On the recordNovember 18, 2021
Mr. Speaker, I thank my colleague from Texas for his leadership and for yielding time. Mr. Speaker, we are facing in America crisis after crisis after crisis created by President Biden's policies. Just look at some of the crises we are facing: There is an inflation crisis that has probably the worst effect on lower- and middle-income families. They are paying 50 percent more for gas. They are paying more for everything they buy at the grocery store. This Thanksgiving is expected to be the most expensive ever because of President Biden's radical agenda and all the spending, the trillions in spending that has already been done. So what is the answer of this majority? To raise more taxes, to spend trillions more dollars, jacking up inflation even higher. And who is it to benefit? Let's look at the Joint Committee on Taxation who just came out with an assessment of this. You know who benefits the most in this bill? The largest decreases go to those making a million dollars or more. That is right. The largest tax cuts go to the multimillionaires. Do you know who gets the smallest tax cuts? The smallest goes to those making $40,000 to $50,000. They get the least amount. And where are they paying for it? They are paying for it in a natural gas tax. Everybody who uses natural gas to heat their home this winter is going to be paying about 30 percent more. For what? To give tax breaks to millionaires in five States. And don't just take the Joint Committee on Taxation's word for it.…





