Washington, D.C. – After driving us to record inflation, hurting millions of American workers and families, Joe Biden and Senate Democrats have now driven us into a recession. But after passing trillions of dollars in spending last year that led to skyrocketing prices at the grocery store and gas pump, Senate Democrats are ready to ram through hundreds of billions of dollars of more spending through their partisan, so-called “Inflation Reduction Act of 2022.” Don’t believe their lies.
Here are three numbers you need to know about the Democrats’ bill:
- ZERO: That’s the impact the “Inflation Reduction Act” would have on inflation. According to a study done by Penn Wharton, “The impact on inflation is statistically indistinguishable from zero.”
- $16.7 BILLION: That’s how much the Democrats’ bill would raise taxes on Americans earning less than $200,000, according to a study from the nonpartisan Joint Committee on Taxation, breaking Joe Biden’s pledge against tax hikes on the middle class.
- 27,000: That’s how many jobs would be killed by the Democrats’ tax on job creators, according to a study from the Tax Foundation.
BOTTOM LINE: Only Joe Biden and Senate Democrats are crazy enough to think that raising job-killing taxes on the middle class as our country slides towards recession is a good idea.
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