1 August 2022

The More We Learn, The Worse It Gets

Manchin and Schumer’s latest tax and spending package has only been out for a few days, and we’re quickly learning the devastating impact it would have on American families, including:

  • Middle class tax hikes. Half the tax increases would be paid by families making less than $200,000 a yearand raises taxes on folks making as little as $20,000.
  • Builds back outsourcing. A new study says $156 billion of the tax hikes “would overwhelmingly hit U.S. manufacturers” and kill 218,000 jobs.
  • Massive waste. The bill includes $25 million “combat enteric emissions produced by cows and farm animals” in other words: to stop cows from farting.
  • Makes inflation worse. Multiple studies now say the bill would “only add to the inflationary pressure families are already feeling.”

Talk about a disaster.

“This bill is a tax on American manufacturers and American workers, plain and simple,” said AAN Communications Director Calvin Moore. “Families and small businesses are struggling enough in the economy Joe Biden created, and this bill would only pour fuel on the fire with more tax hikes and reckless spending.”