Scalise: Biden tax hikes on low & middle-income families, 40% more on natural gas
On 5/23/2023, House Majority Leader Scalise said, “I think it’s important to point this out as Joe Biden is talking about raising taxes. Look at some of the taxes that Joe Biden has already signed into law to raise on hard-working families. These tax increases under Joe Biden’s first two years in office are some of the reason that inflation is so high, some of the reason why energy costs are so high for families, 40 percent more for household electricity rates. And people would ask why is that? Well, in part, it’s because Joe Biden added six and a half billion dollars in taxes on natural gas. That is a direct tax increase on low and middle-income families, breaking his pledge that anybody making under $400,000 a year wouldn’t pay a dime in new taxes. Well, I guess he was right about the dime because it’s a lot more than a dime in new taxes than that families are paying. And I’m talking about families making under sixty thousand dollars a year who are paying this natural gas tax.
Scalise: green agenda, crude oil taxes, coal tax, pay 50% more in gasoline costs
You know what other tax Joe Biden signed into law that low-income families are also paying? Twelve billion dollars in crude oil taxes. So you wonder when people go fill up their car, they’re paying 50 percent more in gasoline costs in part because of Joe Biden’s new tax there. And what is their answer? To try to kill the combustion engine. We actually have a bill this week to reverse the EPA’s crazy idea of getting rid of heavy lift cars, like the F-250 or other pickup trucks. They’re going after all gasoline-powered cars in exchange for cars that ultimately contain a lot of components that are made in China. I don’t call it a green agenda, I call it his red agenda because the solar panels, a lot of the components of windmills, EVs, all made in China. And so, the president keeps taxing those low-income families. 1.2 billion-dollar coal tax.
Scalise: $74B stock tax hits 401ks, low & middle-income have 401ks. Corporate taxes, cost more
74 billion-dollar stock tax, which hits 401ks. Now maybe President Biden thinks only the billionaires have 401ks. I hate to tell you, Mr. President, there are a lot of low-income families and middle-income families who have 401ks, relying on that to be part of their nest egg to retire. And yet, Joe Biden added 74 billion dollars in taxes there. And as if that wasn’t enough, Joe Biden signed into law 225 billion dollars in more corporate taxes. And where do corporate taxes get paid? By people who buy things. Again, you wonder why when you go to the grocery store or when you go to any other store to buy clothes, to buy any other products, why it’s costing 20 or 30 percent more? It’s because of all the taxes that Joe Biden’s already raised. And what is his answer to maxing out the nation’s credit card? He wants more taxes. Well, the message we have for President Biden is there will be no more taxes. It’s the spending in Washington that’s the problem
Scalise: We passed a bill. Senate won’t even come in to go to work, Time for Biden to get serious
And it’s the spending in Washington that we have to address to solve this situation we’re in with the debt ceiling. That’s why we passed a bill to do it. We passed a bill. The Senate won’t even come in to go to work, let alone try to pass their own bill. Time for President Biden to get serious, bring real ideas to the table, or just say Speaker McCarthy, the House passed a bill President Biden ought to support it, and then that bill can get signed into law, and then this whole crisis he’s trying to create is over.
Scalise: spend more than it takes in, credit card maxed out. Biden took 97 days off not to negotiate
On 5/23/2023, House Majority Leader Scalise said, “We’ve seen it for months and months, going back to February when Speaker McCarthy got his first meeting with the president, laid out a list of things that we would do to address the debt ceiling, but also address the nation’s spending problem. And let’s keep in mind, when the country hits the debt ceiling, it’s in essence because the credit card in the nation got maxed out. It got maxed out because Washington is spending more money than it takes in. So of course, we say make the minimum payment.
But you also, any family would also get control over spending rather than just give another credit card to go max out. And that’s really where we’re at, a crossroads in this negotiation. President Biden hasn’t taken this seriously. He took almost 100 days off in refusing to negotiate with the speaker. We didn’t take any time off. We actually went to work, saying if the president is going to just sit this out, try to run out the clock, and create a debt crisis in America.
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401K Tax & Taxes Biden already signed into law that low-income paying & green agenda, oil, coal & Corp taxes