IT’S SIMPLE: This Socialist wish-list will do NOTHING to address the inflation that is crushing America’s families and workers, and it will only further our economic crisis.
HERE ARE THE FACTS:
- Raises taxes on businesses when Americans are already paying more for just about everything.
- These tax increases will be passed on to the consumer, stifle reinvestment in infrastructure, R&D, and workers, and only exacerbate the current supply chain crisis.
- Allows the IRS to hire 87,000 new agents to target American families and businesses.
- Implements socialist price control schemes for prescription drugs that will negatively impact seniors, patients, those with rare diseases, and their families.
- Extends Obamacare subsidies—enacted under the American Rescue Plan and set to expire after 2022—for at least two more years, benefiting the wealthy and subsidizing people who already have insurance.
- This expands federal spending without enacting any meaningful reform to a broken system.
- Incites inflationary pressure when inflation is already at a 40- year high.
- Spends $369 billion in “Green New Deal” initiatives. Americans deserve efficient, affordable, and American-made energy, yet Democrats continue to pursue policies that have doubled gas prices since Joe Biden took office and destroyed U.S. energy independence.