August 07, 2022

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.”