Kevin Brady: “I am prepared to close. Madam Speaker, I yield myself the balance of my time. Madam Speaker, we meet today to consider…”

“I am prepared to close. Madam Speaker, I yield myself the balance of my time. Madam Speaker, we meet today to consider the largest spending bill in American history, a bill that no one has read, adds hundreds of billions to the deficit, was written in secret, and rushed to the floor to hide it from the American people. We have now the official costs, and the results are in. The claim by the President this costs zero and will reduce the national deficit is just simply untrue. According to the Congressional Budget Office, even counting the budget gimmicks, this bill adds hundreds of billions of dollars to the national debt and a more true accounting by the Committee for a Responsible Federal Budget estimates this could drive national deficits by $3 trillion over the next 10 years. The claim that this will not raise taxes on the middle class is simply false. One out of three Americans in the middle class will see a tax hike starting next year. The claim that this will make the wealthy pay their fair share is false as well. In this bill, coming out of COVID, two out of three millionaires in America will get a massive tax cut. And the claim that this will reduce inflation is not true as well. Even according to the White House's own favored analyst, the spending in this bill will drive up inflation for families, higher and longer, for at least a decade. The Build Back Better's crippling tax hikes will kill American jobs, drive many of them overseas.…”