FACT: The Inflation Reduction Act will not lower inflation.                                                                                           
Friend,
Tomorrow, the Senate is expected to vote on the $760 billion tax-and-spend bill known as the Inflation Reduction Act.

Democrats have repeatedly claimed that it will only raise taxes on the largest and most profitable corporations by creating a minimum 15% tax on corporate profits and increasing taxes on billionaires and multi-millionaires.

But here’s what they aren’t telling you. The bill will:
* HURT middle-class and low-income Americans: Over the ten-year period, the average tax rate for nearly every single income category would increase.
* FORCE inflation to climb + wages to sink: Tax increases on businesses get passed onto customers through higher prices and workers through pay cuts.
* STRAIN production, supply + demand: Tax hikes will target industries that are critical for our supply chain.
* DISRUPT business’ bottom line: Manufacturing will bear almost half of the proposed corporate book tax increase.

Don’t fall for the partisan spin.

Raising taxes during a recession and while inflation is out-of-control sounds like the worst economic plan that the left could muster up. Food prices are up 12%. Gas prices are up 60%.

Currently, two out of three (61%) of Americans — roughly 157 million adults — are living paycheck to paycheck.

How will increased taxes affect you and your family?
Speak Up Now ([link removed])
There’s no dismissing that this bill fails to provide relief from higher prices and help families struggling to make ends meet. We don’t need Congress to fuel inflation any further.

Yours in the fight,
Patrice Onwuka
[link removed]

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