A rare weekend Senate session saw Democrats bull through a massive and dangerous spending bill without one Republican vote of support. For Sen. Ted Cruz (R-TX), it was a lot of effort wasted on what he described Sunday as a “terrible bill.”
Speaking on “Sunday Morning Futures,” the senator charged the so-called “vote-a-rama” held by victorious Democrats is just a mirage.
The misnamed Inflation Reduction Act of 2022, Cruz noted, will destroy manufacturing positions, pummel small businesses, and push gas prices higher. All in the name of fighting climate change and supposedly attacking inflation.
Seen on C-SPAN2:
— CSPAN (@cspan) August 7, 2022
Cruz asserted that the bill levies “billions in new taxes” on the nation’s gas and oil production, which would of course drive up energy prices. Outvoted Republicans introduced amendments to void those new taxes to no avail.
The Texas senator accused a pair of Democrats, Sens. Raphael Warnock (GA) and Maggie Hassan (NH), of lying to the American people.
Cruz said both positioned themselves as favoring lower gas prices but then voted for tax measures that will cost consumers more every time they fill up.
The Republican also slammed Democrats for a part of the bill they are not bragging much about — doubling the size of the Internal Revenue Service. He charged the tax collecting arm of the federal government will be larger than the Pentagon, State Department, FBI, and Border Patrol combined.
And they are not designed to go after billionaires and big business. Cruz said Sunday that the IRS is prepped for attacking small businesses and working families.
Democrats hail the bill as the largest climate investment in the nation’s history, one that helps prepare for a fossil fuel-free future. They also boast that it is paid for through tax increases, including a new 15% minimum corporate tax and a 1% tax on stock buybacks popular with corporations.
President Joe Biden’s party touts giving Medicare the power to negotiate prescription drug prices for tens of millions of senior citizens. There is also a provision to extend certain health care subsidies for another three years.
The House is expected to take up the measure when it returns into session on Friday, and undoubtedly the bill will quickly move to the president’s desk and be signed. Democrats are desperate for anything at all to run on in November, and that’s exactly what they have.