Democrats Who Created Inflation and Recession Want Giant Job-Killing Tax Hikes
‘Democrats say all these historic tax hikes are their answer to the inflation they themselves caused… Democrats are seeing American families the worst inflation in 40 years… and raising them job-killing tax hikes and a war on American electricity. Our colleagues across the aisle have already completely lost Americans’ trust on the economy, before this reckless taxing and spending spree. Apparently they want to see how much farther they can fall.’
WASHINGTON, D.C. – U.S. Senate Republican Leader Mitch McConnell (R-KY) delivered the following remarks today on the Senate floor regarding tax hikes and inflation:
“Minutes ago, new data confirmed what a supermajority of Americans already knew: Democrats have plunged America into a recession.
“According to official statistics, the U.S. economy just shrank for the second consecutive quarter. Democrats inherited an economy that was primed for an historic comeback and promptly ran it straight into the ground.
“Of course, working families didn’t need any experts or statistics to tell them today’s Democratic Party is a walking, talking economic disaster. Democrats’ failures are causing working families deep personal pain on a daily basis.
“Americans know Democrats can’t be trusted. They know it every time they fill their gas tank. Every time they check out at the supermarket. Every time parents stay up late at their kitchen table trying to figure out which bills they can afford to pay this month.
“Because Democrats spent us into inflation, 90 million American households say they’re having a hard time meeting expenses.
“The average household in this country is having to pay an extra $5,300 and climbing every year just to tread water. Democrats’ inflation is stealing more than $5,000 from the average family per year. And like a supermajority of Americans already knew before this morning, it has driven our country into recession.
“A few years back, our colleague the senior Senator for West Virginia said, ‘I don’t think [that] during a time of recession, you mess with any of the taxes, or increase any taxes.’
“But yesterday, Washington Democrats announced they plan to do exactly that.
“The Democrats who’ve robbed American families once with inflation now want to rob the country a second time through gigantic job-killing tax hikes.
“Apparently our Democratic colleagues do not want to be responsible for just skyrocketing prices alone. They want Americans to be faced with skyrocketing prices and higher taxes and fewer jobs, all at the same time.
“Democrats have outlined a giant package of huge new job-killing tax hikes, Green New Deal craziness that will kill American energy, and prescription drug socialism that will leave us with fewer new life-saving medicines.
“A reckless taxing and spending spree that will delight the far left and hammer working families even harder.
“Democrats are going all in on a multi-hundred-billion-dollar tax hike on American jobs that experts called the single most economically damaging part of their entire BBB plan from last year. Years of research show the burden would be overwhelmingly passed down to workers. This one tax hike alone would kill tens of thousands of American jobs.
“Democrats aren’t sticking it to the fat cats. They’re sticking it to the same middle-class families they’ve already crushed with inflation.
“So Democrats want to respond to their inflation crisis by killing jobs. They also want to respond to a global energy crisis by attacking American natural gas. This reckless taxing and spending spree includes a massive new tax on American natural gas, our country’s single largest source of electricity.
“When you tax something, you get less of it, and Democrats want new taxes on American natural gas wells, new taxes on American pipelines, and new taxes on American LNG exporting.
“Higher electricity bills in the summer; higher heating bills in the winter; less reliable energy for our country; and less American energy exported to our allies abroad. Doubling down on inflation.
“I’ve only scratched the surface of all the ways Democrats want to pick Americans’ pockets. They want to pour new funding into IRS agents so Americans end up with more audits. IRS agents get new computers and smartphones so that American small businesses get more audits.
“Democrats also want to drain money out of medical innovation and leave terminally ill Americans with fewer new treatments and cures as a result. The experts say this big government money-grab will literally cost Americans their lives.
“Remember, Democrats say all these historic tax hikes are their answer to the inflation they themselves caused.
“Did you hear that, America? Democrats’ answer to hurting you once is to hurt you again. Democrats say the response to Democrat inflation is Democrat tax hikes.
“It wasn’t enough that Democrats have already destroyed your family’s purchasing power. Now they want to kill your job and tax your electricity, too.
“The natural next question is: What do Democrats want to do with all this money?
“What spending spree that Democrats want so badly that they’ll raise taxes in the midst of a recession?
“Here’s the answer: Green New Deal nonsense and goodies for rich coastal elites.
“They want these job-killing tax hikes so they can spend tens of billions of dollars on slush funds for ‘green banks’ and ‘environmental justice.’
“They want job-killing tax hikes so they can finance new handouts for wealthy households earning up to $300,000 a year to buy an $80,000 electric car.
“Democrats want to subsidize rich people buying electric cars that cost more than the median American household earns in an entire year.
“Democrats want to tax American natural gas, they want to tax your electricity, so they can spend billions making solar and wind power look artificially ready for prime time when they are not.
“Billions of dollars so Democrats can meddle in what kind of car you drive, what kind of stove, hot water heater, or clothes dryer you can afford, and how you’re allowed to heat your house.
“This is the nonsense that Democrats are focused on. Not helping you put gas in your car. Not helping you afford your groceries. They want to use the middle-class economic crisis they created as an excuse to raise your taxes and ram through their Green New Deal nonsense.
“All of this liberal waste — with no proof that any of it would lead to a meaningful reduction in global emissions, much less global temperatures. America has already been reducing our emissions considerably over the last 15 to 20 years.
“Countries like China have just kept on emitting more and more, totally washing out our reductions and then some. Democrats want to forcibly reengineer our entire economy out from under working Americans’ feet while China just keeps on emitting more and more.
“Democrats are seeing American families the worst inflation in 40 years… and raising them job-killing tax hikes and a war on American electricity.
“Our colleagues across the aisle have already completely lost Americans’ trust on the economy, before this reckless taxing and spending spree. Apparently they want to see how much farther they can fall.”
Related Issues: Energy, Inflation, IRS, Taxes, Democrats' Reckless Taxing And Spending Spree, Jobs, Green New Deal, Middle Class, Economy, China, Senate Democrats