Nonpartisan Tax Scorekeeper: Democrat Inflation Act Hits Families Making Under $200,000 with $10.6 Billion Tax Hike

The Joint Committee on Taxation (JCT) has confirmed that $10.6 billion in tax increases from the Democrats’ Inflation Act will hit families making less than $200,000. JCT’s analysis looked at the distributional impact of the non-Obamacare related tax provisions, including $362 billion worth of tax increases and hundreds of billions worth of Green New Deal tax subsides. … Continue reading Nonpartisan Tax Scorekeeper: Democrat Inflation Act Hits Families Making Under $200,000 with $10.6 Billion Tax Hike

Democrats Tax Working Families’ Gas and Electricity to Subsidize Luxury Shopping for the Wealthy

U.S. Senate Republican Leader Mitch McConnell (R-KY) delivered the following remarks today on the Senate floor regarding Democrats’ Reckless Taxing and Spending Spree: “Democrats want to pass huge, job-killing tax hikes in the middle of a recession they created. “Hundreds of billions of dollars in new taxes on American jobs, American manufacturing, American electricity, and … Continue reading Democrats Tax Working Families’ Gas and Electricity to Subsidize Luxury Shopping for the Wealthy

FACT SHEET: Democrats’ Inflation EXPANSION Act Increases Debt by $114 Billion

House Budget Committee Republican Leader Jason Smith (MO-08) today released a fact sheet exposing how the Washington Democrats’ so-called “Inflation Reduction Act” relies on budget scoring gimmicks and false sunsets to hide the true cost of its inflationary spending and will add to the nation’s already unsustainable debt. “Democrats are at it again using budget gimmicks and fake sunsets to create savings on paper – just … Continue reading FACT SHEET: Democrats’ Inflation EXPANSION Act Increases Debt by $114 Billion

Toomey: Housing Costs Will Escalate With Democrats’ Reckless Tax-and-Spending Bill

At today’s U.S. Senate Banking Committee hearing, Ranking Member Pat Toomey (R-Pa.) said that Democrats’ new reckless tax-and-spending bill will worsen 40-year high inflation and the contracting economy. Specifically, Senator Toomey criticized a housing provision in the Democrats’ spending bill that creates a $1 billion slush fund for “greening” taxpayer-subsidized housing. Ranking Member Toomey’s opening remarks, … Continue reading Toomey: Housing Costs Will Escalate With Democrats’ Reckless Tax-and-Spending Bill

Government Watchdog Finds $311 BILLION Budget Error In Federal Student Loan Program

Education and Labor Committee Republican Leader Virginia Foxx (R-NC), Rep. Greg Murphy (R-NC), Health, Education, Labor, and Pensions Committee Republican Leader Richard Burr (R-NC), and Senator Mike Braun (R-IN) released the following statement in response to the Government Accountability Office’s (GAO) report which found the Department of Education underestimated the cost of student loans by billions: “For decades, … Continue reading Government Watchdog Finds $311 BILLION Budget Error In Federal Student Loan Program

Random Grab Bag of Corporate Welfare and Tax Hikes Does Nothing to Address Inflation

In response to this morning’s GDP data indicating -0.9% growth in Q2, which confirms two consecutive quarters of negative growth, and reports of a pending reconciliation deal between Majority Leader Chuck Schumer and Senator Joe Manchin, AFP Vice President of Government Affairs Akash Chougule issued the following statement: “When Americans feel like they need to … Continue reading Random Grab Bag of Corporate Welfare and Tax Hikes Does Nothing to Address Inflation

CHIPS Bill Feeds Washington’s Mandatory Spending Habit

House Budget Committee Republican Leader Jason Smith (MO-08) issued the following statement today as the U.S. House of Representatives is preparing to consider semiconductor manufacturing legislation – otherwise known as CHIPS – that will increase spending by $280 billion and specifically increase mandatory spending by over $60 billion: “Last year, federal mandatory spending topped $5 … Continue reading CHIPS Bill Feeds Washington’s Mandatory Spending Habit

Lavish government union pensions on verge of $5.8 TRILLION collapse

Today, Education and Labor Committee Republican Leader Virginia Foxx (R-NC) spoke on the House floor to warn about severely underfunded pension programs and that relying on taxpayers for bailouts is not a solution: Republican Leader Foxx’s remarks:“At the state and local levels, public employees are often promised defined benefit pension plans that are subsidized through … Continue reading Lavish government union pensions on verge of $5.8 TRILLION collapse

Americans for Prosperity Opposes CHIPS Act Corporate Welfare

Americans for Prosperity Vice President of Government Affairs Akash Chougule issued the following statement urging defeat of the so-called CHIPS Act under consideration in Congress this week: “Poll after poll underscores what we are hearing firsthand at our ‘True Cost of Washington’ tour events across the country – the biggest problem facing Americans right now … Continue reading Americans for Prosperity Opposes CHIPS Act Corporate Welfare

Biden misses legal deadline to submit federal budget

Today marks the legal deadline, under the Congressional Budget and Impoundment Control Act of 1974, for President Biden to submit his Fiscal Year (FY) 2023 budget. Last year, the White House set a record for the latest a Presidential budget request has ever been transmitted to Congress in modern history. House Budget Committee Republicans joined … Continue reading Biden misses legal deadline to submit federal budget