Friend,
Washington Democrats have called their latest reconciliation bill the “Inflation Reduction Act.” That’s false advertising. I fought against this bill on the floor and voted no on raising taxes and against more reckless spending.
Here are the worst provisions in this behemoth of a bill:
Supercharges the IRS: It grows the IRS by hiring 87,000 new agents — making the IRS bigger than the Pentagon, State Department, and Border Patrol combined. The IRS should be focused on dealing with its unacceptable backlog of tax returns, not targeting working Americans with more audits.
Raises Taxes: It raises taxes on working families, imposing billions of dollars in new taxes on middle-income Americans. It will also increase taxes on American energy production, driving up the cost of gas and utilities even higher when families are already struggling with inflation.
Reckless Spending: It spends over $700 billion on out-of-touch programs that don’t match Iowans’ priorities, like having FEMA work on low-carbon building materials instead of on disaster recovery and spending resources at DHS to support “sustainability and environmental programs” instead of focusing on the border crisis. We don’t need more of this reckless spending.
Tax Breaks for the Wealthy: It’s full of giveaways for wealthy Americans, like a tax break for buying a luxury electric vehicle. You can’t get more out-of-touch.
Green New Deal Provisions: It misspends taxpayer dollars bulking up the EPA’s regulatory enforcement, hurting Iowa farmers in another display of Executive overreach, and wasting money on making USPS trucks electric. At the same time, the bill attacks traditional fuel sources like oil and gas, which will drive up prices at the pump and make utility costs skyrocket. These Green New Deal policies will only worsen inflation.
Crushes Small Businesses: It raises taxes on America’s small businesses that are already struggling to survive — another broken promise by President Biden. Instead, we need to support Main Street by making small business tax cuts permanent.
