During a Fox News interview on Sunday, Sen. John Barrasso (R-WY), chairman of the Senate Republicans, warned that President Biden’s Build Back Better Act would “break the back” of Americans as it would drastically increase inflation and taxes.
“I look at this, this will break the back of the American people with taxes, with spending, with all of the mandates,” Barrasso told Fox News host Maria Bartiromo. “People will end up paying more for just about everything, it will make inflation worse, taxes will go up. All the tax experts will tell us that at least a third of middle America will pay a lot more in taxes, and the impact of inflation on people’s lives now, whether you want to call it a hidden tax or not, people’s paychecks are not keeping up. People are hurting, and it’s the Biden policies that have made it worse.”
“We’re now at a 40-year high on inflation,” Barrasso later said, adding, “when you get rid of the accounting gimmicks, we’re talking close to $5 trillion, $3 trillion added to the debt. Joe Manchin and Kyrsten Sinema are going to have a lot to say with this, about this. But you talked about these temporary programs, you remember Milton Friedman said there is ‘nothing so permanent as a temporary government program.’ Once they get in there, they stay forever.”
Barrasso’s comments come days after the Congressional Budget Office estimated that the Build Back Better Act “would increase budget deficits by $2.75 trillion before interest, as opposed to by $158 billion as the bill is written,” the Committee for a Responsible Federal Budget explained.