House Republicans: Schumer-Manchin Tax Increases 'Likely to Worsen Economy'

House Republicans: Schumer-Manchin Tax Increases 'Likely to Worsen Economy'


House Republicans with the Committee on Ways and Means slammed Democrats’ newly unveiled Inflation Reduction Act of 2022 on Friday, saying it is “likely to worsen the economy.”

Ways and Means Leader Rep. Kevin Brady (R-TX) released a warning statement about the proposed legislation after the Bureau of Economic Analysis released data showing that a key measure of inflation, the personal consumption expenditure (PCE) price index, rose by 6.8 percent compared with 12 months earlier — the biggest year-over-year gain since January 1982.

“President Biden turned our recovery into a recession, and now family paychecks have decreased for the fifth straight month in his cruel economy with inflation hitting its highest in 40 years and accelerating,” Brady said, adding, “Who in their right mind

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