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GOP vows Dems will ‘pay the price’ for shoving through $740B social spending, climate change bill

August 8, 2022 | | Print Article
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Senate Minority Leader Mitch McConnell and other leading Republicans tore into Democrats after they rammed through their $740 billion social spending package, warning that they will pay a price in November for raising taxes.

(Video Credit: WFAA)

“Democrats will pay the price in November for raising taxes on families during a recession,” Republican National Committee Chair Ronna McDaniel warned in a statement.

The catastrophic spending spree, laughingly called the Inflation Reduction Act, was narrowly passed on Sunday with Vice President Kamala Harris casting the tiebreaking vote in the 51 to 50 passage.

Not one Republican voted for the bill. After Sen. Joe Manchin (D-W.Va.) and Sen. Kyrsten Sinema (D-Ariz.) finally flipped in support of it, the act passed in the Senate and will now make its way to the Democrat-controlled House where it will no doubt pass as well. President Biden will sign his economically irresponsible bill that will bring even greater woes to Americans’ doorsteps and engender anger at the polls.

Almost $400 billion will reportedly be spent on climate change. The bill also extends expiring subsidies for 13 million people seeking affordable health insurance. Drug costs for seniors on Medicare will be capped at $2,000 per year.

According to Republicans, the bill will also strangle life-saving medications and, instead of reducing inflation, it will do the exact opposite while raising taxes on Americans during a recession/depression.

A 15 percent corporate tax rate will be imposed on corporations that have profits of more than $1 billion each year. While sounding noble, what that means is that companies will again go overseas where it is cheaper to do business, causing job losses and economic strife in a nation already struggling under Biden’s policies.

McConnell blasted Democrats in a statement, asserting that their policies have led to an “economic assault on the American middle class.”

“Democrats have proven over and over they simply do not care about middle-class families’ priorities,” McConnell flatly contended. “They have spent 18 months proving that. They just spent hundreds of billions of dollars to prove it again.”

Even squishy Sen. Mitt Romeny railed against the left, claiming they were contributing to inflation when they passed the $1.9 trillion American Rescue Plan last year and “returned to their same tired playbook to raise taxes, spend more money, and expand the size of government.”

“Rather than listening to the American people who are suffering from inflation, Democrats have voted for a liberal wish list,” Romney (R-Utah) charged. “The American people, who are drowning in debt and inflation, needed a life preserver and Democrats gave them a bag of hammers.”

Sen. Ted Cruz (R-TX) labeled the bill as a “giveaway to the Democrats’ radical leftist base at the expense of middle-class Americans.” He noted it would raise prices and taxes on Americans in most tax brackets. That includes those who make less than $400,000 annually.

“The Schumer-Manchin bill will drive up inflation and prices, hammer small businesses and American manufacturing, increase the price of gas, and sic the IRS on Americans, all while raising taxes on Americans in nearly every tax bracket including those who make less than $400,000 a year,” Cruz said in a statement.

Sen. John Kennedy (R-La.) pummeled Democrats over their gluttonous spending in a video he posted on Twitter.

“It takes a special kind of stupid in my judgment to raise taxes during a recession and inflation,” he posited. “That’s called stagflation, which is what we have right now as a result of President Biden’s policies.”

“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 businesses and manufacturers,” Sen. Marsha Blackburn (R-Tenn.) tweeted.

“The spending spree also includes $80 billion to double the number of IRS agents — practically giving every American a personalized tax auditor. We should be cutting taxes, not increasing them,” she asserted. “It is a shame that Senate Democrats have forced through a socialist agenda that will make life more difficult and expensive for Tennesseans.”

Sen. Lisa Murkowski (R-Alaska) stated that she voted against the bill because it dumps billions into new spending and taxes “when our economy can least afford it, along with the absolute lack of transparency that went into crafting and processing it.”

“Even floor debate – with amendment votes starting just before midnight on Saturday, and continuing through Sunday afternoon – was designed to avoid public awareness and scrutiny,” she accused. “While I don’t oppose everything within the bill, there is no doubt in my mind, based on both substance and process, that the Senate should not have passed it.”

The House Freedom Caucus was enraged over the bill’s passage, calling it a “spending bonanza” for Democrats that enables them to enact a socialist Green New Deal while Americans face crushing inflation, according to Breitbart.

“A host of non-partisan experts all agree that this legislation will not decrease inflation, and many forecast that it will have the opposite impact,” the caucus predicted. “Worse still, not only does this bill direct $369 billion in handouts to climate change special interests, but it does so on the backs of the American taxpayer.”

“To finance their socialist agenda, Democrats are supersizing the Internal Revenue Service with $80 billion (six times the agency’s annual budget) to create an army of 87,000 new enforcement agents to target Americans with as many as one million additional audits per year on taxpayers earning less than $200,000 – the same middle-class suffering the most from the skyrocketing inflation of Bidenomics,” the caucus added.

Democrats were over the moon following the passage of the bill after a vote-a-rama of proposed amendments Saturday into Sunday. Biden hypocritically proclaimed that Senate Democrats “sided with American families over special interests.”

“I ran for President promising to make government work for working families again, and that is what this bill does — period,” he disingenuously declared.

Senate Majority Leader Chuck Schumer (D-N.Y.) boasted in a statement over the bill’s passage, “The Senate is making history. I am confident the Inflation Reduction Act will endure as one of the defining legislative feats of the 21st century.”

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