“The American people are sick and tired of runaway government promises of how excessive spending, tax increases, and Green New Deal “investments” would make their lives better and reduce inflation. This bill raises taxes on the American people, adds 87,000 new IRS agents, and appropriates over half a trillion dollars in new government spending at a time when the economy lurches into a spending-induced recession. “The Inflation Reduction Act,” which I voted against today, should be more aptly named “The Recession Extension Act.”
Small businesses, families, and our seniors are suffering from 40-year high inflation and high energy prices due to the excessive spending and anti-energy policies of the Biden administration and Democrats in Congress. Instead of continuing failed tax and spend policies, Congress should be reining in spending and ending the regulatory onslaught on American energy producers.
The non-partisan Penn Wharton Budget Model found that this legislation would have “no measurable effect on inflation.” It’s time for us to slam the brakes on this spending spree and engage in pro-growth economic policies that will reduce inflation. Biden and my Democrat colleagues need to put down their shovels and stop digging this economic ditch and sticking the American people with the price tag before it is too late.”
Link to Congressman Meuser’s floor speech: https://twitter.com/RepMeuser/status/1558199406888984576?s=20&t=Xzr9-ZKltDHyaa-OsfHsrQ
Original source can be found here.
