U.S. Senator Mitt Romney (R-UT) today released the following statement after the Senate Democrats’ unilaterally passed the Inflation Reduction Act—yet another reckless taxing-and-spending spree being touted as “anti-inflation” legislation:
“In March of last year, the Democrats passed their $1.9 trillion American Rescue Plan. Predictably, it contributed to the inflation we are seeing today. Americans are falling further and further behind as they face skyrocketing prices on everything from food to energy and medicines. Today, Democrats returned to their same tired playbook to raise taxes, spend more money, and expand the size of government. Every single Republican senator fought to stop their one-sided, partisan bill. Democrats called it an act to combat inflation. It does the opposite.
“Rather than listening to the American people who are suffering from inflation, Democrats have voted for a liberal wish list. It reduces oil and gas production, it raises taxes that companies will pass on to consumers, and it doubles the number of IRS auditors in order to audit more Americans.
“The American people, who are drowning in debt and inflation, needed a life preserver and Democrats gave them a bag of hammers.”