WASHINGTON, D.C. — U.S. Senator Shelley Moore Capito (R-W.Va.), Ranking Member of the Senate Environment and Public Works (EPW) Committee, released the below statement following the U.S. House of Representatives’ passage of their partisan reckless tax-and-spending spree. The legislation now moves to the Senate for consideration.
“With inflation at its highest point in 31 years, a reckless tax-and-spending spree is the last thing we need right now. Inflation is very real, and it’s impacting the day-to-day lives of Americans across the country. West Virginians are concerned because thanks to inflation, they are paying higher prices for many things they can’t do without. This is especially concerning as we head into the holiday season. Yet, even with these red flags, the Biden administration and my Democrat colleagues want to spend even more on liberal policy wish list items that are unaffordable.
“From massive tax cuts for the wealthiest Americans to a natural gas tax that will increase energy costs for working families, the Democrats’ multi-trillion dollar bill is full of special interest giveaways to progressive interests. Not only will this legislation not solve the issues West Virginians and other hardworking Americans are worried about, but it will also endanger the very jobs of those hoping to provide for their families.
“Despite President Biden’s claims that the bill wouldn’t cost a penny, the non-partisan Congressional Budget Office confirmed yesterday that the bill will add more than $300 billion more to the deficit, on top of its already astronomical trillion dollar tax hike—the largest tax increases in decades. This won’t help our economy. It will devastate our economy. With the legislation now heading to the Senate, I will be fighting tooth and nail to remove the most egregious provisions that would devastate West Virginia’s economy, and I will do all I can to defeat the bill. As we head into the holiday season, West Virginians shouldn’t be worried if they can afford basic everyday needs.”