Kevin Brady: “A year ago, we met to consider another disastrous version of this bill. Since then, American families and Main Street…”

“A year ago, we met to consider another disastrous version of this bill. Since then, American families and Main Street businesses have been facing and continue to face historic inflation and, now, a recession. This bill is a hoax on the American people. Americans who are suffering the most in President Biden's cruel economy will soon know this firsthand. They will know it because inflation will get worse, according to the Penn Wharton School of Business analysis. Parents sitting up at night will notice higher taxes, fewer jobs, and lower wages as they pay for the vast majority of any new revenue collected under this bill, according to Congress' own nonpartisan scorekeeper. A middle-income single mom with two kids who runs her own business will know it when she comes home from Walmart and finds a letter from the IRS telling her she is under audit. Seniors and loved ones with life-threatening illnesses will arrive at the pharmacy counter and break into a sweat when they see they cannot afford their medicine. Families with loved ones newly diagnosed with Alzheimer's, or cancer, or ALS, and desperately seeking treatment will wonder whether the cure for their disease will ever come. The wealthiest and the biggest foreign-owned corporations will do just fine. They are getting hundreds of billions of dollars of government handouts under this bill. After all, they get the government checks paid for by the middle-class taxpayers who are getting squeezed.…”