Family and Small Business Taxpayer Protection Act

Floor Speech

BREAK IN TRANSCRIPT

Mr. KILDEE. Mr. Speaker, I thank Mr. Neal for yielding. The Inflation Reduction Act was a huge step toward lowering healthcare costs and energy costs for families all across the country and creating new jobs in my home State of Michigan.

It was fully paid for by making sure the biggest corporations and the wealthiest individuals paid their fair share in taxes.

This funding for the Internal Revenue Service helps ensure that it has the resources to go after those wealthy taxpayers that are avoiding paying their fair share.

It is simply not fair that billionaires like Elon Musk and massive companies like Amazon have paid less in Federal income taxes some years than a Bay City teacher, a Saginaw nurse, or a Midland factory worker.

Further, the Inflation Reduction Act is helping to fight inflation, bringing down costs for Americans.

With this bill, Republicans are trying to roll back these efforts to fight inflation.

A vote against the motion to recommit that I will offer is a vote against the Inflation Reduction Act.

Today, the nonpartisan Congressional Budget Office said this bill will add $114 billion to the national deficit.

This is the first order of business for this majority.

BREAK IN TRANSCRIPT

Mr. KILDEE. Mr. Speaker, I have a motion to recommit at the desk.

BREAK IN TRANSCRIPT

Source