Debunking the Democrats’ Radical Spending Agenda

Dear Texans,

With a $30 Trillion nation debt, 40-year high inflation, and painful prices at the pump, you would think Democrats in Washington would change course on their failed economic policies. Instead, they have doubled down and continue to advance legislation that has led us to the economic crises in the first place.

After President Biden signed the so-called Inflation “Reduction” Act, Democrats were quick to go out and champion the things this bill will accomplish. Their claims are direct and orchestrated lies to the American people. You can read more on what this plan will really do to the economy and Main Street America below.

Fuels Energy Costs

The Democrats claim this is a victory for green energy, but fail to mention it is at the expense of hardworking families. Their $400 billion Green New Deal spending plan will disproportionately harm middle and low income households through higher gas prices and utility bills. Americans for Tax Reform stated their plan “would impose a regressive tax on oil and gas development based upon emission levels of methane during production, leading to higher energy bills for consumers and higher costs of everyday products.” President Biden’s anti-fossil fuel and relentless attempts to appease far-left climate activists has created this energy crisis, and this bill will only worsen the painstaking energy costs Americans are left to pay for.

Targets Main Street America

According to the Congressional Budget Office, their plan to add $80 billion for the the IRS will result in audits on people making less than $400,000. This supercharged IRS are coming after low and middle class Americans and small businesses, despite what Democrats claim about more audits coming after the “rich” and large corporations. The 87,000 agents will be coming after your venmo transactions and cash-heavy businesses like many restaurants and small shops. This increased authority for an army of Washington bureaucrats to snoop on the bank accounts of job creators and hardworking individuals is a disaster for all Americans and will stay for years to come.

Extends Inflation

The Wall Street Journal stated in their recent headline “the Inflation reduction act won’t reduce inflation" and 230 economists argued in a letter that this plan would do nothing to lower inflation and instead "would perpetuate the same fiscal policy errors that have helped precipitate the current troubling economic climate." The claim that this bill will reduce inflation is wrong. In reality this plan will have Americans waiting 10 years before they see any possible decreased lowered inflation, according to Moody’s Analytics. Americans should not be fooled by President Biden's claims about his work to reduce inflation, this is just another attempt to win political points and district Americans from his economic disasters. 

The truth is this plan will further contribute to skyrocketing inflation, continue our economic stagflation, and lead to more debt. Democrats avoid the economic realities of their tax-and-spend agenda and I continue to fight back and promote fiscally responsible policies. 

In God we trust,

Roger Williams

Member of Congress