Bipartisan Cost Coalition on the House voting for an inflation-worsening tax hike on the American Dream

Cost Coalition Advisers Terry Holt and Andrew Bates released the following statement after the House vote:

“Our economy is blinking red, from the Moody’s downgrade to Wal-Mart raising prices, but Congress is asleep at the wheel, creating another cost crisis that will raise prices on all Americans. Whether they’re Republicans, Democrats, or anything else, the American people are speaking with one voice, telling Washington to stop raising prices. Instead of listening, Washington just gave them the middle finger with inflationary tax payoffs to billionaires that raise costs for everyone else with exploding debt. Across-the-board tariffs are already the biggest middle class tax hike in modern history, killing manufacturing jobs and closing small businesses across the country while making it harder to afford a house or a car. Today’s tax scam pours gasoline on the tariff fire, worsening families’ biggest economic problems before it’s even signed into law. Out of touch DC politicians call this “beautiful” and a “victory,” but their constituents will call it what it is: a devastating tax on the American Dream.

The Cost Coalition, a bipartisan group launched earlier this month, is dedicated to restoring the promise of the American Dream and fighting for the economic interests of middle class families.