07.14.22

ICYMI: McConnell on The Story

WASHINGTON, D.C. – U.S. Senate Republican Leader Mitch McConnell (R-KY) joined Martha MacCallum this afternoon on Fox News’ ‘The Story With Martha MacCallum’. Click here to watch the full interview or see below for highlights:

On Democrats’ Runaway Inflation:

“One clear reason we're suffering from 40-year high inflation: the $1.9 trillion so-called rescue package passed last year in March without a single Republican vote, which Bill Clinton’s Secretary of the Treasury, Larry Summers said at the time- was going to create record inflation. Jason Furman, President Obama’s top economist, said it was going to create record inflation, and it has. You saw the numbers the other day. They continue to go up…

“This inflationary spiral is entirely the responsibility of this all-Democratic government. And as you suggested, now they want to make it worse by having another spending bill, which they argue is some version of BBB, which Senator Manchin shot down a year ago. They’re discussing raising taxes, which, coupled with the interest rates that the Fed is going to have to take up, likely leads to a recession. So they want to tax us into a recession after spending us into inflation.”

On Democrats’ Reckless Taxing and Spending:

“[Senate Democrats are] flirting around with adding another trillion dollars, much of it in taxes, on businesses that are not incorporated. By the way, most American businesses are not incorporated. So what they want to do is tax the businesses that are not incorporated in a big spending bill. And then they have us, apparently, trying to pass yet another spending bill, parts of which I think are arguably justified – that is the chip problem that we have in this country. Add it all up and you have more spending right in the middle of this record inflation created by what they did last year.

“So yes, I’ve been reluctant to say it's a great idea to add two more spending bills on top of what they have already done, which creates the number 1 issue in the country: this record inflation, which is the principal reason the president's poll numbers are in the dumps.”

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Related Issues: Senate Democrats, Economy, Taxes, Inflation