Rep. Pete Sessions (R-TX) is arguing that Democrats’ recently passed inflation bill will increase taxes, which will stifle American free enterprise — sending jobs and businesses overseas, while also raising prices for consumers.
Republicans “do not believe at all” that the so-called Inflation Reduction Act will actually lead to “a reduction of inflation,” according to the Texas congressman.
Today, I am releasing the following statement, regarding the left's reconciliation bill: pic.twitter.com/udDiRmOPNU
— Pete Sessions (@PeteSessions) August 8, 2022
“They’re going to tax people who go to work. They’re going to tax the small businesses,” Sessions said during a Thursday interview on Newsmax’s “Prime News” with Jenn Pellegrino.
The Texas Republican went on to note that raising taxes “will not only push jobs back overseas,” but it will also force drug prices to rise even higher, as it stifles research and development by preventing investment.
“What will happen is you will have more companies that move overseas,” Sessions said. “You will have pharmaceutical companies quit making the next generation of drugs, and you will see that these 87,000 new IRS agents are there to just halt the free-enterprise system.”
The American people are going to have to fight back against this awful legislation at the ballot box in the upcoming November midterm elections, according to the GOP congressman.
“Republicans won’t tolerate this,” Sessions said, adding, “The American people will speak and speak loudly in November. That’ll turn back what I believe is outrageous spending by the big government, and we will have an answer for that.”
Sessions also appeared on NBC News before the Inflation Reduction Act passed in the House to argue in opposition to it, stating that the bill would “place a great amount of pressure, not just on the free enterprise system, but the people who actually make businesses work and run.”
He shared a clip of that interview on Twitter, writing: “You’re mistaken if you think the Left is reducing inflation.”
— Pete Sessions (@PeteSessions) August 15, 2022