Rep. Burchett votes against Democrat tax, climate, and prescription drug bill

Press Release

Today, U.S. Representative Tim Burchett (TN-02) voted against the Democrats' Inflation Reduction Act.

"You never reduce burdens -- or inflation -- by increasing taxes $745 billion. You simply create more government that will never go away," said Rep. Burchett. "Democrats need to learn a lesson or two from Tennessee, where we reduced taxes and regulations and now have record surpluses and thriving businesses."

This 755-page bill includes $745 billion in new spending and will increase the United States' deficit by $146 billion. Some of the provisions in the Inflation Reduction Act include:

$80 billion for the U.S. Internal Revenue Service, including $45.6 billion to hire 87,000 new enforcement agents to audit American taxpayers
A new 15% minimum tax on corporations' book income
$52 billion tax hike on small businesses
$12 billion tax hike on crude oil production
$369 billion in subsidies, tax credits, and rebates on green energy projects and "environmental justice"

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