Sen. Cramer: Inflation Reduction Act is absurd

FILE – Sen Kevin Cramer, R-ND, speaks during a Senate Environment and Public Works Committee oversight hearing, May 20, 2020 on Capitol Hill in Washington. (Kevin Dietsch/Pool via AP, File)

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UPDATED 8:27 AM PT – Friday, July 29, 2022

While Sen. Joe Manchin (D-W.Va.) is defending his “about-face” on the Inflation Reduction Act, Republicans are criticizing the bill. On Thursday, Sen. Kevin Cramer (R-N.D.) said it’s absurd to raise taxes on “job creators” during a recession.

The GOP lawmaker explained the 15 percent minimum tax on corporations changes the way they can expense and deduct, which will only increase inflation. Cramer added, the bill neglects the country’s real economic problems to address hypothetical ones.

“There’s like, what is it, 50 or 60 billion dollars for a green bank?” he asked. “Five billion dollars for urban trees? I mean, give me a break. We’ve got real serious problems in this country and they want to give money away for tree planting for crying out loud.”

I have tried to work across party lines when it makes sense, but this Democratic power grab through reconciliation will make every economic problem in America worse.
 
Terrible deal.

— Lindsey Graham (@LindseyGrahamSC) July 28, 2022

Also on Thursday, Sen. Lindsay Graham (R-S.C.) specifically asked the Congressional Budget Office to evaluate the impact of the Democrat’s spending package, which he calls an updated version of Build Back Better.

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