Grassley Pushes for Tax Cuts to Ease 'Terrible Inflation' — 'Hurting the Middle Class'

Thursday on Fox Business Network’s “Kudlow,” Sen. Chuck Grassley (R-IA) introduced his plan to combat the record-high inflation.

Grassley said that the “terrible inflation” was “hurting the middle class.” He emphasized that his legislation, the Middle Class Savings and Investment Act, would encourage people to be able to save during a time when inflation and gas prices were being felt by everyone.

“I’m hearing at my county meetings that says eight-and-six-tenths percent inflation and the big increases in gas are eating up everybody’s income and diluting their savings, so we’ve got to do more to encourage people to save,” Grassley outlined. “It accomplishes two things — people save, more productivity, and if they don’t spend it, it helps on the demand side. So,

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