Pointing to warning from a former Clinton Treasury Secretary and Obama economic adviser, U.S. Sen. John Thune (R-S.D.) this week discussed how Democrats have prioritized their reckless tax-and-spending spree over addressing the numerous crises they have created, which are impacting families in South Dakota and across the country. Thune noted that Democrats’ latest proposal would … Continue reading Clinton Treasury Secretary and Obama economic advisers warns Biden is setting off massive inflation bomb
Category: Taxation
U.S. Senate Republican Leader Mitch McConnell (R-KY) delivered the following remarks this week on the Senate floor regarding Democrats’ reckless tax and spending spree: “Two weeks ago, President Biden and his team flew to Glasgow for a glitzy conference. World leaders traveled there to attend one another’s speeches on carbon emissions and the climate. “The … Continue reading Build Back Beijing: Democrat anti-energy bill hurt US families and helps Communist China
U.S. Sen. Ted Cruz (R-Texas) this week introduced legislation that would repeal an overly broad and poorly-crafted provision from the infrastructure package that creates new reporting requirements for many participants within the blockchain industry. This provision will stifle innovation in the industry, endanger the privacy of many Americans and cryptocurrencies, and likely push key aspects … Continue reading Cruz moves to repeal Biden spending bomb’s ‘devastating attack’ on crypto
Joe Biden promised he wouldn’t raise taxes on middle-class families. But his so-called “build back better” plan will raise taxes on blue collar Americans while giving tax cuts to the wealthy. According to the non-partisan Tax Policy Center, 20 to 30 percent of middle-income households would pay more in taxes. Meanwhile, most millionaires would receive … Continue reading Build Back Broke: Middle class get tax hike while blue state millionaires get tax break
Club for Growth released new digital ads in five Congressional districts asking constituents to reach out to their Representatives and tell them to keep their word and vote against President Joe Biden’s so-called “Build Back Better” Act. “These five Democrats promised their constituents that they would vote against Biden’s radical tax-and-spend bill and now they’re … Continue reading New Club for Growth ads targeting five Democrats to vote no on Biden tax and spend bomb
House Budget Committee Republican Leader Jason Smith (MO-08), in a letter to the Joint Committee on Taxation (JCT), called for an official assessment of how the Biden Administration’s proposal to empower the Internal Revenue Service (IRS) to spy on the financial activity of American citizens – including working families, farmers, small businesses, and gig economy … Continue reading House GOP Budget leader demands investigation of Biden IRS scheme to spy on working families
In a letter this week to the Congressional Budget Office (CBO), the top Republicans on the House and Senate Budget Committees pushed the agency to provide a true cost estimate of the Democrats’ tax and spending reconciliation bill if provisions within the bill were made permanent, as is the intent of Democrats. House Budget Committee … Continue reading Smith, Graham call for CBO score on true cost of Democrat tax and spend bomb
U.S. Sens. John Barrasso and Cynthia Lummis, both R-Wyo., joined Senator Tim Scott (R-S.C.) and other Republican members in introducing the “Prohibiting IRS Financial Surveillance Act.” This bill will prevent the Internal Revenue Service (IRS) from implementing the Biden administration’s plan to spy on the transactions of private and law-abiding Americans. “Joe Biden wants to … Continue reading GOP senators move to stop Biden IRS scheme to spy on Americans
This week, the Biden Administration announced proposed rules on methane emissions, targeting energy exploration and production in the oil and gas industry. Timed to factor into negotiations at the COP26 conference in Glasgow, Scotland, the rule would impose more stringent requirements for maintaining natural gas and oil wells. Senior Fellow Ben Lieberman responded to the … Continue reading Biden methane scheme destroys energy jobs and jacks up gas prices
Upon news that congressional Democrats today put a nicotine tax provision back into President Biden’s ever-changing “Build Back Better” plan (ostensibly aimed at COVID-19 relief, economic recovery measures, and infrastructure investment), CEI Senior Fellow Michelle Minton offered a statement on why this is such a bad idea: “Congress’s desire to find revenue to pay for … Continue reading Addicted to cash, Democrats sneak nicotine tax back into spending bomb
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