Political Quotes

On the recordAugust 2, 2022
Madam President, Democrats dropped the latest version of their tax-and-spending spree last week. And like every previous version, this bill is a bad deal for the American people. So where should I start? Well, maybe with the bill's title. In true Orwellian style, Democrats are calling the bill the Inflation Reduction Act, even though the bill would do nothing to reduce inflation. And you don't have to take my word for it. The nonpartisan Penn Wharton Budget Model analyzed the bill and found that the bill would not reduce inflation. In fact, the analysis found that the Democrats' bill would contribute to inflation through 2024 and have no material impact on inflation in the long term. Inflation has hit working Americans hard. Their grocery bills have ballooned. Rents have skyrocketed. Filling up their cars costs 75 percent more per gallon than it did when the President took office. Their utility bills have increased. And the list goes on. Families are having to cut back on purchases and dig into their savings or pull out their credit cards--or in some cases, visit a food bank--to make ends meet. And what does Democrats' tax-and-spending spree do to help? Nothing. Americans are dealing with the worst inflation in more than 40 years, and Democrats' bill does nothing to help end our current crisis. So what does the bill do? Well, for one thing, it raises taxes. That is right.…
Said by
John Thune
Republican · South Dakota

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