On Thursday, a group of 22 Republican governors slammed the Inflation Reduction Act, which is a massive spending bill that the governors pointed out would ironically worsen inflation.
The group was led by Governors Henry McMaster (R-SC) and Brian Kemp (R-GA).
“The Democrats’ solution to 40-year high inflation is passing another reckless tax and spending spree to the tune of $740 billion, affecting Americans in every tax bracket,” the statement said. “While denying recession, Democrats want to raise taxes on businesses and manufacturers, which will force higher costs onto consumers, worsen inflation, and aggravate shortages.”
“With sky high prices at the pump, the last thing Americans need is for Democrats to punish energy producers, which will ultimately hurt working families struggling to pay for gas, goods, food, and utilities,” the statement continued. “Our citizens cannot afford Joe Biden’s broken promises on taxes and Democrats’ inflationary spending that will only exacerbate the economic crisis they created.”
McMaster and Kemp were joined by Governors Ron DeSantis (R-FL), Doug Ducey (R-AZ), Asa Hutchinson (R-AR), Brad Little (R-ID), Kim Reynolds (R-IA), Tate Reeves (R-MS), Mike Parson (R-MO), Greg Gianforte (R-MT), Pete Ricketts (R-NE), Kristi Noem (R-SD), Bill Lee (R-TN), Greg Abbott (R-TX), Mark Gordon (R-WY), Chris Sununu (R-NH), Kevin Stitt (R-OK), Doug Burgum (R-ND), Kay Ivey (R-AL), Spencer Cox (R-UT), Glenn Youngkin (R-VA), and Eric Holcomb (R-IN).
Democrats’ push to pass $740 billion in additional government spending comes as inflation has reached the highest level in 41 years with prices rising 9.1% from the year before, according to a report from the Bureau of Labor Statistics.
