WASHINGTON, D.C. — Today, House Republican Whip Steve Scalise (R-La.) joined Fox Business Network’s Mornings with Maria to discuss how President Biden and Speaker Pelosi’s trillion-dollar tax-and-spending spree is bad for all Americans and anything but bipartisan. Whip Scalise emphasized that Democrats’ linked $5 trillion infrastructure and reconciliation package will continue to cause inflation to rise, which will result in skyrocketing costs of everything from gasoline, to groceries, to household goods. In addition, Whip Scalise pointed out that President Biden’s tax-and-spending spree prioritizes Democrats’ radical agenda which, in turn, will hurt the U.S. economy and bankrupt future generations of Americans.
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On the Democrats’ radical, far-left agenda being pushed through Congress this week:
“It’s going to be a very intense week with a lot at stake, and you look at this package of now over $5 trillion. When you think about the tax increases over the weekend. Saturday, they had the big tax-and-spend bill in the Budget Committee, and it got even bigger. And in fact, now they can’t even tell you how much it’s going to cost because it’s so large, but it grew by about $1 trillion over the last two weeks, if you can imagine that. And they still think it’s all just something that’s going to have no impact on the economy, when you literally add trillions in new taxes that would run jobs out of America, and they’ve packaged it with an infrastructure bill.
“And, of course, look, we’ve wanted to pass infrastructure since Donald Trump was in office, [but] what they’ve done is hold infrastructure hostage to more than $5 trillion in new government spending with massive tax increases that, by the way, will hit low-income, middle class families with things like a natural gas tax, so many other taxes that are in this bill. So, Maria, a lot [is] at stake in addition to the government funding and the debt ceiling. And right now they don’t have the votes because Speaker Pelosi was going to vote weeks ago on infrastructure, then tonight was going to be the vote on infrastructure, and now she’s pushing that back to Thursday because she’s packaged it together with this massive tax-and-spend bill, and it all comes to a head by the end of this week.”
On the infrastructure bill being tied with the $3.5 trillion tax-and-spending spree bill:
“Well, infrastructure should have been decoupled from all of the other taxes and spending from the very beginning, and they made a tactical decision months ago. If you remember, when some Republican senators worked with Democrats to get a Senate-negotiated infrastructure bill, President Biden immediately, within an hour, cut a side deal with Speaker Pelosi and Chuck Schumer to tie it all to the tax-and-spend bill. And so, you’ve always had this massive train with trillions of dollars of debt, by the way, not just taxes and spending, but massive trillions in new debt. And it’s all [going to] come to a head because they packaged it together to their most radical-left base. And I’m talking about ‘The Squad,’ those that want things like the Green New Deal, things that would really make American energy uncompetitive. It’s one of the reasons why you’ve got President Biden going to OPEC and Russia begging them to make more oil while he’s shutting down pipelines and oil production in America — it’s [an] insane policy.
“It’s one of the reasons we have so much inflation, Maria, across the country, and it’s not just higher gas prices. When you go to the grocery store, you’re paying more for everything you buy. Do you really think that’s going to get better or worse when you add trillions of dollars of new debt and new taxes to our American economy? Clearly, this would be an inflation booster as well at a time when families shouldn’t be able to [have] that dumped on them.”
On President Biden breaking his promise not to raise taxes on families making less than $400,000:
“Right? What fantasyland do they live in when raising taxes, trillions of dollars, and by the way, adding more and more to the debt? They [couldn’t] even tell you how much it cost going into Saturday’s Budget Committee vote. After Saturday’s Budget Committee vote, it got more expensive. So we’re well over $5 trillion. Most of it’s not paid for.
“And by the way, remember President Biden’s promise that nobody making under $400,000 will pay a dime in new taxes? Tell that to the people who use natural gas in America. If you heat your home during [the] winter or cool your home during [the] summer with natural gas, you’re going to see about a 14 percent tax increase in this bill by President Biden. He breaks that promise to you. If you go to a hospital, by the way, those hospitals’ costs will go up. He promised your hospital costs [and] your health care costs would go down. Those costs will now go up. So many broken promises by President Biden, and now he’s going to say, ‘Don’t worry, it doesn’t cost anything.’ Tell that to the millions of people who are going to lose their jobs when jobs are shipped overseas.
“We saw this before the Tax Cuts and Jobs Act, Maria. You saw great companies moving overseas every day. Not a single company — zero companies — have left America since we cut taxes that created millions [of] new jobs and higher wages for lower-income families. All [of] that goes away with this bill. There’s a serious cost, especially to middle-income and lower-income families, who will pay the brunt of it in the form of higher inflation, higher costs of doing business, and higher electric bills.”
On Democrats’ provision in the $3.5 trillion tax-and-spend bonanza that would allow the government to track transactions of $600 or more:
“Yeah, Maria, this is a very alarming component of this bill. Again, it’s so massive — over $5 trillion — that there [are] more and more things that come out on it every day. We just started hearing about that. About two weeks ago, we tried to put a provision in the bill to block the ability for the government to track transactions of anybody making a $600 transaction or more.
“Again, this isn’t the millionaires and the billionaires they keep talking about. This is regular, everyday Americans, and they blocked the provision that would have said you can’t do that. And by the way, they still hire those thousands of IRS agents — an army of new IRS agents. Do you really think they’re going to be there to help you mow your lawn or clean your house or just to raise your taxes? Of course, that’s what it’s going to be about — raising more taxes [for] hard-work families making well below $100,000 per year. Again, I’m not just talking about the natural gas tax that they have in this bill. We tried to take that tax out. They’ve got a big giveaway that they’re giving away to millionaires and billionaires in [states like New York and New Jersey.] I mean, everything about this bill goes against what President Biden promised, and it would crush our economy and increase inflation that’s already too high, hitting low-income families.”