Republican senators have warned Democrats will “pay the price” for passing the $700 billion “inflation cut.”
On Sunday, the Democrat-controlled Senate approved the massive spending package, which reportedly aims to reduce the deficit and curb inflation while “expanding increased Obamacare subsidies, spending more than $300 billion on climate change programs and Medicare.” can negotiate the price of drugs,” according to Breitbart News.
The bill was passed along party lines after moderate Senator Joe Manchin (D-WV) struck a deal with President Joe Biden after months of resistance. Vice President Kamala Harris provided the decisive vote.
In a statement following the vote, the Republican National Committee chairman said Democrats will face repercussions in the midterm elections in November.
“Democrats will pay the price in November for raising taxes on families during a recession,” McDaniel told Breitbart News.
Similarly, Senator Ted Cruz (R-TX) said the Democrats were essentially looking after their “radical left base at the expense of middle-class Americans.”
sen. Charles Schumer (D-NY) passes Senator Joe Manchin (D-WV) as Manchin speaks on the phone outside the room where Democrats met for their weekly policy lunch at the US Capitol on November 13, 2014 in Washington, DC. (Photo by Win McNamee/Getty Images)
“The Schumer-Manchin law will drive inflation and prices, pressure small businesses and U.S. industry, raise the price of gas and weigh the IRS on Americans, while raising taxes on Americans in nearly every tax bracket, including those who have less. than $400,000 a year,” Cruz said in a statement.
sen. John Kennedy (R-LA) called the bill a “special kind of stupid” in a statement on Twitter.
“It’s a special kind of stupidity to raise taxes during both recession and inflation — that’s called stagflation, which we have now as a result of President Biden’s policies,” Kennedy tweeted.
It’s a special kind of stupidity to raise taxes during both a recession and inflation – that’s called stagflation, which we now have as a result of President Biden’s policies. pic.twitter.com/VND3V58JuD
— John Kennedy (@SenJohnKennedy) August 7, 2022
“The Democrats’ reckless tax and spending plan includes nearly $370 billion to fund the Green New Deal, $64 billion for Obamacare, and hundreds of billions in new taxes on US corporations and manufacturers,” tweeted Senator Marsha Blackburn (R-TN) .
“The spending wave also includes $80 billion to double the number of IRS agents — giving practically every American a personalized tax auditor. We should be cutting taxes, not increasing them,” she added. “It’s a shame that the Senate Democrats have pushed through a socialist agenda that will make life harder and more expensive for the people of Tennessee.”
The Democrats’ reckless tax and spending plan includes nearly $370 billion to fund the Green New Deal, $64 billion for Obamacare, and hundreds of billions in new taxes on American companies and manufacturers.
— Sen. Marsha Blackburn (@MarshaBlackburn) August 7, 2022
It’s a shame that Senate Democrats have enacted a socialist agenda that will make life harder and more expensive for Tennessee residents.
— Sen. Marsha Blackburn (@MarshaBlackburn) August 7, 2022
The House Freedom Caucus was equally alarmed by the bill’s approval, calling it a “bonanza of spending” for Democrats to enact a socialist Green New Deal across the country as Americans face radical inflation. .
“A large number of impartial experts all agree that this legislation will not reduce inflation, and many predict it will have the opposite effect,” the caucus said. “Worse, this bill not only puts $369 billion in benefits to special climate change interest groups, but it also puts it on the backs of US taxpayers.”
“To fund their socialist agenda, Democrats are increasing the Internal Revenue Service by $80 billion (six times the agency’s annual budget) to create an army of 87,000 new enforcement agents to attack Americans with as many as a million additional audits per year on taxpayers’ income less than $200,000 — the same middle class that suffers most from Bidenomics’ skyrocketing inflation,” it added.