sen. Mike Crapo (R-ID), the top Republican on the Senate Finance Committee, admitted that the Inflation Reduction Act does not raise US taxes.
NEW: Mike Crapo, the most senior Republican on the Senate Finance Committee, admits his party lied about the Inflation Reduction Act — says, “technically, it’s not [Americans’] TAX RATES.” pic.twitter.com/zaSh2gFrBm
— COURIER (@CourierNewsroom) August 3, 2022
Crapo said at a news conference, “I’ll respond to the questions on those two things. First, it doesn’t raise taxes for certain Americans. Technically, it doesn’t raise their tax rates.”
Here’s the full clip:
Crapo was trying to say that the American people will bear the brunt of companies having to pay a minimum tax, and he was trying to argue that in this hypothetical situation that might be some sort of tax hike, but not technically as a tax hike.
Crapo’s answer was a sleight of hand trying to say that helping people is bad because companies have to pay more taxes, which won’t be good for the American people because mumbling reasons are mumbling.
Technically, Republicans lied by claiming that The Reduce Inflation Act raises taxes on people earning less than $400,000. sen. Joe Manchin (D-WV) went off during an appearance on TBEN News when the network tried to spread the false claim, calling it an outright lie.
Republicans have lied about The Reduce Inflation Act because they don’t want Democrats to have another major achievement to take voters to campaign in the fall.
The GOP’s hoped-for red wave looks like a reminder, and if Democrats can campaign to lower the cost of prescription drugs, fight inflation, and boost both domestic and green energy production, it will Giving Republicans even more headaches on the campaign trail.
When TBEN News or any Republican claims the Inflation Reduction Act raises taxes, remember Senator Mike Crapo’s words that it doesn’t.
Mr Easley is the editor in chief. He is also a White House Press Pool and a congressional correspondent for PoliticusUSA. Jason has a bachelor’s degree in political science. His graduation work focused on public policy, with a specialization in social reform movements.
Awards and Professional Memberships
Member of the Society of Professional Journalists and the American Political Science Association