Mike Waltz Tears into Democrats Claims US is in a Recession

Mike Waltz Tears into Democrats Claims US is in a Recession

Inflation Reduction Act met with controversy

Jim McCool
Jim McCool
|
August 12, 2022

Democrats have recently jammed controversial legislation through Congress to expand bureaucratic organizations, such as the IRS, while also attempting to fight inflation.  US Congressman Mike Waltz (R-FL) is tearing into the recent moves made by his opposing party, and claiming the US is in a recession.

Economics has certainly not been a winning issue for President Biden (D), with only 18% of Americans describing the US economy as, "in good shape."  Waltz said in a statement about Biden's economy and recent Democrat policies at large, "Democrats have yet again failed the American people by unleashing new tax and spend legislation that will ultimately target middle-class Americans and small businesses with tax hikes during a recession and record inflation, hundreds of thousands of new IRS audits, and subsidies for favored energy interests."

Rep. Waltz described these bad policies as a "laundry list of horrible measures."

"Spending $80 billion to allow the IRS to hire 87,000 new agents resulting in 710,000 audits on Americans making less than $75,000, raises $700 billion in new taxes including tax increases on millions of families and Main Street businesses, subsidizing $350 million in ‘Green New Deal’ initiatives, increasing an excise tax on crude oil and imported petroleum products while Americans continue to struggle at the gas pump, and expanding Obamacare subsidies by $64 billion," stated Waltz.

On the Inflation Reduction Act, many Americans believe that this is the answer to record high inflation that middle America is so desperate for.  However, Waltz contends that with the measures from the plan, we won't see actual progress for years to come.

Waltz stated, "To make matters worse, the Congressional Budget Office projects this so-called ‘Inflation Reduction Act’ will not reduce the current inflation crisis and record high prices as Democrats are purporting. Any deficit reductions seen by this bill, which are unlikely, would be realized years down the line."

Not surprisingly, Waltz believes that the only way America can recover economically is by electing Republicans in November, citing Biden's record on spending,

"Under President Biden and Democratic leadership, the federal government has spent nearly $10 trillion in just over a year and a half. Americans deserve better leadership from our elected officials, and I will continue to pursue policies with my Republican colleagues that will ease the burden on Americans by reducing spending and lowering taxes— not raising taxes on Americans during a recession," he added.

Jim McCool

Jim McCool

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