Toomey: Democrats’ Reckless Tax-and-Spending Spree Pours Fuel on the Inflation Fire
Washington, D.C. – U.S. Senator Pat Toomey (R-Pa.) released the following statement opposing Democrats’ reckless tax-and-spending spree:
“Last
year, Democrats jammed through trillions of dollars in reckless spending that
fueled the worst inflation in 40 years. Now, Democrats insist on pouring fuel
on the fire with another partisan tax-and-spending spree that will only further
exacerbate a recession we’re already likely in.
“To
fund new ‘green’ corporate welfare and give Obamacare subsidies to wealthy
Americans, this legislation forces short-sighted tax hikes on American
businesses and imposes innovation-crippling price controls on life-saving
medicines. And contrary to the bill’s name, non-partisan analysts have
confirmed that it does nothing to alleviate the inflation tax Americans are
feeling every day.
“With
inflation skyrocketing, gas prices at near-record highs, and our economy likely
in a recession, the last thing Americans need are more corporate welfare,
higher taxes, and more government spending.”
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