards him by giving the green light to his pipeline. What's crazy about that, David, is natural gas produced in Russia and shipped via pipeline to Europe – right into the heart of NATO by the way – has a 40% greater greenhouse gas emissions footprint than does liquefied gas from the United States.”

“At the same time, they're negotiating with Iran about maybe lifting the sanctions on their oil exports. So they shut down our industry and build up Iran's and Russia’s. They might as well have Venezuela oil come back and replace the oil sands from Canada. It’s all nonsensical. It is bad for the economy, it's bad for national security, and it's bad for the environment. Other than that, it’s a swell idea.”

On Infrastructure:

“This is the plea I would make, and I made this to Secretary Granholm last week. If you want to get well over a trillion dollars in infrastructure, unleash the private sector ... You don't need to spend federal taxpayer dollars on it. Just unleash the private sector. You will have all the infrastructure you need.”

“I don't know how you can have bipartisan discussion with nonstarters. Nonstarters mean you don’t start a discussion. Exactly what we ought to do is repurpose existing appropriations.”

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