Bipartisan Cost Coalition Statement: Senate Republicans Vote for Inflation Bomb

Cost Coalition Advisers Terry Holt, a Republican, and Andrew Bates, a Democrat, released the following statement on Senate Republicans voting to worsen inflation with tax giveaways to the rich:

“Senate Republicans just voted to drop an inflation bomb on the American economy, breaking the #1 promise they and Donald Trump made to the American people: lower costs. These tax giveaways to the wealthy add trillions to America’s debt - raising prices, killing jobs, and dragging our economy down. Ignoring their constituents, including 2024 Trump voters who are speaking out, Senate Republicans are forcing the most unpopular legislation in decades down the country’s throat. This tax welfare for the rich is made possible by draconian cuts to health care, energy, food, and manufacturing. Republican congressional districts will feel the most pain as newly-arrived jobs go overseas and hospitals close - an unprecedented transfer of wealth from America’s heartland straight to communist China. At the same time, the Big, Ugly Bill embraces Trump’s tariffs, now the biggest tax hike on working people in modern history, to make room for tax breaks for billionaires. Washington is literally raising taxes on everyday Americans so they can cut them for a bloated establishment. It’s clear that Senators are more afraid of Donald Trump than they are of the people they represent, telling their home states to just “get over it.”  Good luck with that.” 

Terry Holt is a former spokesperson for President George W. Bush and House Speaker John Boehner. 

Andrew Bates was Senior Deputy White House Press Secretary under President Joe Biden.