Senator Romney Discusses The Build Back Better Reconciliation Bill Bottom Line

Tune in to hear from Senator Romney about the challenges he sees with the Build Back Better reconciliation bill. The bill includes $752 billion in increased taxes and offsets, raising taxes for nearly every income category. 

The bill includes $369 billion in energy and climate spending and contains several new or expanded sources of government spending on the development of the domestic clean energy industry and for the gradual transition to a more sustainable energy economy. It will also allow Medicare to negotiate for lower prices for prescription drugs. 

Proponents of the bill claim that it will make a down payment on the deficit reduction to fight inflation and help domestic energy producers and manufacturers.  

However, at a time when inflation is at a 41-year high, should Congress be raising taxes on job creators while they are already facing increasing business costs with higher interest rates?  Despite the claims of the bill, will it actually reduce inflation and help businesses with the bottom line? 

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