Deb Fischer: “while we haven't yet seen any bill text for this reckless tax-and-spending bill, we have seen or we have heard an…”

“while we haven't yet seen any bill text for this reckless tax-and-spending bill, we have seen or we have heard an outline of it, some chatter about it, snippets about it--about what is in this reconciliation bill. So, Madam President, let me state the obvious: Billions of dollars in reckless spending and major tax hikes--they will not solve the economic crisis our Nation finds itself in. Yet, somehow, this concoction of truly terrible economic policies is exactly what my colleagues on the Democratic side are pursuing. Let's start with the tax hikes. In the Schumer-Manchin bill, they have proposed imposing a corporate minimum tax on those big, bad corporations. Well, 50 percent of this change would be borne by the manufacturing industry--an industry that both Republicans and Democrats have been trying to grow. We have been trying to grow that, not harm it with bad policies. Manufacturers are already struggling to navigate inflation and supply chain crisis, but this bill will punish manufacturers, and there is no question that this would hurt the middle class by raising prices and lowering wages. At a time of historic inflation, manufacturers will have no choice but to pass on higher prices to the consumer. That is just one part of it. Democrats say the rich should pay their fair share. OK, let's look at that.…”