Washington, DC—Today,U.S. Rep. John Rose (TN-6) voted “No” on Democrats’ so-called Inflation Reduction Act, which has now passed both chambers of Congress and heads to President Biden’s desk to be signed into law.
The so-called Inflation Reduction Act will:
- Cost $437 billion, $369 billion towards the so-called “green new deal”
- Raise corporate tax rates by as much as 15%
- Enact a 1% excise tax on stock buybacks
- Hire 87,000 new Internal Revenue Service (IRS) agents
“Amidst a spending-induced recession and record-breaking price increases for everything, Democrats doubled down on their disastrous policies by ramming through a bill that costs taxpayers hundreds of billions of dollars on a party-line vote that will only make matters worse. Without hesitation, I voted ‘No’ to show my support for the small businesses and Middle Tennesseans struggling in the economic environment created by one-party Democrat rule in Washington.”
U.S. Representative John Rose is currently serving his second term representing Tennessee's Sixth Congressional District and resides in Cookeville with his wife, Chelsea, and their two sons, Guy and Sam. The Sixth District includes Cannon, Clay, Coffee, Cumberland, DeKalb, Fentress, Jackson, Macon, Overton, Pickett, Putnam, Robertson, Smith, Sumner, Trousdale, White, and Wilson counties as well as portions of Cheatham and Van Buren counties. Representative Rose is an eighth-generation farmer, small business owner, and attorney, and currently serves on the House Financial Services Committee.
Original source can be found here.
