On the recordAugust 12, 2022
I thank the gentleman for yielding. Mr. Speaker, we know the real story. We know what happened a year and a half ago when the so-called American Rescue Plan was passed--40-year high inflation rates resulted. We see now what the result is from the Build Back Better plan that had no chance of passage in the Senate. This is the offspring of Build Back Better. Even Bernie Sanders, a socialist who can come up with a million flawed excuses to spend your tax dollars, says he can't find a way to even say this would reduce inflation one iota. We know that instead of fostering American energy independence, increasing purchasing power for the American family, and reducing inflation, this bill includes: $16.5 billion in higher taxes for those making less than $200,000 a year; $38 billion in new taxes on American oil and gas producers, which will be passed along to consumers in the form of even higher costs for heating homes and gas prices, and; $480 billion in tax hikes that will hit workers through slashed wages. Half the bill is Green New Deal climate change special interest funding, including taxpayer-funded subsidies on electric vehicle purchases, and; $80 billion to double the size of the IRS, creating an army of new enforcement agents. Mr. Speaker, I urge a ``no'' vote on this horrible legislation.
