The publication is reproduced in full below:
UNPRECEDENTED GOVERNMENT SPENDING
(Mr. LaMALFA asked and was given permission to address the House for 1 minute and to revise and extend his remarks.)
Mr. LaMALFA. Mr. Speaker, the $3.5 trillion spending plan by the Democrats is the most expensive single piece of legislation in the history of this country. If passed, the Democrats will have added $13 trillion in new spending since they took control of the House in 2019.
When combined with annual government funding and the $1.9 trillion Biden bailout bill, the $3.5 trillion socialist tax and spending plan would increase yearly government spending by over 73 percent each year for the next 10 years. To pay for these expensive and ill-advised policies, we would see the largest tax increase in American history, with two-thirds of employer tax increases being borne by lower and middle-income Americans.
This unprecedented spending spree is fueling inflation right now and hurting low-income and middle-income families the most, the very populations these policies purport to be helping.
Inflation is a tax on the poor, running at 7 percent on an annualized basis since the Biden administration came in, the highest since the Carter era. Gas prices are up 41 percent. Used car prices are up 41 percent. Fish prices are up 8.5 percent. Steak prices are up 10 percent.
Inflation is hurting the purchasing power of everyday Americans.
____________________
SOURCE: Congressional Record Vol. 167, No. 166
The Congressional Record is a unique source of public documentation. It started in 1873, documenting nearly all the major and minor policies being discussed and debated.
House Representatives' salaries are historically higher than the median US income.
Alerts Sign-up