There is no way Manchin, Schumer’s reckless tax and spend proposal will get my support

NEWYou can now listen to Fox News articles!

It is easier to believe that the Taliban did not actually know that al Qaeda leader Ayman al-Zawahiri was living in Kabul in a home owned by a senior aide to the Taliban’s second-in-command than it is to believe that the Democrats’ “Inflation Reduction Act ” will actually reduce inflation .

To say I am opposed to the latest Manchin-Schumer tax and spend proposal is an understatement.

My point is simple. The US bailout plan passed last year did not save the economy. The Inflation Reduction Act, which must be passed and signed very soon, will not reduce inflation.

GRAHAM TORCHES MANCHIN-SCHUMER INFLATION REDUCTION ACT: THIS IS A ‘BEG’, WILL MAKE EVERYTHING WORSE

If you don’t believe me, listen to outside organizations like Penn Wharton and the Congressional Budget Office sounding the alarm.

This legislation is not only dishonest, flawed and bad for Americans – it is procedurally dangerous to the future of the US Senate.

According to the Penn Wharton Budget Model — a metric Sen. Manchin has previously said he relied on — the bill increases inflation. According to the Congressional Budget Office, the so-called “Inflation Reduction Act” would have a negligible effect on inflation, either good or bad. It is hardly a small endorsement in the efforts to sell the legislation as an inflation reduction.

When it comes to tax increases, however, the record is very clear. According to the nonpartisan Joint Committee on Taxation, the bill includes billions of dollars in taxes that will be passed on to consumers. The legislation takes money out of the pockets of Americans already struggling to make ends meet due to record-high Biden inflation, especially those making well under $400,000 a year.

MANCHIN CLAIMS DEMOCRATIC SOCIAL SPENDING AND TAXES ARE FILLED WITH GOP PRIORITIES

In addition to passing on increased costs to the American consumer, the bill drives up gas prices by increasing gas taxes at a time when motorists can least afford it. Under this proposal, Democrats would impose a 16.4 cent tax on a barrel of imported oil, reviving a tax that expired in 1995. Previously, the tax was 9.7 cents. That comes back at 16.4 cents, adding billions of dollars in increases to gasoline production. Raising gas taxes during a recession is not a good idea.

I want to be clear that when it comes time to fund the government through a continuing resolution—I want to do that—but I will not support a continuing resolution that has political paybacks, even on policies I agree with.

The bill also includes a $27 billion “green bank,” money for the IRS to audit middle-class Americans, tax increases during a recession, ObamaCare subsidies for the wealthy and increased costs of domestic energy production.

This legislation is not only dishonest, flawed and bad for Americans – it is procedurally dangerous to the future of the US Senate.

MANCHIN-SCHUMER ‘INFLATION REDUCTION ACT’ IS REAL MANUFACTURING REDUCTION ACT

The full Manchin-Schumer package is contained in two separate legislative instruments – reconciliation and a future continuing solution.

Without getting too far into the weeds of Senate procedures, most of the provisions backed by the liberal left can pass through the Senate via reconciliation, a rarely used process that requires only a majority of 50 senators. If all Democrats get their act together, which is likely, this reckless tax-and-spend bill will pass the Senate, where only Democrats will vote in favor.

FILE - Sen.  Joe Manchin, DW.Va., is greeted by reporters outside the hearing room where he chairs the Senate Committee on Energy and Natural Resources, at the Capitol in Washington, July 21, 2022.

FILE – Sen. Joe Manchin, DW.Va., is greeted by reporters outside the hearing room where he chairs the Senate Committee on Energy and Natural Resources, at the Capitol in Washington, July 21, 2022.
(Associated Press)

The second part of Manchin-Schumer is a side deal to streamline the permitting and opening of certain oil and gas pipelines. It will be part of a continuing resolution, which requires 60 votes to pass, meaning at least 10 Republicans must support it.

It appears that Senate Democrats promised to complete the political deal with Senator Manchin by placing all of the energy expansion and permitting initiatives in the continuing resolution since they could not embed it cleanly in this budget bill.

MANCHIN-SCHUMER SPENDING BILL COULD ELIMINATE 30,000 JOBS, NEW ANALYSIS SHOWS

Think “Cornhusker Kickback” of ObamaCare on a continuing resolution. This is a dangerous precedent to set because it erodes the rights of minorities.

I want to be clear that when it comes time to fund the government through a continuing resolution—I want to do that—but I will not support a continuing resolution that has political paybacks, even on policies I agree with.

I would encourage all my Republican colleagues to come up with energy production proposals specific to their states. Challenge our democratic colleagues that if we are going to change energy policy in one area, let’s change it in all areas. Every state should benefit. All boats must rise, not just one or two.

I doubt the radical left will allow or vote for meaningful energy production ideas like this. It is imperative that we do not legitimize this process because there will be no end to it.

The best way forward is for the government to be financed without strings attached and to stop playing politics on ongoing decisions. If we legitimize this, reconciliation plus policy initiatives linked to state aid will over time do great damage to minority rights.

CLICK HERE TO GET THE OPINION NEWSLETTER

Manchin-Schumer is bad policy and does enough damage on its own. The last thing we should be doing is compounding the problem, which is exactly what this latest backdoor legislative maneuver seeks to do.

I personally like Senators Manchin and Sinema. Sometimes both have stood for the institution of the Senate and preserved the legislative filibuster under extreme pressure.

FILE - Senator Kyrsten Sinema, a Democrat from Arizona, listens during a news conference in the Dirksen Senate Office Building in Washington, DC, U.S., Wednesday, July 28, 2021.

FILE – Senator Kyrsten Sinema, a Democrat from Arizona, listens during a news conference in the Dirksen Senate Office Building in Washington, DC, U.S., Wednesday, July 28, 2021.
(Stefani Reynolds/Bloomberg via Getty Images)

Late. Manchin is from one of the reddest states in the country, and Senator Sinema truly represents a purple state. I’ve worked on both infrastructure, legislation to keep guns out of the hands of unstable people, and together trying to move the Senate forward. Their latest efforts to join Senator Schumer in passing this legislation are ill-conceived, irresponsible and will create additional burdens on the American people at a time when they can least afford it.

CLICK HERE TO GET THE FOX NEWS APP

While I have shown a willingness to work with them, I have an equal willingness to oppose bad ideas, no matter who they come from.

That is why I will not support the use of the continuing resolution as political currency, because going down this path fundamentally changes the Senate.

CLICK HERE TO READ MORE FROM SEN. LINDSAY GRAHAM

Leave a Reply

Your email address will not be published.