NEW ONESYou can now listen to Fox News articles!
Republicans on Sunday scorned Democrats for adopting a multi-billion dollar economic package, warning it would continue to haunt them in November’s midterm elections.
“Democrats will pay the price in November for raising taxes on families during a recession,” Republican National Committee (RNC) chair Ronna McDaniel said in a statement.
Her statement reflects Republicans’ criticism that the Inflation Reduction Act will do the opposite of its intended purpose.
In a statementsen. Ted Cruz, R-Texas, likened the bill to a “giveaway to Democrats’ radical left base at the expense of middle-class Americans.”
EXHAUSTED BERNIE SANDERS ‘MORE IRRITABLE THAN USUAL’ AFTER PROPOSALS KEEP DYING WITH NEARLY NO SUPPORT
“The Schumer-Manchin bill will drive inflation and prices, pressure small businesses and U.S. industry, raise gas prices and weigh the IRS on Americans, while raising taxes for Americans in nearly every tax bracket, including those making less than $400,000 a year,” Cruz said in a statement.
sen. John Kennedy, R-La., called raising taxes during both a recession and inflation “a special kind of stupidity.”
“[T]That’s called stagflation, which we now have as a result of President Biden’s policies,” Kennedy tweeted.
sen. Marsha Blackburn, R-Tenn., also admonished Democrats for passing a bill during a recession and when inflation is 41 years high.
“We should be lowering taxes, not raising them,” Blackburn said in a Twitter thread. “It’s a shame that the Senate Democrats have enacted a socialist agenda that will make life harder and more expensive for the people of Tennessee.”
THE DEMOCRATS’ INFLATION REDUCE ACT IS ‘ECONOMIC MALPRACTICE’: ECONOMIST
Senate Leader Mitch McConnell accused Democrats of not worrying about the priorities of “middle-class families.”
“Democrats’ policies have wiped out the savings, stability and lifestyle that families have worked and sacrificed for years to build,” McConnell said in a statement. “The effect of this one-party government has been an economic attack on the American middle class.”
CLICK HERE TO GET THE FOX NEWS APP
Senate Democrats approved the $740 billion, 51-50 package, with Vice President Kamala Harris casting the casting vote after an all-night session. The House looks on track to give final congressional approval when it briefly returns from the summer recess on Friday.