Republicans Won’t Allow Democrats Tax Us To D*ath
Several House Republicans criticized Democrats’ intentions to raise taxes in 2023 if they hold the majority.
Rep. Richard Neal, D-Mass., said Democrats would attempt to raise individual and corporate tax levels if they retained control of the House in November, as per Bloomberg writer Erik Wasson. Neal said Democrats might revive tax code overhauls to collect money and fund spending projects.
“For anybody that was even debating whether or not we should remove Speaker Nancy Pelosi from the speakership, now, they have further evidence,” said Rep. Bryan Steil, R-Wis., the top Republican on the Review Panel on the Economy. “The last thing we should be doing in a recession is raising taxes.“
“The Democrats are showing their cards that their plan is to continue to raise taxes and recklessly spend, which is a recipe for the disaster that we’re already experiencing with runaway inflation,” Steil continued. Steil was one of many Republicans who reacted promptly to Neal’s comments.
“This has been their problem from day one,” said NRCC Chairman Tom Emmer, R-Minn. “They can’t explain double-digit inflation. Remember, every consumer pays those taxes,” he said. “They can tax corporations and make these statements all they want, but it all gets passed through to the consumer on the street.” The NRCC tweeted Friday: “Vote. Them.” Out.“
“Congressional Democrats are one trick ponies. Their solution to every problem is to tax more and spend more of other people’s money,” Rep. Andy Barr, R-Ky., a senior member of the House Financial Services Committee, told FOX Business. “Today’s historic tax increase during a recession is just another example. Republicans will put an end to this failed economic agenda in the next Congress.“
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Rep. Kevin Hern, R-Okla., founder of the Republican Study Panel’s budget and expenditure task force, said increased taxes on business would lead to more companies moving overseas.
“When you make it harder by raising tax rates, our businesses will go elsewhere,” Hern told FOX Business. Hern said Democrats want to tax Americans more and expand Washington.
“The left’s Holy Grail is tax hikes and more government control of our lives,” Rep. David Schweikert, R-Ariz., another House Ways and Means Committee member, told FOX Business. “At least the left is being honest about the dystopian future they intend to bring us.” Schweikert said people who believe Democrats aren’t in favor of new tax hikes “haven’t been listening.”
“They’re about to raise taxes by over $300 billion, which will ultimately be paid by American consumers,” Rep. Blaine Luetkemeyer, R-Mo., the ranking member of the House Small Business Committee, tweeted. “Now Democrats are proudly saying this is only the beginning.“
Rep. Mike Waltz, R-Fla., said Democrats aren’t disguising their tax-hiking plans. “Remember when you go to vote.“
Democrats aren’t hiding they want to keep raising taxes.
Remember when you go to vote. #RedWave https://t.co/fys9iUzA0I
— Rep. Mike Waltz (@michaelgwaltz) August 12, 2022
Rep. Bill Pascrell, D-N.J., agreed with Neal. He said Democrats’ primary objective is ensuring the wealthiest pay “their fair part,” while the GOP lets billionaires cheat on taxes. What a joke!
Democrats want the rich to pay their fair share. Republicans’ top priority is making sure billionaires can cheat on their taxes. https://t.co/2pw337rk5b
— Bill Pascrell, Jr. 🇺🇸🇺🇦 (@BillPascrell) August 12, 2022
The House will vote on the Inflation Reduction Act, which raises taxes. The package cleared the Senate on Sunday and includes a corporate minimum tax expected to raise $313 billion, increased tax enforcement expected to raise $124 billion, and a stock buyback tax expected to raise $74 billion.
The legislation’s tax rises to target high-income Americans, but they would indirectly affect middle- and low-income people, according to a nonpartisan analysis. The bill would target middle-class Americans for most new IRS audits.
William McBride, VP of federal tax and economic policy at the Tax Foundation, told FOX Business last week, “They’ll need to boost audit rates on middle-class and low-income persons.“
Multiple studies found the bill would have little influence on inflation.
Notice: This article may contain commentary that reflects the author’s opinion.