Today, Congressman David Kustoff (TN-08) voted against the Democrats' radical spending bill, the Inflation Reduction Act, which is really the Inflation Expansion Act. During a speech on the floor of the House of Representatives, Congressman Kustoff highlighted how the package will raise taxes, unleash 87,000 new Internal Revenue Service (IRS) agents, and worsen inflation.

Click here to watch Congressman Kustoff's full speech or read as prepared below:

Madam Speaker,

I rise today in strong opposition to what the Democrats’ call the Inflation Reduction Act, which is really the Inflation Expansion Act.

Americans are grappling with an economy in recession and the highest inflation that we have seen in 40 years. We are experiencing worker shortages, empty grocery shelves, and higher energy prices.

Now, Congressional Democrats are doubling down on this out-of-control spending that led to this economic crisis.

This package that we are voting on today will:

Raise taxes on hardworking, middle-class families,

Authorize 87,000 new IRS agents to target individuals and small businesses,

Reduce lifesaving health care innovation by allowing the government to impose price controls on drugs,

Hurt energy producers, and

Certainly worsen inflation.

I am voting against this fundamentally flawed and defective package because families, farmers, and small businesses across West Tennessee and across the nation need real solutions to these problems, not more taxes and not more government spending. 

Original source can be found here.