Government Watch / Politics / We The People

Democrats Who Created Inflation and Recession Want Giant Job-Killing Tax Hikes

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‘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.”


Reprinted with Permission from - The Senate Republican Leader Mitch McConnell, U.S. Senator for Kentucky by – Mitch McConnell

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Randy Shipman
1 month ago

Democrats are not alone in placing any albatross’, war or otherwise, around America’s neck. If one checks out the Senate voting record to date beginning with the Biden Administration, you will find that the top 49 places go to Republicans voting against their own Party. Only 1 Republican was scored #52 out of 100. Only 1 Democrat scored under 50 out of 100 senators for voting against their Party on legislation. Establishment Republicans are indeed the Party of Opposition, big talk, little action.

It will make very little difference if President Trump or Governor Desantis wins the 2024 Presidential Election if RINOs remain in the U.S. Senate even should Republicans overtake the House and Senate 2022.

To date, top 10 politicians voting on major legislation that limits Liberty and promotes future financial chains around every American Citizen’s neck:

  1. Susan Collins (R-Maine) – 52.1% vote against the Republican Party (100% against MAGA)
  2. Lisa Murkowski (R-Alaska) – 44.8%
  3. Lindsey Graham (R-S.C.) – 36%
  4. Rob Portman (R-OHIO) – 25.3%
  5. Mitt Romney (R-UT) – 23.7%
  6. Roy Blunt (R-MO) – 21.5%
  7. Thom Tillis (R-NC) – 20.9%
  8. Shelley More Capito (R-W.Va) – 21.7%??
  9. Mike Rounds (R-S Dak) – 21.2%??
  10. Charles Grassley (R-IOWA) – 17.4%

Study source: projects.propublica.org/represent/votes/117/all/senate” target=”_blank” rel=”noopener nofollow ugc”>All Senate Votes, 117th Congress | Represent | ProPublica
Based only on major reconciliation bills, green new deal promotion bill votes such as the “bipartisan” vote for the $1.2T Infrastructure and Jobs Act, and red flag gun control legislation.

Thank you PaulE for your comments. In general, there are at a minimum of at least 15 Senate votes against “America First” policy and strategies. These votes, wittingly or unwittingly, are assisting the Chinese Communist Party’s 21st Century plan of action after the PLA not only published but also adopted the tenets of Unrestricted Warfare, Qiao Liang and Wang Xiangsui, FEB 1999.

Hal
1 month ago

The iCommie DemocRats raised taxes more than enough so far during the Biden regime. I guess the DemocRats can count on a naive public in the majority to fail to realize that INFLATION is a tax increase. And it’s just that simple. When the government spends much more than it takes in as taxes, it just prints money to pay for its purchases and commitments. When they do that. it deflates the value of the dollar and businesses must charge more since they are getting dollars that are worth less. In truth it is a little more complicated than that, but the politicos don’t like the candor of being truthful and making their job more difficult. I wouldn’t be surprised if the cost of printing a dollar is a pretty high fraction of its worth in the economy.

PaulE
1 month ago

Good old Mitch McConnell. (That was dripping sarcasm.) He’s very good at waddling out and mumbling some well-worn bromides and doing little else. He actually thinks these little chats before the micrphone constitute him “doing something” about an issue or problem.

Well Mitch just got played yet again with the Chips Bill, which is nothing but a huge $280 billion dollar bill to essentially give additional budgetary money (over $200 billion dollars) to several government agencies and departments. Nothing to do with the semiconductor industry, which DOES NOT need to be bailed out or is in any sort of financial distress. The semiconductor industry is one of the fastest gowing, most profitable sectors of the American economy and they are loaded with cash on their balance sheets. Read their individual 10K and 10Q reports to see just how healthly all the American semiconductor companies are. It got 17 Republican votes in the Senate (where’s Mitch?) and at least 25 Republican votes in the House (where’s McCarthy?) this afternoon. That is a disgrace! No wonder Newt can’t get a New Contract for America out of these people.

Mitch has also been caught flat-footed by Joe Manchin’s decision to reverse cost and now back an over $740 billion dollar BBB bill. The tax changes and hikes in that bill will incentivize every major American corporation to look off-shore for any expansion. Can you guess which country is likely to be the biggest beneficiary of that shift? You got it. It’s China! Big surprise…NOT! Which mean more American job loss here, a slower growing American economy, more inflation, more higher prices and less opportunities for younger American workers to succeed.

What is desperately needed in Washington from Congressional Republicans is less bloviating of the obvious, while doing little else. How about trying some semblance of competency and looking out for the American people once in a while, instead of just being focused on yourselves. Now that would be a nice change. Ah to dream, because that is all it is. It’s way past time for a thorough housecleaning of Washington, D.C., before there is nothing left to save.

Max
1 month ago
Reply to  PaulE

It is so sad.

PaulE
1 month ago
Reply to  Max

Yes it is Max. However, what is even sadder is the American people show no real indication of sign of being fed up enough with any of this to push for any real change. Even sheep, if they are prodded and poked enough, eventually try to fight back in some way. It is so sad what Americans have devolved into.

JEFFREY JONES
1 month ago

Save the U.S.A…..ARREST all demonrats for treason and murder!

Tom
1 month ago
Reply to  JEFFREY JONES

Jeffery Jones: Easy cowboy! Got to watch what we say or be labeled a terrorist by the terrorist. Your right to be upset but the dim dems want to spend trillions so that all people will stand with their arms raised to heaven with tears running down our faces showing a huge smile and screaming thank God you did what you did . You are so right as they drive their 80000 electric cars while you walk home because can’t afford a car much less the $8.65 a gallon gas But don’t worry your space heater will keep your family work in the one room you can heat and eat twice a day,no lunch, to pay the 52% income tax and explain to the kids why they must wear tennis shoes for another Winter. Sounds crazy doesn’t it. But already exists in liberal run country’s like Denmark where a top executive lives high on the hog in his 1200 sq ft. House and thinks he’s got it good until he came here. The commies will do anything to achieve their goals and I will do anything so they don’t and help save America. Buy guns buy ammo for hunting and defense. It can’t happen here but it is as you read this . Jeffery Jones I salute you. Am a Viet Nam vet can lock and load again. May God bless America ,Donald J Trump and May We always fight against all enemies foreign and domestic in Congress

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