Author Topic: ‘Another Reckless Tax and Spending Spree’: 22 Republican Governors Slam Democrats’ Reconciliation Sp  (Read 79 times)

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‘Another Reckless Tax and Spending Spree’: 22 Republican Governors Slam Democrats’ Reconciliation Spending Bill

Jacob Bliss 4 Aug 2022

Twenty-two Republican governors slammed the Democrats’ attempt at a reconciliation spending bill as “another reckless tax and spending spree” after Sen. Joe Manchin came to an agreement with his leadership.

“The Democrats’ solution to 40-year high inflation is passing another reckless tax and spending spree to the tune of $740 billion, affecting Americans in every tax bracket,” stated the group of 22 Republican governors, led by South Carolina’s Gov. Henry McMaster and Georgia’s Gov. Brian Kemp.

“While denying recession, Democrats want to raise taxes on businesses and manufacturers, which will force higher costs onto consumers, worsen inflation, and aggravate shortages,” the group continued.

Last week, the federal government reported that Gross Domestic Product (GDP) shrank by 0.9 percent in the second quarter of 2022, which signaled that the economy is entering a recession.

In fact, the mortgage debt rose 1.9 percent this past quarter as the housing market continues to soar coming out of the pandemic, and the Consumer Price Index was up 8.6 percent in the quarter compared with a year earlier –the biggest increase since the fourth quarter of 1981. The group explained:

With sky high prices at the pump, the last thing Americans need is for Democrats to punish energy producers, which will ultimately hurt working families struggling to pay for gas, goods, food, and utilities. Our citizens cannot afford Joe Biden’s broken promises on taxes and Democrats’ inflationary spending that will only exacerbate the economic crisis they created.

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