Hoeven Pushing Back on Democrats' Tax & Spend Legislation
Senator Introduces Amendment to Combat Inflation, Prevent the Bill from Going into Effect
WASHINGTON – As part of his ongoing efforts to push back on the Democrats’ $740 billion tax and spending bill, Senator John Hoeven today introduced an amendment to combat inflation and prevent the bill from going into effect. Specifically, the senator’s amendment would send the bill to committee and prevent it from being implemented until the inflation levels for groceries, gasoline, diesel, home heating oil, and housing all go below January 2021 levels.
“American consumers and businesses are facing record-high inflation and a looming recession,” said Hoeven. “All the while, Democrats are advancing their reckless tax and spend bill and continuing their regulatory onslaught on U.S. energy and agriculture producers. This approach will not only fail to bring down inflation, it will make our nation’s economic struggles worse. That’s why we’re advancing this amendment to push back on this harmful agenda and prevent the bill from taking effect.”
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