Kevin Brady: “So America, the results are in, and now we know it was all nonsense, just nonsense. The claim that this costs zero and…”

“So America, the results are in, and now we know it was all nonsense, just nonsense. The claim that this costs zero and reduces the national debt? Nonsense. This bill, even counting the budget gimmicks, is several hundred billion dollars short today, and the independent Committee for a Responsible Federal Budget says over 10 years it is closer to $3 trillion in national debt. It won't tax the middle class? Nonsense. The Joint Committee on Taxation and the liberal Tax Policy Center both confirm that up to one-third of middle-class Americans will see a tax increase starting next year. This will make the wealthy pay their fair share? More nonsense. Two out of three millionaires in America will see a huge tax cut in this bill. And this will reduce inflation? Nonsense. Even the President's own favorite analyst, Moody's, admits that Americans ought to brace for higher prices for the next decade because of this bill and the infrastructure bill and the COVID stimulus bill. But there is more than just nonsense in this bill. There are dangerous provisions dealing with the IRS. Mr. Speaker, at the appropriate time I will offer a motion to recommit the bill to the Budget Committee. I will also ask to include the text of an amendment in the Record that I would have offered had the rules allowed me to offer instructions with my motion to recommit. And my amendment is simple.…”