August 06, 2022

Toomey Files Amendments to Democrats’ Reckless Tax-and-Spending Bill

Washington, D.C. – U.S. Senate Banking Committee Ranking Member Pat Toomey (R-Pa.) today filed the following amendments to the Democrats’ reckless tax-and-spending bill. Senators will vote on a series of amendments during the so-called “vote-a-rama,” which is expected to occur this evening.

  • An amendment to allow all industries to write off capital investments in their business by making full expensing permanent, rather than selectively handing out corporate welfare to politically-favored industries.
  • An amendment to halt the electric vehicle tax credits, which will subsidize wealthy Americans’ purchases of Teslas and other electric vehicles.
  • An amendment to halt the Securities and Exchange Commission’s (SEC) proposed greenhouse gas disclosure rule.
  • An amendment to reallocate the $1 billion intended to “green” taxpayer-subsidized housing to instead improve safety and reduce crime in public housing.
  • An amendment to apply the same greenhouse gas reporting obligations proposed by the SEC to property owners that receive money in this bill to “green” their taxpayer-subsidized housing.
  • An amendment to take back any unspent taxpayer dollars made available in Democrats’ March 2021 so-called “American Rescue Plan”—a $2 trillion spending spree that has been a driving contributor to the 40-year high inflation American families are experiencing today.
  • An amendment to impose the same work requirements for public housing tenants to tenants in the taxpayer-subsidized housing that is receiving “green energy” money from this bill.
  • An amendment to deny “green” subsidies to housing developers that fail to keep out rapists and sex offenders from living in taxpayer-funded housing units.
  • An amendment to strip taxpayer funding for public transit systems that do not enforce criminal penalties for fare evasion.

Ranking Member Toomey also co-sponsored Senator Tim Scott’s (R-S.C.) amendment to reallocate funds intended to “green” taxpayer-subsidized housing to instead improve health and safety conditions within public housing, including through lead abatement, fire alarms, carbon monoxide detectors, and security and crime prevention.