Thompson Statement on So-Called Inflation Reduction Act

WASHINGTON, D.C. — U.S. Representative Glenn "GT" Thompson (PA-15) released the following statement on the so-called Inflation Reduction Act:

"Despite its name, the Inflation Reduction Act will actually raise taxes, according to the nonpartisan Congressional Budget Office. It will cost taxpayers nearly $472 billion and cut Medicare by an estimated $250 billion. The bill will add 87,000 new IRS agents to target the lowest income earners in an attempt to normalize audits – as if they were as routine as a trip to the dentist, except one tends to be more painful.

"The economy saw negative growth in the last two quarters, yet the Biden Administration and Congressional Democrats think they can spend their way out of a recession. The American people know better. I voted no."

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