Madam Speaker, I thank my friend for yielding. Madam Speaker, the 2,000-plus-page bill before us today has countless provisions that are going to substantially increase the debt, incentivize even more people not to work, and hike the taxes of the very ones who create the jobs. It levies more than $400 billion in tax hikes on small businesses, and it includes a $1.2 trillion Made in America tax plan that is going to do nothing but send jobs overseas. It spends nearly $80 billion so the IRS can go after the average taxpayer and snoop around his bank account. It eliminates work requirements for welfare when, in fact, we have 10.4 million jobs available. It prevents lifesaving drugs from coming to market and disincentivizes the innovation necessary to discover cures. It hinders domestic energy production and even imposes a tax on natural gas. Should this monstrosity become law, it will hurt the economy, drive up the debt, and increase inflation even more--all of which means the standard of living of each and every American is going to decline.
On the recordNovember 18, 2021
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