Stauber Statement on Voting Against Democrats’ Reckless Tax and Spend Bill

Congressman Pete Stauber (MN-08) released the following statement on his vote against Democrats' latest out of control spending package.

"Don't believe the Democrats' naming gimmick, the misnamed ‘Inflation Reduction Act' is actually a tax hike on Americans. President Biden and Speaker Pelosi's out of control spending sprees have resulted in 41-year high inflation, and Americans are struggling to put food on the table, fill up their gas tanks and pay for other necessary goods. Democrats are on an economically catastrophic spending spree. This is yet another large spending package that increases taxes on Americans making less than $400,000 a year, raises gas prices even higher and hires 87,000 IRS bureaucrats to harass hardworking Americans. This terrible bill is nothing short of reckless at a time when inflation is at a 41-year high and our economy has entered a recession. Additionally, under this irresponsible legislation, industrial activities like manufacturing, construction, mining and more will face the highest effective tax rates of any sector, depressing wages and deterring American jobs and American resource development, which is unacceptable. For these very reasons, and more, I voted no."

Some of the egregious provisions included, among many, in the misnamed "Inflation Reduction Act" are the following:

• $80 billion in funding to hire 87,000 new agents to harass and intimidate American families, farmers, and small businesses.
• $3 billion for climate activists to protest and force Green New Deal policies on the American people.
• $12 billion to attack clean American energy production, which will further punish American families at the gas pump.
• $6.5 billion tax on clean natural gas production which will kill jobs and continue to raise energy costs on American families while prices are already skyrocketing.
• Redirect Medicare funds to insurance companies and Green New Deal priorities.
• Innovation-killing price controls on new life-saving drugs and treatments, putting up to 342 new cures at risk of not coming to the market.
• $1.5 billion for planting trees to provide shade in cities.

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