Rep. Calvert: $3.5 Trillion Tax and Spend Bill Will Damage Our Economy and Increase Inflation
Today, Congressman Ken Calvert (CA-42) issued the following statement in response to the House passage of the budget reconciliation legislation:
“Today, House Democrats took another dangerous step that will damage our economy, increase inflation and further burden American taxpayers with unprecedented levels of debt. Speaker Pelosi and House Democrats have now started down a path leading to a $3.5 TRILLION tax and spending spree. House Democrats want to pass this $3.5 TRILLION spending spree in addition to passing a $2 TRILLION so-called COVID relief bill earlier this year, the $1.2 TRILLION infrastructure bill, and the $1.5 TRILLION Biden budget for fiscal year 2022. Make no mistake, this reckless spending will only further inflame the inflation that is already driving up prices and undermining wages for American families. To make matters worse, Democrats are also advancing tax increases that will kill jobs and take yet another bite out of the budgets of hard-working American families. The final deal, if passed, will further insert government into the every day lives and decisions of American families and erodes our individual liberties and freedoms.
Last year, Republicans warned Americans that, if elected, President Biden, Speaker Pelosi and Democrats in Congress would pursue a socialist tax and spend agenda and weaken our economic and national security. As President Biden proceeds to take orders from the Taliban, ask for permission to rescue Americans in danger and abandons our allies, Speaker Pelosi is singularly focused on a spending spree of historic proportions. Democrat policies have proven to be both intellectually and morally bankrupt. President Biden and Democrats in Congress are determined to ensure the decline of America both at home and abroad, and the passage of this bill today, coupled with our disastrous evacuation in Afghanistan, pushes us further down that dark road.”